Another great quarter by a pair of dinosaurs…
https://dxc.com/us/en/about-us/newsroom/press-releases/08032022
https://investors.kyndryl.com/news-details/2022/KYNDRYL-REPORTS-FIRST-QUARTER-FISCAL-YEAR-2023-RESULTS/default.aspx
6 replies (most recent on top)
DXC has lost revenue pretty much every year for the last 4 years.
DXC Year-on-Year quarterly growth has been essentially 0 for the last 4 years.
DXC Net income has been a train wreck for the last 4 years
There is no transformation happening here... DXC are the Detroit Lions of the Tech World...perpetually rebuilding, but still stringing the faithful along...we'll kick the coach out in another year and bring in some new fresh face that'll let us pretend things are going to be different for a couple more seasons...
But hey....this year could be the year...right ? Season tickets are now available...
Even the Register is joining in on the DXC (and Kyndryl) bashing - been a while for them, they see both companies as stuck in a tar pit and basically doomed ...
https://www.theregister.com/2022/08/04/infrastructure_services_giants_still_being/
@rmd+1i3tcvtU:
"We have hired lots of talented execs - in delivery, COO, marketing etc. Definitely transformation is under full swing - patience is needed in any transformation - hang tight."
Please, tell me this is sarcasm! This was the message four years ago. Four years that have seen endless revenue decline, endless layoffs, and nothing in terms of reward for loyal employees. Four years where billable delivery teams have been made redundant, leading to yet more customers leaving, leading to yet more layoffs. An endless cycle of layoffs and cuts, leading to declining revenues.
I'm told DXC reads this board occasionally. So, Sal, I'll say this clearly: "You cannot cut your way to long-term growth." Most business leaders understand this lesson. There are times when precise, targeted cuts can be a good thing, - in cases where a particular unit isn't utilised or performing for example. But to continuously cut staff who are actively billing is insanity, it only leads to one outcome. That's the outcome that DXC is seeing right now, and appears to be the only outcome that the "leadership" wants.
We have hired lots of talented execs - in delivery, COO, marketing etc. Definitely transformation is under full swing - patience is needed in any transformation - hang tight.
"Our transformation is well under way....." Yeah, your "transformation" into BANKRUPTCY!! These HIGHLY OVERPAID blowhard executives get on these earnings calls and spew the same chit, OVER and OVER. SHAME, I say, on the Wall Street analysts for drinking this Koolaid. D-mb and D-mber was a great movie...but this "movie" absolutely SUCKS! Total assets of both companies DROP each and every quarter! WHO is "investing" in these losers?
... And you are dinosaur's excreta then. You are dxc - we are one dxc.