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) will attend the Cowen Technology Conference on June 2, 2022. The Chief Financial Officer, Ken Sharp, is set to engage in a fireside chat at 9:40 AM ET. This event will be accessible via the 'Events and Presentations' section of DXC's investor website, ensuring stakeholders can stay informed. DXC Technology, a Fortune 500 leader, supports global companies by modernizing IT and optimizing data architectures.
DXC Technology, alongside Lloyd's and the International Underwriting Association, has announced a $465 million contract extension aimed at ensuring continuity for London market insurance customers during an ambitious IT transformation program. This agreement will facilitate the transition of approximately 400 insurance companies to a cloud-native platform on AWS, enhancing operational resilience and compliance with new industry regulations. The London insurance market represents 7.6% of the global commercial (re)insurance market, valued at over $110 billion.
DXC Technology has announced a $465 million contract extension with Lloyd's and the International Underwriting Association to support the digital transformation of the London insurance market. This initiative aims to transition approximately 400 insurance companies to a cloud-native digital platform, improving operational resilience and compliance with new regulations. The London market represents 7.6% of the global commercial reinsurance market, employing 47,000 people and generating over $110 billion in gross written premiums.
DXC Technology reported Q4 FY22 revenues of $4.01 billion, down 8.6% year-over-year, primarily due to the impact of the U.S. dollar's strength and the Ukraine conflict. Diluted EPS was $2.14, with a non-GAAP EPS of $0.84. The company achieved $4.8 billion in bookings, resulting in a book-to-bill ratio of 1.20x. Operating cash flow improved to $1.5 billion, yielding $743 million in free cash flow. Despite exiting the Russian market, which will reduce annual revenues by $140 million, DXC anticipates positive growth in FY24.
On May 24, 2022, DXC Technology announced a collaboration between its subsidiary Luxoft and CARIAD, Volkswagen Group's automotive software company. The partnership aims to develop a scalable automotive software platform, enhancing services like vehicle integration and software testing. The initiative also includes training thousands of CARIAD software engineers. This collaboration will accelerate the creation of innovative, connected driving experiences, driving value for customers and supporting data-driven business models across all Volkswagen brands.
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DXC Technology announced the retirement of Ian Read from its Board of Directors, effective July 26, 2022. Mike Salvino, the current president and CEO, will take on the role of board chairman, while David Herzog has been appointed as the lead independent director. Salvino praised Read for his leadership during DXC's Transformation Journey, enhancing the company's position. Herzog will reduce his other board commitments to focus on his new role at DXC. These leadership changes are aimed at continuing to drive value for shareholders.
DXC Technology (NYSE: DXC) will announce its financial results for the fourth quarter and the full fiscal year 2022 on May 25, 2022, at approximately 4:15 p.m. EDT. A conference call and webcast will follow at 5:00 p.m. EDT. Domestic callers can dial 888-330-2455 while international participants should call +1-240-789-2717, using passcode 4164760. The conference call replay will be available until June 1, 2022.
Details can be accessed via the Investor Relations website of DXC Technology.
MRW, a top provider of urgent transport services in Spain, has entered a five-year contract with DXC Technology to modernize its IT systems using hybrid cloud technologies. This transformation aims to enhance the speed and agility of MRW's delivery services while bolstering cybersecurity protections for 70 million shipments annually. The deployment will leverage Kubernetes containers for improved application management and a cost-effective pay-per-use model. The collaboration will also establish an immutable backup system to safeguard against ransomware attacks.
DXC Technology (NYSE: DXC) announced the appointment of Carrie W. Teffner to its Board of Directors, effective April 20, 2022. She will also serve on the Audit Committee. Teffner is recognized for her extensive experience in strategic financial management, having previously held significant roles in well-known firms such as Crocs and PetSmart. Chairman Ian Read emphasized her tracking record as a vital asset in shaping DXC's future and supporting CEO Mike Salvino in executing the company's transformation journey.