Dxc Technology Stock Price, News & Analysis

DXC Technology (NYSE: DXC) has appointed Brad Novak as Chief Information Officer, joining the company's leadership team. Reporting to Chief Administrative Officer James Walker, Novak will focus on leveraging AI throughout DXC operations and lead efforts to integrate, standardize, and consolidate platforms, tools, and processes to enhance workforce productivity and operational efficiency.

Novak brings over 30 years of experience in financial services, with expertise in application development, infrastructure, and service management. His previous role was CTO for the Corporate and Investment Bank at Barclays, where he led technology architecture and strategy. He also has experience in Private Equity and Venture Capital, where he assessed investment opportunities and advised portfolio companies on technology strategies.

DXC Technology (NYSE: DXC) has announced a strategic partnership with UK-based Blackout Technologies to enhance enterprise security and operational efficiency for mobile devices. The collaboration combines DXC's consulting expertise with Blackout's patented security solutions to help organizations protect sensitive data and ensure compliance with regulations like GDPR, MiFID II, and PCI DSS.

The partnership focuses on managing personal smart device functionality during work hours, helping companies prevent data breaches and improve productivity by minimizing distractions. Key applications include restricting unauthorized device use in financial services secure areas and reducing distractions for fleet management drivers operating company vehicles.

DXC Technology and ServiceNow have expanded their strategic partnership by establishing a new Center of Excellence (CoE) focused on accelerating generative AI adoption for businesses. The collaboration combines DXC's industry expertise with ServiceNow's GenAI solutions, particularly Now Assist. DXC has already demonstrated success by implementing Now Assist in its service delivery platform, saving nearly 10,000 hours monthly while serving over 500 clients. The partnership builds on a 15-year collaboration, with DXC holding more than 2,000 ServiceNow certifications and 1,300 accreditations.

DXC Technology has been ranked as the leading Life & Annuity Insurance Technology Provider by Everest Group in their inaugural annual report. The ranking was based on revenues, geographical scope, client base, and value chain coverage. DXC serves over 1,000 insurance customers globally, processing more than 1 billion policies, with 21 of the world's top 25 insurers relying on their solutions. The company provides end-to-end digital solutions that transform insurance processes, enabling market speed and enhanced customer experience through cloud computing, AI implementation, and system security.

DXC Technology (NYSE: DXC) has announced its participation in the J.P. Morgan 2024 Ultimate Services Conference taking place in New York City on November 14, 2024. The company's President and CEO, Raul Fernandez, will deliver a presentation at 10:10 am ET. Investors and interested parties can access a webcast of the fireside chat through DXC's investor webpage in the 'Events and Presentations' section at investors.dxc.com.

DXC Technology reported Q2 FY2025 results with total revenue of $3.24 billion, down 5.7% year-over-year. The company posted diluted EPS of $0.23 and non-GAAP diluted EPS of $0.93, up 32.9%. EBIT margin was 3.4%, while adjusted EBIT margin reached 8.6%. DXC raised its full-year guidance, increasing adjusted EBIT margin range to 7.0-7.5%, non-GAAP diluted EPS to $3.00-$3.25, and free cash flow to approximately $550 million. Global Business Services revenue declined 1.9% to $1.68 billion, while Global Infrastructure Services revenue fell 9.4% to $1.56 billion.

DXC Technology (NYSE: DXC) has appointed James Walker as Chief Administrative Officer, reporting to CFO Rob Del Bene. Walker, with over 30 years of experience in technology and financial services, will oversee global operations and transformation initiatives to drive growth and operational efficiency. His responsibilities include enhancing workforce productivity, ensuring accountability, and leading corporate business services including IT functions. Walker previously served as VP of Economics for IBM Cloud and held senior positions at Bank of America, Morgan Stanley, and Credit Suisse. The company also announced that COO Jim Brady will retire at month's end.

DXC Technology (NYSE: DXC) and Accelya announced a strategic partnership to enhance airline retail operations and system integrations globally. Accelya will utilize DXC's Departure Control Systems (DCS) to power their FLX ONE retailing platform, which processes over 30 billion offers daily. The platform provides airlines with comprehensive IATA Offers, Orders, Settle & Delivery capabilities, enabling personalized customer experiences and efficient operations. DXC will serve as Accelya's preferred systems integrator, leveraging its expertise to accelerate modernization for airlines worldwide.

DXC Technology (NYSE: DXC), a Fortune 500 global technology services provider, has appointed Andy Makridis, former Chief Operating Officer of the CIA, as a top advisor for the public sector. Makridis brings 37 years of CIA experience, including four years as COO, to strengthen DXC's collaboration with public sector clients.

Reporting to Chris Drumgoole, Managing Director of Global Infrastructure Services, Makridis will contribute his expertise in national security and innovative strategies. This appointment reinforces DXC's commitment to outcome-driven innovation and secure solutions for public sector clients.

DXC aims to leverage Makridis' leadership to enhance its capabilities in AI adoption and address unique challenges in the public sector, focusing on improving business outcomes and setting benchmarks for excellence in the industry.