Wall Street expects a year-over-year decline in earnings on lower revenues when DXC Technology (DXC) reports results for the quarter ended December 2018.
Of course, we sell stuff we can't deliverer . The company is a joke , but my pay check comes 2 times a month till I am let go. So who cares if they make money or not
Jeez you don't need to be a Wall Street expert to spot the trajectory.... its the same trajectory as CSC had since Mikey rolled into town - 10% revenue drop every year... quarter to quarter or year on year.
Quite why those geniuses hadn't spotted this before I don't know... his "leadership" is an utter disaster and the "jam tomorrow" promises were never going to happen.
You can't cut costs and increase revenue.... certainly not at the slash and burn rate he's been doing.
CSC was 100,000 employees when he rolled up. It was 35,000 before the DXC merger.
DXC was 176,000 employees in May 2017, its now 120,000.
In his time he has fired over 110,000 people.
I'd be hard pushed to think of a company that has shed so many people in so little time.
Its in free fall with no end in sight other than a sticky one.
We are rapidly eroding our delivery capabilities. The best are leaving, and on top we are dropping bodies with no backfill. This further accelerates the best leaving (BTW - no B/S about DXC has no high skill resources left. You are simply wrong and not in a position to see these great resources). I see it every day. This is not sustainable long term, and possibly not even short term.
Expect maximum escalations and outages on key accounts in 5, 4, 3
DXC recent acquisitions is a typical management ploy and deflection tactic to mitigate the demise of their existing business. Mikey will use the recent acquisitions to dilute the decline in sales and services during the upcoming analysts meeting.
The stock has been rising since the analysts only look at the financials since Mikey has done a great job in wiping out costs ( employees) to help the bottom line. DXC is a pig with lipstick. Be aware if you kiss it.
Maybe which explains why Mikey is selling his mansion. He is bailing!
https://www.zillow.com/homedetails/8-Country-Club-Rd-Ridgefield-CT-06877/57343553_zpid/
"No raise for you!" (DXC HR Nazi)