DXC Stock Recent News

While weakness in the traditional business and tepid IT spending are likely to have hurt DXC Technology's (DXC) top line in Q2, cost-saving initiatives and lower share counts may have aided the bottom line.

ASHBURN, Va.--(BUSINESS WIRE)--DXC Technology (NYSE: DXC) today announced that it will release financial results for the second quarter of fiscal year 2024 on Wednesday, November 1, 2023, at approximately 4:15 p.m. Eastern Daylight Time (EDT). DXC Technology senior management will host a conference call and webcast on the same day at 5:00 p.m. EDT. The dial-in number for domestic callers is 888-330-2455. Callers who reside outside of the United States should dial +1-240-789-2717. The passcode f.

Danaher Corp. DHR, -0.10% spinoff Veralto Corp. VLTO.WI, +5.02% will be added to the S&P 500 before trading Monday, when it replaces DXC Technology Co. DXC, +0.59%, which in turn will move to the S&P SmallCap 600 prior to Tuesday trading. DXC Technologies will replace Ebix Inc. EBIX, -2.48% in the S&P SmallCap 600, also effective before trading Tuesday.

DXC has been under pressure amid falling sales and poor earnings. Management is attempting to streamline the operation by focusing on the strengths in its core Global Business Services segment. The stock has turnaround potential, but will need a few quarters of positive results to convince the market.

DXC Technology Co. investors were having their worst day in four years after the information-technology consultant missed fiscal first-quarter earnings expectations and slashed its full-year outlook due to particular weakness in its cloud and outsourcing businesses.

The information technology consulting firm missed earnings expectations and slashed its full-year guidance, and Wall Street isn't pleased.

Although the revenue and EPS for DXC Technology Company. (DXC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

DXC Technology Company (NYSE:DXC ) Q1 2024 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants John Sweeney - VP, Investor Relations Mike Salvino - Chairman, President and Chief Executive Officer Rob Del Bene - Executive Vice President and Chief Financial Officer Conference Call Participants Zachary Ajzenman - Cowen Rod Bourgeois - DeepDive Equity Research Keith Bachman - BMO Capital Markets Lisa Ellis - Moffett Nathanson Operator Hello and welcome to the DXC Technology's Q1 Earnings Call. All lines have been placed on mute to prevent any background noise.

DXC Technology Company. (DXC) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.82 per share.

While business divestitures and weakness in the traditional business are likely to have negatively impacted DXC Technology's (DXC) top line in Q1, cost-saving initiatives and lower share counts might have boosted the bottom line.