Dxc Technology Stock Price, News & Analysis

DXC Technology publicly condemns the Russian Government's aggression in Ukraine, which has resulted in humanitarian crises. The company prioritizes the safety of its 4,000 employees in Russia by providing shelter, financial assistance, and healthcare. DXC is ceasing operations in Russia, ensuring compliance with sanctions. Aligning with its 'People-first' strategy, the firm is matching employee donations to the Red Cross at 200%. DXC remains committed to supporting its colleagues and assessing the ongoing situation to mitigate impacts on its workforce and operations.

DXC Technology (NYSE: DXC) has been recognized as a Leader in the Everest Group's Cloud Services PEAK Matrix® Assessment 2022 for both North America and Europe. The report emphasizes DXC's comprehensive cloud services in consulting, modernization, and operations, highlighting its strengths in private and hybrid cloud solutions. The company's innovative operating model and customer engagement in project formulation are noted as key differentiators. Vinod Bagal, EVP of Global Delivery, stated that this recognition reflects DXC’s commitment to innovation in cloud services.

DXC Technology (NYSE: DXC) has signed a multi-year Managed Services agreement with the University of Newcastle to manage Oracle’s PeopleSoft Campus Solutions application and infrastructure. This strategic partnership marks a significant step for the university, enabling 24/7 operational support, technology management via AWS, and enhanced application service delivery. The collaboration aims to support the university’s mission of delivering high-quality education while optimizing operational efficiency and compliance with licensing.

DXC Technology reported Q3 FY22 revenues of $4.09 billion, a 4.6% decline year-over-year and 1.4% decline organically. Diluted EPS stood at $0.38, with non-GAAP diluted EPS at $0.92. The company recorded $5.0 billion in bookings, resulting in a strong book-to-bill ratio of 1.23x. Operating cash flow reached $696 million, yielding a free cash flow of $550 million. DXC plans to self-fund $1 billion for share repurchases, having already repurchased 6.8 million shares for $213 million during the quarter. Guidance for Q4 FY22 suggests revenues between $4.11 billion and $4.15 billion.

DXC Technology (NYSE: DXC) has launched the new DXC ServiceNow Strategic Business Group to enhance its position as a leader in enterprise service management. This group will utilize DXC Platform X, recognized as a leader in cognitive IT management, to deliver cost-effective, automated services. With over 6,500 global implementations and plans to double its certified resources, DXC aims to help clients achieve 'silent operations'. Partnerships with firms like AEON demonstrate DXC's commitment to optimizing client technology strategies for digital transformation.

DXC Technology (NYSE: DXC) has been recognized as a Leader in five insurance categories by NelsonHall in its NEAT™ Life, Annuities & Pension: Operational Transformation 2021 report. The company excels in overall performance, digital transformation, and life claims administration. Key strengths include biometric integration, third-party administration capabilities in the U.S. and Canada, and AI-enhanced customer experience solutions. DXC aims to optimize operations, reduce costs, and improve customer satisfaction, reflecting a commitment to business transformation in the insurance sector.

DXC Technology (NYSE: DXC) will release its third quarter fiscal 2022 financial results on February 2, 2022, around 4:15 p.m. EDT. A conference call will follow at 5:00 p.m. EDT, open to domestic callers at 888-330-2455 and international callers at +1-240-789-2717, using passcode 4164760. The call's replay is available until February 9, 2022. Details for accessing the live webcast and a transcript will be on DXC's Investor Relations website.

DXC Technology has signed a multi-year agreement with Lloyd’s and the International Underwriting Association to transform the London insurance market. This initiative aims to enhance speed, security, and efficiency through advanced cloud and automation technologies, supporting Lloyd's goal of creating a technologically advanced insurance marketplace. The London insurance market contributes 7.6% to the global commercial (re)insurance market.

The transformation will involve rearchitecting IT systems and developing a cloud-native platform, ultimately improving operational costs and customer service.

DXC Technology has been appointed as the Master Systems Integrator for the Western Sydney International Airport, scheduled to open in 2026. This partnership with Chavali Consulting aims to establish a robust technology platform that integrates over 60 operational systems, enhancing security and customer experience. The airport will accommodate up to 10 million passengers annually at launch, expanding to 82 million by the 2060s. DXC’s involvement emphasizes innovation and job creation for the Greater Sydney area.