Thread regarding DXC Technology layoffs

Mixed results good to see orders rising

Mixed set of results

Book to bull up but revenues down and profit negative after write downs which no one ever seems to know what they relate to every quarter.

Quarterly revenue of $4.5 billion

New bookings $5.3 billion and book-to bill ratio of 1.2x

Diluted EPS was $(0.81) and non-GAAP diluted EPS are $0.21

Cash flow from operations of $119 million and adjusted free cash flow of $(28) million

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Verbally Sal acknowledges the staff but will we mean it and will get a decent rise? Or is it jus for Sal and Saleh to get the millions?

"Finally, I am very proud of how our people have been delivering for our customers during COVID-19.”

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| 2181 views | | 9 replies (last August 7, 2020) | Reply
Post ID: @OP+16jQLNey

9 replies (most recent on top)

What i hear is that The pipeline is completely fake as all staff with SICP are brutually forced to enter any lead as opprtunity. Moreover Opportunities are considered as committed Even when there is evidence that the deal will be lost. Looking fwd to Q2 results...

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Post ID: @1tzo+16jQLNey

Another mike bending the truth about employee engagement, the shareholders dont get told the reality.

Mike Salvino

"So, let me give you one – let me give you even a different stat. When I started, we took an employee engagement survey. We recently finished that. We've got our board meeting next week, and employee engagement is significantly up, significantly. And they're actually seeing the fact that the town halls that I'm doing, the town halls that the leadership team is doing, the engagement on how we've dealt with them during COVID-19, and also social injustice in matters. And they're definitely paying attention. I can't thank them enough because without them, right, we don't stabilize this revenue. Without them, we don't deliver for the customers. So, very pleased with our employees are engaged."

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Post ID: @1pel+16jQLNey

revenues down and profit negative - still means one thing - more WFR and offshoring US, European jobs to lower cost centres.

Also no investment, training or pay increases for the people working at the coal face.

Although on plus side means Sal and his management team earn more Millions whilst doing nothing to change the company around

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Post ID: @1khz+16jQLNey

Whatever comes out of that clowns mouth ignore it. It’s not sincere and definitely not in your best interest. If they can find a way to replace you they will.

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Post ID: @1zlr+16jQLNey

Mike says "Our people are the cornerstone to delivering for our customers. The investment we made to enable 99% of our workforce to work virtually has resulted in DXC delivering on our customer’s expectations during the COVID-19 pandemic."

What does he mean? What investment in the workforce? Has anyone had a chair, desk, or broadband paid for by the company. He makes so many of these staff claims which are not true. The staff dont get anything and aren't too pleased.

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Post ID: @1fgo+16jQLNey

Sal's just figuring out which levers to pull to financially engineer a higher stock price. Then after fooling Wall Street he too will ride off into the sunset with his stolen millions.

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Post ID: @1kpq+16jQLNey
  • tired of this Covid-19 c-ap .... am off to the pharmacy to get some Hydroxychloroquine !!
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Post ID: @1ldj+16jQLNey

Never ending money losing deals.

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Post ID: @1sku+16jQLNey

He said we have stabilized and now we can optimize. Good luck with that.

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Post ID: @qip+16jQLNey

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