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 has finalized the sale of its healthcare provider software business to Dedalus Group for approximately $450 million. This divestiture aligns with DXC's strategy to focus on the Enterprise Technology Stack. CEO Mike Salvino stated that the move strengthens DXC's balance sheet and creates value for stakeholders. Dedalus aims to enhance its clinical IT presence and is set to integrate its offerings to improve healthcare outcomes. This transaction marks a significant step in Dedalus's growth strategy initiated four years ago.
DXC Technology has successfully completed its cash tender offers for its 4.450% senior notes due 2022, expiring on March 22, 2021, with total valid tenders of approximately $120.8 million from its notes and $6 million from its subsidiary's notes. The company plans to pay for the accepted notes on March 23, 2021, and will retire remaining notes totaling $153.7 million and $164.8 million on April 15, 2021. MUFG Securities acted as the dealer manager for this transaction.
DXC Technology Company announced cash tender offers for its senior notes due 2022, providing a consideration based on U.S. Treasury Security yields. The offers expire on March 22, 2021. Holders must tender their notes before the expiration or comply with guaranteed delivery to receive payment. Notes not validly tendered will be retired on April 15, 2021. MUFG Securities Americas is the dealer manager, and Global Bondholder Services Corporation is the tender agent. This press release contains forward-looking statements and clarifies it does not constitute an offer to sell any notes.
DXC Technology Company (NYSE: DXC) has initiated tender offers for its 4.450% senior notes due 2022 and similar notes issued by its subsidiary, Computer Sciences Corporation. The offer, totaling $274.47 million for DXC Notes and $170.80 million for CSC Notes, aims to buy back these securities for cash. The tender offers will expire on March 22, 2021. Concurrently, DXC plans to fully redeem all remaining outstanding DXC and CSC Notes by April 15, 2021, using cash on hand. Important dates include the expected settlement on March 23, 2021, and the guaranteed delivery settlement on March 25, 2021.
DXC Technology has appointed Dawn Rogers and Kiko Washington to its Board of Directors, effective March 4, 2021. Rogers brings 35 years of HR experience, notably as the Chief HR Officer at Pfizer, where she managed HR for 85,000 employees. Washington, with a similar tenure at Warner Bros., held responsibilities in HR leadership and organizational transformation. Chairman Ian C. Read commended their leadership and expertise, stating their contributions will support the company's transformation journey focused on customers and employees.
DXC Technology (NYSE: DXC) reported third-quarter results for fiscal year 2021, showing revenue of $4,288 million and net income of $1,103 million. Non-GAAP net income was $221 million, with diluted EPS at $4.29. Global Business Services (GBS) revenue fell 18.6% year-over-year, while Global Infrastructure Services (GIS) revenue decreased 11.1%. Bookings totaled $2.7 billion for GBS and $2.2 billion for GIS. Despite declining revenues, the company reported improved margins and exceeded non-GAAP diluted EPS guidance, indicating effective cost optimization.
DXC Technology received an unsolicited proposal from Atos SE, which was deemed inadequate by DXC's Board. After evaluating the offer, the Board concluded it did not reflect the value DXC could create independently. Discussions between the two companies have ceased. DXC remains optimistic about its transformation strategy and reported exceeding its financial guidance in the third quarter, achieving a book-to-bill ratio greater than 1.0x. Full third-quarter results will be disclosed on February 4, 2021.
DXC Technology announced the release of its third quarter financial results for fiscal 2021, scheduled for February 4, 2021, at 4:15 p.m. EST. Senior management will host a conference call at 5:00 p.m. EST, with domestic callers dialing 800-949-2175 and international callers using +1-323-994-2131. The conference replay will be available until February 11, 2021. For more details, including the webcast and presentation slides, visit DXC's Investor Relations website.
DXC Technology (NYSE: DXC) announced it received an unsolicited, non-binding acquisition proposal from Atos SE. The DXC board will evaluate this proposal while maintaining its focus on customer service and its ongoing transformation journey. Notably, DXC had no prior knowledge of Atos's interest before receiving the proposal. The company's commitment to its stakeholders remains strong as it assesses this potential acquisition.
DXC Technology (NYSE: DXC) has renewed its IT outsourcing contract with SEG Automotive Germany GmbH for five years. This partnership allows DXC to manage SEG's data center, facilitating the optimization of IT investments and a shift towards cloud solutions. The management will leverage a hybrid strategy, combining DXC’s virtual private cloud and Microsoft Azure, aiming for cost savings and enhanced operational efficiency. SEG anticipates a 20% reduction in system costs, highlighting DXC's expertise and understanding of its business needs.