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 (DXC) delivers independent IT services and digital transformation solutions for global enterprises. This news hub provides investors and technology professionals with timely updates on strategic developments, financial performance, and industry leadership.
Access official press releases and curated analysis covering cloud migration initiatives, cybersecurity partnerships, and enterprise IT modernization programs. Our repository tracks critical updates including quarterly earnings disclosures, leadership changes, and major client engagements.
Key content categories include service innovations across Global Business Services, infrastructure modernization projects, and strategic alliances with technology providers. Bookmark this page for consolidated access to DXC's operational milestones and market positioning updates.
DXC Technology reported mixed results for Q1 FY24. Revenue was $3.45 billion, down 7.0% year-over-year and 3.6% organically. Diluted EPS was $0.17, while Non-GAAP Diluted EPS was $0.63. The company generated $127 million in operating cash flow and $(75) million in free cash flow. DXC achieved a book-to-bill ratio of 0.89x for the quarter and 1.03x for the trailing twelve months.
Key highlights include:
- Repurchased 11.0 million shares for $280 million
- GBS segment revenue down 3.1% but up 3.3% organically
- GIS segment revenue down 10.6% and 9.9% organically
- Reduced FY24 guidance due to challenging economic environment
DXC remains committed to completing its $1 billion share repurchase program in FY24.
FAQ
What is the current stock price of Dxc Technology (DXC)?
What is the market cap of Dxc Technology (DXC)?
