What To Do After DXC Technology Falls By More Than 30% [Seeking Alpha]
DXC Technology Company (DXC)
Last dxc technology company earnings: 2/6 04:15 pm
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Source: Seeking Alpha
What To Do After DXC Technology Falls By More Than 30% Summary DXC stock fell hard after the company lowered its full-year guidance. The pace of cost-cutting did not match the rate of revenue decline. Valuations now align with lowered expectations ahead. The post-earnings performance in shares of DXC Technology reported Microsoft MSFT Alphabet's GOOG These partnership developments failed to impress investors and run contrary to DXC's lowered outlook. The company now forecasts revenue in the range of $20.2-20.7 billion, below the previous $20.7-21.2 billion. EPS will be $7.00-7.75, sharply lower than the previous guidance of $7.75-8.50. Growth of its cloud infrastructure, up 36% Y/Y, may not be enough to offset the slowing traditional infrastructure business. DXC blamed high client workload costs from legacy environments hurting the outlook. Such stranded costs are taking longer to work through than DXC previously expected. Staff automation initiatives are also taking longer to impleme
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DXC
News
- DXC Technology to Report Fourth Quarter 2024 Results on Thursday, May 16, 2024Business Wire
- CyCognito selected by DXC Technology as a Key Collaborator to Bolster Attack Surface Management in the Enterprise [Yahoo! Finance]Yahoo! Finance
- CyCognito selected by DXC Technology as a Key Collaborator to Bolster Attack Surface Management in the EnterprisePR Newswire
- French IT firm Atos was once a crown jewel valued at $15 billion. Now, it's drowning in debt and the government is helping it stay afloat [Yahoo! Finance]Yahoo! Finance
- French IT firm Atos was once a crown jewel valued at $15 billion. Now, it's drowning in debt and the government is helping it stay afloat [Fortune]Fortune
DXC
Earnings
- 2/1/24 - Beat
DXC
Sec Filings
- 4/4/24 - Form 8-K/A
- 4/1/24 - Form 3
- 4/1/24 - Form 4
- DXC's page on the SEC website