Why DXC Technology's Stock Fell As Much As 17.5% Today [The Motley Fool]
DXC Technology Company (DXC)
Last dxc technology company earnings: 2/6 04:15 pm
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Source: The Motley Fool
Why DXC Technology's Stock Fell As Much As 17.5% Today A new CEO looks like bad news to some investors and analysts. Shares of DXC Technology ( NYSE:DXC ) crashed as much as 17.5% on Thursday, following news of the IT services specialist ushering in a new CEO. By 2 p.m. EDT, the stock had recovered to a milder -- but still drastic -- 12.4% drop. Mike Lawrie had served as DXC's CEO since the company was formed in 2017, merging Computer Sciences Corp. with the enterprise services arm of Hewlett Packard Enterprise ( NYSE:HPE ) . Lawrie came in as the CEO of Computer Sciences, having held that title since 2012. His retirement from the CEO and president posts is immediate, followed by his leaving as chairman of the board at the end of 2019. Mike Salvino is taking the reins, having spent roughly four months on the company's board. He comes with three decades of industry experience; the board had been looking for Lawrie's successor for a full year. A couple of analyst firms downgraded DXC'
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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