Hi Folks with the Investor presentation this week i need your help. All excuses have been used by Mikes already and i have used mine through the last 7 quarters. What do i make up now? Please please can you help. RF.
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With the results announced I'd just like to note that @a8 in the earlier post got it spot on - usual rubbish spouted about AI (50,000 staff GenAI ready, 92% delivery people trained and so on garbage) plus we got the "Bookings for GIS grew modestly year to year with a book to bill of 0.7 driven by a couple of large deals that got deferred out of the quarter, which we expect to close in the coming quarters" excuse and we can confidently predict these late bookings will never be referenced again. And of course the reliable "and returning capital to shareholders with plans to spend 150,000,000 on share repurchases in fiscal twenty twenty six"
But don't worry as the priority remains to achieve profitable growth ... after 33 consecutive failures it must be coming soon ... maybe ...
Given the share price is getting lower each day, now just $14.20 (didn't some article say that was a critical value?) and that's before the by all accounts poor results are announced on Thursday. You have to wonder how low will the share price be come Friday?
Stick to the classic regular one, we are slowing down the rate of decline, thats success, and its worth paying me a staggering $28million for that.
I'm only part time on this, i have my main sports business which takes precedence.
This week there is the major GIS announcement of "the new way of doing business" so that will be there.
The old one where DXC tried to sell stuff to customers who weren't buying has been replaced with the same thing but with lower costs.
AI is going to be used to fill in timesheets, do your annual ethics training and attend Town halls.
sorry - too busy ordering co-ktails in Aruba - please come back and check next quarter
most of the usual pathetic excuses have been covered in earlier replies, but don't forget "unexpected financial headwinds" and "several giant deals signed just after quarter ended" and use GenAI to generate the statement of course ensuring it has "Agentic AI" in every sentence.
No point announcing pay and travel freezes to keep costs "under control" as they have been a reality for 8 years. Could try what other companies have (illegally) done over the years, count future years revenue in multi-year deals in this year's numbers, a sort of Ponzi accounting. And of course announce a share buyback (because they have no idea what else to do with any spare cash they find down the back of the sofa), always goes down well with the market. Finally, announce some major transformational program (driven by Agentic AI?) that will result in better results and growth in 3-4 years time, to give you a few more years milking exec bonuses before you are found out and fired.
Take your pick - Weak dollar, uncertainty due to tariffs, open immigration policies, canceling work visas, additional costs to reopen offices, which will result in future growth from innovation & collaboration, high interest rates, inflation, …. But don’t worry because we gave all our money executives more stock and bonus money to keep them here, while pursuing high employee take out numbers to reduce cost and ignite growth. Future guidance is lowered - under promise and over deliver (or not). I think somehow they show some growth this time. But it’s a long-shot. AI and insurance will drive all growth.
Well two things you'll definitely hear are their two pronged strategy... Everyone doing 40 hours "training" and how the profits will accelerate by everyone going back to the (non existent) offices.
These two genius ideas will mean dxc passes Accenture in the next year
As we have run out of ideas What about platform Z where we go back to the future 15 years behind in time to reintroduce pods, do some musical chairs, and tell Wall Street we have new leaders, 3rd rated rejects from ex IBum on over inflated salaries who dont have a clue, and ways of working which will save the company.
Sorry forgot Mike did all the same before using Ex Accenture gang that means your just copying him.
Erm as you say, its getting tricky now. Surely them id--t analysts if they cant work out after 7 years of feeding them promises are quite stupid after all.
I hear they're going to blame timesheets being filled in incorrectly and staff not yet having gone back into the office.
Get Kamire to reverse the PowerPoint charts so that the revenue and profits are shown as increasing, dead simple and another example of the collaborative working we’re now adopting!