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 forged a partnership with Infinia ML to enhance its machine learning and data analytics capabilities. This collaboration aims to automate document processing, improve IT system performance, and provide advanced AI auditing to ensure optimal functioning. The initiative focuses on delivering innovative, data-driven solutions, including natural language processing and behavior prediction, to enhance customer support and operational efficiency. The partnership signals DXC's commitment to leveraging advanced technologies to drive business results and improve client experiences.
DXC Technology has appointed Ken Sharp as the new executive vice president and chief financial officer, effective November 30, 2020. Sharp brings extensive experience from Northrop Grumman and previous roles at Leidos and Computer Sciences Corporation. Reporting to Mike Salvino, DXC's president and CEO, Sharp will oversee the company's global financial strategy, accounting, and investor relations. Sharp's appointment aims to enhance DXC's transformation journey, as expressed by both Sharp and Salvino.
DXC Technology (NYSE: DXC) reported second quarter fiscal year 2021 results with revenue of $4.55 billion and non-GAAP diluted EPS of $0.64, exceeding expectations. The company improved margins sequentially, achieving a book-to-bill ratio of 1.1x. DXC completed the $5 billion sale of its U.S. State and Local Health and Human Services business and paid down $3.5 billion in debt. However, the company reported a net loss of $246 million due to restructuring and other special items. Adjusted free cash flow was $237 million.
DXC Technology (NYSE: DXC) will release its financial results for the second quarter of fiscal 2021 on November 5, 2020, at approximately 4:15 p.m. EST. Following this, a conference call will be hosted at 4:45 p.m. EST, with dial-in numbers provided for domestic and international callers. The passcode for the call is 8144357. A webcast and presentation slides will be accessible on DXC's Investor Relations website. A replay will be available until November 12, 2020, and a transcript will also be posted on the website.
DXC Technology has finalized the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, creating Gainwell Technologies. The transaction, worth $5 billion, will allow DXC to reduce its debt by approximately $3.5 billion, resulting in a total debt of about $6 billion and net debt of about $3 billion post-transaction. This strategic move aims to enhance DXC's financial flexibility and focus on core operations, signaling a new chapter for both DXC and Gainwell.