DXC Technology Company reports developments across enterprise technology services for global enterprises and public-sector organizations. Its news centers on quarterly results, bookings, margins, cash flow, segment performance and share repurchases, alongside updates in Managed Infrastructure Services, Application Modernization and Industry-Specific Software Solutions.
Company announcements also cover AI-led managed services and consulting initiatives, including DXC OASIS, Assure Smart Apps built on ServiceNow, Consulting & Engineering Services updates, partnerships, investor conference participation, and reporting structure across Consulting & Engineering Services, Global Infrastructure Services and Insurance Services.
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.
DXC Technology (NYSE:DXC) announced a virtual Investor Day on June 17, 2021, where CEO Mike Salvino and his team will discuss their transformation journey. The event aims to showcase the company's focus on attracting talent and improving customer relations, which are contributing to stable revenues and expanded margins. DXC emphasized expectations for continued momentum and organic revenue growth in FY22, while reiterating guidance for the first quarter and full year FY22. A webcast will be available on the DXC Investor Relations website.
DXC Technology has appointed Brenda Tsai as Executive Vice President and Chief Marketing and Communications Officer, reporting to CEO Mike Salvino. Tsai brings over 26 years of experience in global brand building, data analytics, and demand generation from previous roles at companies like BNY Mellon, GE, and P&G. Her leadership is expected to enhance DXC's transformation and growth strategy. Salvino emphasized her strategic capabilities in driving DXC's objectives. This appointment reflects DXC's commitment to strengthening its marketing function amidst ongoing business evolution.
DXC Technology (NYSE: DXC) reported its fourth quarter and fiscal year 2021 results, with revenue of $4.385 billion, down 8.9% year-over-year. However, this figure exceeded prior revenue guidance and marked a 2.3% sequential increase. Adjusted EBIT margin improved to 7.5%, surpassing expectations. Despite a net loss of $(804) million, the company continues to show organic revenue stabilization for three consecutive quarters. The book-to-bill ratio stood at 1.08x, indicating strong business momentum expected to continue into FY22.
DXC Technology (NYSE: DXC) has secured a 7-year extension of its IT services agreement with the Flemish Government, enhancing public services through innovative solutions. This collaboration focuses on improving security, performance, and efficiency within mainframe operations as transaction volumes rise. DXC will leverage its Enterprise Technology Stack to support a hybrid cloud infrastructure, aiming to simplify public sector tasks while addressing citizens' needs. The extension reflects an 18-year partnership, underscoring the Government's trust in DXC as a reliable IT partner.
DXC Technology (NYSE: DXC) will release its financial results for Q4 fiscal 2021 on May 26, 2021, at approximately 4:15 PM EDT. A conference call and webcast will follow at 5:00 PM EDT, with dial-in numbers provided for domestic and international callers. The event will include a passcode for participation.
Additionally, DXC will host a virtual Investor Day on June 17, 2021, at 9:00 AM EDT, discussing future plans. Webcast details will be available on their Investor Relations website.
DXC Technology (NYSE: DXC) has secured a five-year extension of its agreement with Zurich Insurance Group, enhancing IT and security services pivotal for Zurich's IT transformation. The deal enables Zurich to leverage DXC’s Enterprise Technology Stack, facilitating faster application deployment and improved operational resiliency. This partnership aims to elevate customer and employee experiences significantly, aligning with Zurich's digitization strategy, as stated by leaders from both companies.
DXC Technology (NYSE: DXC) has been selected by Copasa to modernize its back office and commercial processes to enhance water and sanitation services in Brazil. The transformation will utilize SAP S/4HANA and cloud applications to improve operational efficiency and customer service for 11.8 million people. The project involves over 200 professionals from DXC and Copasa, fostering a long-term partnership with SAP. Executives from Copasa acknowledge that the initiative will enhance agility, security, and customer experiences, positioning them for future challenges.
DXC Technology (NYSE: DXC) has been selected by First Horizon Bank to provide commercial credit card processing services, targeting a 150% growth in volume. This partnership builds on over a decade of collaboration with IBERIABANK. DXC will offer a comprehensive technology suite, including 24/7 customer support, advanced fraud protection, and a robust card management platform. The relationship reflects First Horizon's commitment to enhancing client experiences and operational efficiency.
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.