- after firing 90% of the legacy staff mostly from EDS since the CSC staff has already been purged. DXC Luxoft plans to bring in 3 billion dollars of revenue and that plus the cloud revenue or digital revenue will increase to 100
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Just more Non-GAPP b—s—!
I plan to live forever. So far, so good.
BTW Luxoft guys, I love your enthusiasm.
Its short lived though. You will soon have a visit from the WFR fairy, who will drain every piece of enthusiasm from you and decimate your sales team.
And that will be the end of you. No $3bn, no jobs, no future.
Your super enthusiastic former CEO will be off spending his millions in whichever tax haven he chooses - by the looks of things, he knows how to play that game already.
"DXC Luxoft plans to bring in 3 billion dollars " plans and doing is totally different . I planned to win the Lottery and retire at age 30 and that hasn't happened either
More likely DXC will end of with 100 of something else:
- could be employees
- and or maybe 100M revenue (only off by one order of magnitude)
- possibly 100% negative rating from customers.
If the Jim Smith who posted this entry is the current EVP of Digital Transformation and Customer Advocacy at DXC; the same Jim Smith who was the former EVP and general manager of GBS at CSC, then sorry, you are mistaken. Even if you're a different Jim Smith, you're still mistaken. No, you're actually delusional.
There's no way DXC is ever going to become a $100bn company, with or without help from Luxoft.
As other's have posted below, notably @10JxX4Fl-xlu, based on DXC's current market standing and credibility, cloud / digital revenues will be limited. So where exactly are these additional sales going to come from?
Indeed, irrespective of where you host services, be that AWS / Azure or your own cloud platforms, you need customers who believe you can deliver the solutions and services they need, at a price they're prepared to pay.
Apart from recent failed bids, you may have noticed existing customers (as much as investors), are starting to vote with their feet. So how do you intend turning this around?
Ah yes, I see, having rid the company of 90% of it's technical staff (which you disdainfully call legacy), you've pinned all your hopes on service automation. That'll solve everything!
The Emperor's New Clothes comes to mind...
$700M to $3B is possible by 2022 *only if Luxsoft revenue doubles every year!
The Q1 earnings 'anticipated' $700M for 2020 > $1,4B for 2021 and finally $2.8B for 2022
I know past performance is never the best indicator, but has this guy achieved anything like that level of growth with any business group since 2012?
I believe Luxsoft could do it, but not under the current leadership!
Yup, DXC is 100% digital when everything else is broken, burnt and dumped leaving a $5bn trainwreck at the end.
Growing a company to $5bn would be pretty impressive but reducing a $27bn one by your own hand to $5bn is rather less so.
Its one thing to say that traditional revenue is naturally declining, its another to throw it away yourself - particularly when the very clients you have p1ssed off are the ones you are trying to sell more stuff to later - well, assuming that you want Fortune500 clients....
Cloud revenue or so called "digital" revenue in reality is somewhere in the order of $3B-$5B at best
Rest is traditional and is declining rapidly ($2B-$4B a year) so DXC will never reach $100B sales or probably even $30B sales, it will dip below $20B this year and $15B within 18 months.