Best economy in decades and their focus is more cost take out for the next six months. Sheesh
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GBS revenue down 2.4%
GIS revenue down 11.0%
Non-GAAP EPS down from $1.93 to $1.74 in the year ago period.
Net income in the quater was $168M down from $266M in the same period last year.
Adjusted EBIT is $652M compared to $803M in the prior year.
Net Cash $66M compared to £369M in the period a year ago.
Result?
$451M goes to shareholders including $51M in common stock dividends.
Gotta love how Mikey says “Digital pipeline growth of 80%”. That’s a complete and utter lie. He and Saleh directed all industry leads to put vapor into the pipeline for Q2–whether it was real or not (none of it is). It’s time for a full-fledged SEC investigation for deceiving the analysts and investors.
DXC Technology (NYSE:DXC):
Q1 Non-GAAP EPS of $1.74 beats by $0.03
GAAP EPS of $0.61 misses by $0.32.
Revenue of $4.89B (-7.4% Y/Y) beats by $30M.
https://www.youtube.com/watch?v=f9OT0HTauKU
Results will be:
Revenue down; profit down; employees down; new hires down; legacy IT down; Digital up ( that's BS);
morale down; real estate down; EU employees down; pay down; raises down ( never existed); training down ( never existed); salespeople down; delivery resources down; contracts down; stock down.
CEO pay up; HR VP pay up; CFO pay up; more steaks on order; more martini's ordered; more houses bought.
“We don't make mistakes, just happy little accidents.”
Depends on Mike's "Creativity".
I think they brought Gordon Ramsey in to help....