I still don't see how you can make your debt claims
Paid off 6.5 with 4.5 to go
What other companies have this debt level? On the other hand if the school pension fund is going to give you money to acquire another company and fire a whole bunch of employees to prune the tree why not do it
Salerno is the wrong guy and no doubt he will get 5-year contract extension
Don't be surprised Salerno also makes 50 million per year
Tcs hcl wipro Infosys Accenture cap Gemini KPMG cognizant none of these have 12 billion dollars in debt none of them have 1 billion dollars in debt whom are you comparing to? The s&P 500 you can't compare a pharmaceutical company with a railroad
Have not read, has he dropped the revenue 'stabilisation' label for reducing $$$?
You've seen the transcript today yes?
Apparently fy21 was damage control, fy22 is prepare for growth and fy24 is where growth happens.
Nobody asked what fy23 was i noticed.
The bill for transformation in fy22 will be five hundred million, down from the one billion of each year since 2017.
It sounds like plan, just a plan without much color. Very dxc I guess!
How long can a company say they are in transformation, especially since we market digital transformation to other companies?
In 2020 the average debt to ebitda ratio of fortune 500 companies in the IT sector is 1.63.
DXC is below that average at almost 1.
The debt ratio is different across different industry sectors too but at 1 dxc is actually running lower than any sector in the fortune 500.
I'm sure you've asked about this before...
There are so many things wrong with dxc but their debt strategy is not one of them. If you were to criticise it it would be that extension of the debt to grow the company would not be a bad idea. Too little debt means you aren't able to think of ways to grow...
About 7bn would be where I'd expect dxc to be. Maybe they have a war chest for a big buy or maybe it's our bonus checks lol