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 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 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.