Welcome to our dedicated page for Dxc Technology news (Ticker: DXC), a resource for investors and traders seeking the latest updates and insights on Dxc Technology stock.
DXC Technology Company (NYSE: DXC) is frequently featured in technology, enterprise IT, and capital markets news due to its role as a global provider of information technology services and an enterprise technology and innovation partner. News about DXC often focuses on how the company modernizes, secures, and operates complex technology estates for global enterprises and public sector organizations, and how it helps customers harness AI to drive outcomes.
Investors and industry observers following DXC news can expect updates on its managed infrastructure services, application modernization projects, and industry-specific software solutions. Recent announcements have covered topics such as the launch of AdvisoryX, a global advisory and consulting group focused on AI and transformation; the introduction of AMBER, a next-generation automotive software platform from DXC Luxoft for in-vehicle infotainment; and partnerships in financial services, including work with Aptys Solutions to modernize payments connectivity for U.S. financial institutions.
DXC’s news flow also includes developments in its alliances and certifications, such as being confirmed as a RISE with SAP Validated Partner and expanding its own use of SAP Cloud ERP. Regulatory and capital markets updates appear as well, including press releases tied to senior notes offerings, redemptions, and related SEC filings. Corporate governance, leadership appointments, and segment reporting changes are disclosed through both press releases and Form 8-K filings.
For those tracking DXC (DXC) news, this page aggregates company-issued releases and other coverage related to its technology services, AI initiatives, industry partnerships, and financing activities. Regular review can help readers understand how DXC positions itself in areas like AI adoption, software-defined vehicles, insurance platforms, and payments modernization, as well as how management communicates strategic and financial milestones.
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.
DXC Technology (NYSE: DXC) has announced the release date for its fiscal 2025 second quarter financial results. The results will be disclosed on Thursday, November 7, 2024, at approximately 4:15 p.m. Eastern Time (ET). Following the release, the company's senior management will host a conference call and webcast at 5:00 p.m. ET.
For those interested in participating, the dial-in number for domestic callers is 888-330-2455, while international callers should use +1-240-789-2717. The passcode for all participants is 4164760#. The webcast audio and presentation slides will be accessible through DXC Technology's Investor Relations website.
A replay of the conference call will be available until 11:59 PM ET on November 14, 2024. The replay can be accessed at 800-770-2030 for domestic callers and +1-647-362-9199 for international callers, using the same passcode. Additionally, a transcript of the call will be posted on the company's Investor Relations website.
DXC Technology is collaborating with PKO Bank Polski to introduce a new feature in the IKO mobile banking app, enabling in-vehicle parking payments through the infotainment dashboard. This innovation, compatible with Android Auto technology, allows drivers to manage parking sessions across Poland, making payments faster and more accessible. The IKO app, launched in 2013 in partnership with DXC, now boasts over 8 million users and offers more than 100 functionalities, including account management, transfers, and various payment services.
Robert Taras, Account Delivery Leader for DXC Technology Poland, highlighted the company's long-standing partnership with PKO Bank Polski and their commitment to providing comprehensive and personalized financial services through digital innovations.