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Stock impact report

DXC raises annual forecast on robust cloud demand [Yahoo! Finance Canada]

DXC Technology Company (DXC) 
Last dxc technology company earnings: 2/6 04:15 pm Check Earnings Report
US:NYSE Investor Relations: dxc.technology/investor_relations
on Thursday, driven by steady enterprise spending on its cloud-based solutions. Businesses' heavy investments in artificial intelligence have resulted in increased demand for cloud computing services that power the technology, benefiting companies that offer cloud infrastructure solutions, such as DXC Technology. DXC has also benefited from a surge in demand from enterprises as they upgrade and outsource their IT infrastructure, further boosted by AI advancements. "We're embedding AI across our solutions and combining it with our full-stack expertise to help clients unlock insights and drive outcomes," said CEO Raul Fernandez. The company provides consulting and engineering services as well as insurance software services as part of its legacy IT outsourcing business. DXC now expects annual revenue in the range of $12.61 billion to $12.87 billion, an increase from its prior projection of $12.18 billion to $12.44 billion. It sees second-quarter revenue between $3.15 billion Show less Read more
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