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 been recognized as a Leader in the Everest Group's 2022 PEAK Matrix® for Life and Pensions Insurance Business Process Services. This acknowledgment emphasizes DXC's commitment to the life and pensions sector, particularly through its strategic focus on business process services and innovative platforms like DXC Assure for Life and Wealth. The company has strengthened its North American presence and demonstrated its capability in handling various insurance blocks. DXC has held the Leader position for seven consecutive years, reflecting its sustained excellence in the market.
DXC Technology (NYSE: DXC) has committed to setting near-term company-wide emission reductions aligned with the Science Based Targets initiative (SBTi). The company aims for a 55% reduction in greenhouse gas emissions by 2025 from its fiscal year 2019 baseline, pending SBTi approval. Joining over 2,000 global firms, DXC emphasizes its sustainable practices, including renewable energy use and waste reduction. COO Chris Drumgoole stated this commitment is an investment in the future and part of DXC's transition to a virtual-first company with a focus on employee flexibility and sustainability.
DXC Technology has secured a $37 million contract with Her Majesty’s Passport Office (HMPO) to enhance IT infrastructure, effective from April 2022. This five-year agreement builds on a twelve-year relationship, allowing DXC to provide essential support in digital platform services, addressing the increasing demand for British passports. HMPO issues between 6 and 7 million passports annually, emphasizing the importance of reliable IT operations. Both organizations aim to improve service efficiency and security for UK citizens through this partnership.
DXC Technology (NYSE:DXC) partners with GEFA BANK for a significant digital transformation initiative— the 'G-Rocket' program. This will involve migrating GEFA's critical applications to Microsoft Azure, enhancing flexibility and scalability. The collaboration extends until October 2027, with the goal of completing the migration by September 2022. Through this project, DXC aims to reduce time-to-market for new services and bolster development for innovative financial products, leveraging cloud-native technologies like Azure Kubernetes Service.
DXC Technology (NYSE: DXC) has secured a four-year contract with PreZero Group, a leading environmental services provider, to transform its IT systems. This collaboration aims to develop innovative waste recycling approaches for over 15 million citizens in Spain and Portugal. DXC will modernize PreZero's legacy IT estate, enhance digital platforms, and improve operational efficiency through cloud and security solutions. The partnership is expected to accelerate sustainable practices and strengthen PreZero's mission within the circular economy.
DXC Technology has appointed Raymond August as President of Insurance Software and Business Process Solutions, effective March 7, 2022. He will lead the growth and development of DXC's insurance software and business process services, focusing on enhancing revenue growth and operational transformation for clients. Starting in the first quarter of FY23, DXC will report these businesses separately within its Global Business Services. August brings nearly four decades of industry experience, most recently as CEO of Benefitfocus.
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.