DXC technology Reports Very Strong Second-Quarter Results and Raises Business Outlook for Fiscal 2021
March 18, 2021, 5:44 am
- Revenues are $12.1 billion, an increase of 8% in U.S. dollars and 5% in local currency, approximately $140 million above the company’s guided range, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs –
- New bookings are a record $16.0 billion, a 13% increase from the second quarter last year, with record bookings in both consulting and outsourcing, at $8.0 billion each –
- GAAP EPS are $2.23, a 17% increase from $1.91 for the second quarter last year, including gains on an investment of $0.21 and $0.07, respectively; excluding these gains, adjusted EPS of $2.03 are up 10% from $1.84 in the second quarter last year –
- Operating income increases 11% to $1.65 billion, with operating margin of 13.7%, an expansion of 30 basis points –
- Company announces one-time bonus, equal to one week of base pay, for all people below managing director –
- Company declares quarterly cash dividend of $0.88 per share, up 10% from a year ago –
- DXC technology raises all elements of its business outlook for fiscal 2021; now expects full-year revenue growth of 6.5% to 8.5% in local currency; operating margin of 15.0% to 15.1%; GAAP EPS of $8.67 to $8.85; adjusted EPS of $8.32 to $8.50; free cash flow of $7.0 billion to $7.5 billion; and cash returned to shareholders of at least $5.8 billion –