"I am pleased to report another quarter of solid results, with adjusted EBIT margin and non-GAAP diluted EPS exceeding our guidance, and revenue coming in toward the high end of our range," said DXC Technology President and CEO, Raul Fernandez.
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: @1tsy+1vnSpiT6 I picked 90K as it was an easy round number. I made more than that when I left DXC in June of 2022 as a Storage guy. Their were a lot more in my team that made way more than that as well
Low cost countries are use because your cheap and we know it might take 2 or more people to do the job of one, but you are so cheap it doesn’t hurt the bottom
line
so another set of very poor results - nearly $200M decline in revenue, GIS still in freefall with 10% decline and a book-to-bill now just 0.69 and GBS not quite treading water with revenue decline and book-to-bill below 1.0
and a great quote from the esteemed new(ish) CEO "...As a result, we have seen meaningful reduction in contract terminations ..."
when thats the highlight of a earnings call you are in deep trouble long term ...
"not much of a pay increase when your making $90,000.00 a year"
Not many in dxc make that kind of money. Hardly anyone across the majority that work in "low cost" locations does so su-k it up princess.
BTW you won't get that much anyway. It will be 1% all round in any non low cost place. The cheap guys will get a higher percentage.
500 million is only 3,846.15 per person, not much of a pay increase when your making $90,000.00 a year
WFR active in the UK... cant be that good.
Chapter 11?
Keep on offshoring!!! Our customers don’t recognise us locally any longer and are moving to smaller providers they can “see”.
Correct figures are higher beating forecast by $0.21cents per share, DXC making good money, with them beating forecast by 20%+ profit and free cash flow increased by $100 to $550million. Free cash flow is exactly whats left after paying all the bills.
$550 MILLION they have from which they can do raises!!!!!
BULLSH-T LIES IF THEY SAY THEY DONT HAVE THE MONEY OR THAT THEY CANT AFFORD RAISES!
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DXC Technology (NYSE: DXC) reported Q2 EPS of $0.93, $0.21 better than the analyst estimate of $0.72. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.2 billion.
Pay rises sound good, but the company seems skint...
DXC Technology Company Q2 Income Falls, Misses Estimates
WASHINGTON (dpa-AFX) - DXC Technology Company (DXC) released a profit for second quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $42 million, or $0.23 per share. This compares with $99 million, or $0.49 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.7% to $3.241 billion from $3.436 billion last year.
DXC Technology Company earnings at a glance (GAAP) :
- Earnings (Q2): $42 million vs. $99 million last year. -EPS (Q2): $0.23 vs. $0.49 last year. -Revenue (Q2): $3,241 Bln vs. $3,436 Bln last year.