Dxc Technology Stock Price, News & Analysis

Vision Bank, a Sharia-compliant digital bank in Saudi Arabia, has successfully launched its pilot phase operations using Finastra Kondor and cloud-based managed services from DXC Technology (NYSE: DXC). The implementation enhances the bank's treasury trading and risk management capabilities.

The solution provides sophisticated functionality for asset and liability management, liquidity management, trading and investment, foreign exchange, capital adequacy, and reserve management. The cloud deployment aligns with Vision Bank's strategy of improving user experiences while meeting new market demands.

The implementation was important in Vision Bank (formerly Saudi Digital Bank) obtaining no objection from the Saudi Central Bank. The project contributes to the Financial Sector Development Program under Saudi Vision 2030, positioning the bank as a pioneer in providing seamless, Sharia-compliant banking solutions.

DXC Technology (NYSE: DXC) has been selected by Parfois Group, a Portuguese fashion brand, to enhance customer experience through data-driven personalization. The partnership involves implementing the Snowflake data platform to analyze customer data using predictive AI models.

Parfois, operating over 1,000 stores across 67 countries with a growing online presence, will leverage DXC's expertise to improve operational efficiency and customer experience. The solution will provide real-time data analysis and management indicators through navigation panels, enabling informed decision-making based on customer behavioral patterns.

This collaboration is part of Parfois' global Data Intelligence strategy, focusing on personalizing shopping experiences through data-driven insights. The implementation encompasses analytics platform deployment, data engineering, AI model development, and business intelligence dashboards.

DXC Technology and ServiceNow have expanded their strategic partnership to launch DXC Assure BPM, an AI-powered insurance solution. The new offering combines DXC's insurance expertise with ServiceNow's AI platform to modernize the insurance industry.

The solution aims to reduce up to 40% of operational costs typically spent on manual processing by integrating AI, data, and workflows across the entire policy lifecycle. According to HFS Research, 45% of insurers are already investing in technology-driven alignment of their operations.

DXC Assure BPM features include purpose-built workflows based on DXC's 40+ years of insurance experience, full integration with DXC Assure Platform, an AI-driven self-service portal for policyholders, and enhanced AI capabilities for automated policy administration.

DXC Technology (NYSE: DXC) has appointed Pat McClanahan as Global Leader of Business and Sales Operations for Consulting & Engineering Services (CES), reporting to CES President Howard Boville. McClanahan, a former Navy Captain with 24 years of service, joins DXC from his recent position as Chief Operating Officer at the Federal Reserve Board of Governors.

In his new role, McClanahan will oversee DXC's global business and sales operations within CES, focusing on transformation initiatives, workforce productivity enhancement, sales optimization, and strategic alignment of AI-powered consulting and engineering services. His extensive leadership experience includes serving as Vice President for People Operations and Strategy at Gannett, managing a workforce of over 15,000 employees.

DXC Technology (NYSE: DXC) has announced the promotion of Jennifer Ragone to Chief People Officer, reporting directly to President and CEO Raul Fernandez. In her new role, Ragone will lead DXC's global people strategy, focusing on driving profitable growth through innovative talent solutions.

Previously serving as Vice President of Business HR at DXC, Ragone has demonstrated expertise in leveraging AI and data analytics for talent development. Her responsibilities will include strengthening the workforce, preparing employees for the future of work, and fostering an inclusive, value-driven culture centered on client centricity, accountability, and performance excellence.

DXC Technology (NYSE: DXC) has signed an agreement with Skanska AB to modernize the construction giant's IT infrastructure across Europe and the United States. The partnership aims to drive greater operational efficiency, with services and employees from Skanska's global IT infrastructure operations transferring to DXC.

As Skanska's trusted IT partner, DXC will manage Azure cloud and on-premises environments, enhance cybersecurity, deliver modern workplace solutions, and ensure connectivity through data center network management. DXC will also lead solution architecture, automation and service optimization.

"By partnering with DXC and outsourcing our IT infrastructure, we will meet new demands for modern and flexible IT infrastructure services," said Anders Candell, SVP IT from Skanska, noting the collaboration will help them focus more on innovative, client-centric solutions.

DXC Technology reported Q3 FY2025 results with total revenue of $3.23 billion, down 5.1% year-over-year. The company achieved an EBIT margin of 4.5% and adjusted EBIT margin of 8.9%. Key financial metrics include diluted EPS of $0.31 (down 61.7% YoY) and non-GAAP diluted EPS of $0.92 (up 7.0% YoY).

The company demonstrated strong bookings performance with a book-to-bill ratio of 1.33x. Global Business Services revenue was $1.67 billion (down 1.8% YoY), while Global Infrastructure Services revenue was $1.56 billion (down 8.5% YoY).

DXC has raised its full-year guidance, including adjusted EBIT margin to ~7.9%, non-GAAP diluted EPS to ~$3.35, and free cash flow to ~$625 million. For Q4 FY2025, the company expects revenue between $3.10-3.13 billion.

DXC has announced an extended partnership with Ferrari to develop next-generation in-vehicle infotainment systems. The collaboration focuses on enhancing the Human Machine Interface (HMI) systems for Ferrari's current and future models.

A significant milestone of this partnership is DXC's development of software for the Ferrari F80, launched in October 2024. The F80's digital cockpit system, powered by DXC's bespoke software, features multiple displays providing real-time performance data including speed, G-force, revs, and tire pressure. The system adapts between road use and track mode, offering an immersive racing experience.

The partnership, which began in 2021 with HMI systems reengineering, aims to ensure Ferrari's infotainment systems deliver superior automotive experiences while maintaining market agility.

DXC Technology (NYSE: DXC) has announced it will release its fiscal 2025 third quarter financial results on Tuesday, February 4, 2025, at approximately 4:15 p.m. ET. The company will host a conference call and webcast with senior management at 5:00 p.m. ET on the same day.

For the conference call, domestic callers can dial 888-330-2455, while international callers should use +1-240-789-2717, with passcode 4164760#. A live webcast will be available on DXC's Investor Relations website. A replay will be accessible until February 11, 2025, via 800-770-2030 for domestic callers and +1-647-362-9199 for international callers, using the same passcode. A transcript will be posted on the company's Investor Relations website.