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 (DXC) delivers independent IT services and digital transformation solutions for global enterprises. This news hub provides investors and technology professionals with timely updates on strategic developments, financial performance, and industry leadership.
Access official press releases and curated analysis covering cloud migration initiatives, cybersecurity partnerships, and enterprise IT modernization programs. Our repository tracks critical updates including quarterly earnings disclosures, leadership changes, and major client engagements.
Key content categories include service innovations across Global Business Services, infrastructure modernization projects, and strategic alliances with technology providers. Bookmark this page for consolidated access to DXC's operational milestones and market positioning updates.
DXC Technology has secured a $6M contract from Renfe-LogiRAIL, Spain's national rail operator, to modernize its IT infrastructure. This initiative aims to support a projected 34% increase in passenger numbers and drive growth in freight services, with expectations of 120 million additional passengers and 1.5 million tonnes of freight in 2022. DXC will become Renfe's lead IT partner, enhancing operational efficiency and leveraging cloud technologies to manage critical IT systems.
DXC Technology has appointed Kristie Grinnell as senior vice president and chief information officer (CIO). Grinnell, formerly global CIO at General Dynamics Information Technology, will report to Chris Drumgoole, DXC’s COO. Her responsibilities will include leading global IT strategy, streamlining systems, and enhancing digital capabilities. With her extensive experience in IT transformation and supply chain management, Grinnell aims to improve performance and innovation at DXC. The company is focused on modernizing IT and ensuring security across various cloud platforms.
DXC Technology has secured a multiyear renewal agreement with Copa Airlines to modernize its legacy Passenger Service System (PSS) by migrating it to the public cloud. This transition, supported by Microsoft, aims to enhance Copa's digital transformation, providing a scalable and efficient IT platform without disrupting business operations. The project promises a nearly 99.5% automated migration rate and aims to significantly improve integration and reduce costs. Copa Airlines is recognized for its excellent service and punctuality across Latin America.
DXC Technology reported Q2 FY22 revenues of $4.03 billion, a decrease of 11.6% year-over-year. While diluted EPS was $(0.74), Non-GAAP diluted EPS improved 41% to $0.90. Cash flow from operations was $563 million, with free cash flow of $404 million. Despite a reduction in revenue guidance due to foreign exchange impacts, the company raised its Non-GAAP EPS and Adjusted EBIT margin guidance. The book-to-bill ratio stood at 0.91x compared to 1.08x in the previous year.
DXC Technology has secured a significant
DXC Technology (NYSE: DXC) will announce its financial results for Q2 fiscal 2022 on November 3, 2021, at approximately 4:15 p.m. EDT. A conference call will follow at 5:00 p.m. EDT. Domestic callers can dial 888-510-2008 while international callers should dial +1-646-960-0306. The replay will be available until November 17, 2021. For further updates, conference details will be accessible on the Investor Relations section of DXC's website.
DXC Technology (NYSE: DXC) has successfully completed its refinancing process, which involved offering €1.35 billion and $1.35 billion in Senior Notes. The company redeemed $2.5 billion of high coupon debt, including EUR term loans and multiple Senior Notes, amounting to a make whole premium of $300 million and accrued interest of $40 million. CFO Ken Sharp highlighted that this refinancing enhances their financial stability by extending debt maturities and reducing interest expenses. DXC's operations focus on supporting global enterprises in optimizing IT and enhancing competitive performance.
DXC Technology (NYSE: DXC) and Lenovo have partnered with Dr. Peter Scott-Morgan to create assistive technology solutions for individuals with disabilities. The collaboration aims to merge AI, robotics, and software to empower users facing health challenges. Scott-Morgan, diagnosed with motor neuron disease, emphasizes the potential of technology to enhance quality of life. Key initiatives include autonomous wheelchairs, photo-realistic avatars, and smart home integrations. Lenovo supports the effort with hardware donations, while DXC provides technology integration expertise.
DXC Technology (NYSE: DXC) recently celebrated its rebranding by ringing the New York Stock Exchange Closing Bell. CEO Mike Salvino and the leadership team emphasized the new brand's commitment to delivering excellence for customers and colleagues. This event underscores DXC's focus on modernizing IT and optimizing data architectures, aiming to enhance performance and customer experience. DXC serves numerous global enterprises, relying on its extensive technology services to drive competitive advantage.
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