Dxc Technology Stock Price, News & Analysis

DXC Technology (NYSE: DXC) will participate in the Citi Global Technology Conference on September 14, 2021. President and CEO Mike Salvino is scheduled for a fireside chat at 9:40 a.m. EDT. The event will be accessible via the 'Events and Presentations' section on DXC's investor webpage at https://investors.dxc.com.

DXC Technology aids global firms in modernizing IT and optimizing operations while ensuring security across various cloud environments, positioning itself as a trusted partner for enterprise technology solutions.

DXC Technology (NYSE: DXC) announced a bond offering, raising $700 million from 1.800% Senior Notes due 2026 and $650 million from 2.375% Senior Notes due 2028. The notes are priced at 99.900% and 99.910% of their principal amounts, respectively. The offering is led by major underwriters including BofA Securities and Citigroup Global Markets. Proceeds will be used to repay existing higher-interest senior notes and other debts. The closing is anticipated on September 9, 2021.

DXC Technology (NYSE: DXC) will participate in Deutsche Bank's annual Technology Virtual Conference on September 9, 2021. President and CEO Mike Salvino is scheduled for a fireside chat at 9:10 a.m. EDT.

The presentation will be accessible on DXC’s investor webpage. As a leader in technology services, DXC helps global companies optimize IT, data architectures, and security.

For more details, visit DXC’s investor page.

DXC Technology (NYSE: DXC) announced the pricing of €1.35 billion in senior notes, including €750 million due in 2027 at 0.450% and €600 million due in 2031 at 0.950%. The issuance aims to refinance existing debt, including a €400 million Euro-denominated term loan and other senior notes, enhancing DXC's capital structure. CEO Mike Salvino emphasized the importance of financial stability in their transformation efforts. The offering is anticipated to close on September 9, 2021, and the notes will not be registered under the Securities Act.

DXC Technology (NYSE: DXC) has appointed Chris Drumgoole as Executive Vice President and Chief Operating Officer, effective immediately. Drumgoole, who joined DXC as CIO in March 2020, will oversee daily operations and support the company’s transformation efforts. His responsibilities will include global supply chain management and IT strategy. CEO Mike Salvino highlighted Drumgoole's positive impact on simplifying IT infrastructure and enhancing employee experiences during the pandemic. With over 20 years in the digital and IT sectors, Drumgoole's extensive background includes leadership roles at GE and Verizon.

DXC Technology (NYSE: DXC) and Mosaic Insurance have launched a cutting-edge insurance technology platform designed to streamline the sale, underwriting, and servicing of specialty insurance. This innovative platform enhances underwriting speed and risk assessment through the integration of DXC’s advanced technology services, including analytics and AI. The platform is entirely cloud native and aims to transform insurance processing while reducing costs. Mosaic’s COO emphasizes the model's capability to automate interactions across the risk life cycle.

DXC Technology (NYSE: DXC) announced its Q1 FY22 results, reporting revenues of $4.141 billion, a decrease of 8.0% year-over-year. Net income improved to $282 million from a loss of $199 million in the previous year. The EBIT margin reached 11.3%, up from (3.2)%. Notably, the company achieved a book-to-bill ratio of 1.12x. For Q2 FY22, DXC anticipates revenues between $4.08 billion and $4.13 billion with organic revenue growth expected at (1)% to (3)%. The company reaffirmed its fiscal year 2024 guidance for positive organic growth and adjusted EBIT margins.

DXC Technology (NYSE: DXC) will release its financial results for Q1 of fiscal year 2022 on August 4, 2021, at 4:15 p.m. EDT. A conference call and webcast will follow at 5:00 p.m. EDT, accessible via U.S. dial-in +1-833-979-2847 and international dial-in +1-236-714-2943 (passcode 4469601). A replay will be available until August 11, 2021. DXC provides IT solutions for global companies, modernizing operations across cloud platforms. The company emphasizes risk factors related to forward-looking statements amid ongoing uncertainties from COVID-19.

DXC Technology has been recognized as a leader in the 2020 ISG Provider Lens™ for Insurance Business Process Outsourcing (BPO) Services in the U.S. This includes Life & Retirement Services, Property & Casualty Services, and Third-Party Administrator Services. The reports assessed 18 vendors based on criteria such as innovation and market presence. DXC's strengths lie in its technology solutions like DXC Assure for Life and Wealth, extensive partner ecosystem, and 35 years of industry experience, which enhances insurance processing and customer engagement.