Fasten your seatbelts for 2022Q1 results announcement on 4 Aug. How good do you think they will be considering the vast array of recent cost cutting decisions? Another book to bill of 1.3 while top line continues in free fall? And the bottom line? Red ink again?
OP @2phg+1bYu8caO . Yes, fasten your seatbelts and prepare your resumes.
Nah... DXC is [D]ecieptful e[X]ecutives in [C]harge
Through the grapevine: name change to be announced - DXC2
[D]eception e[X]tincts [C]ustomers and [C]olleagues
It's easy to hit the book to bill all you do is reduce the turnover every quarter.
Eg if you have 4billion turnover a quarter you need 4billion of new orders for a book to bill of 1.
But if your clever you reduce the turnover to 3 billion and you only need 3billion of new orders for a book to bill of 1.
So to make it look good the execs shrink the the turnover as much as they can, then its easy to get a book to bill over 1.
It's a fairly useless metric one which paints a false picture when turnover is declining, in fact the book to bill goes up when turnover declines.
You think the wall street analysts would pick this up by now it's just financial manipulations the company to make it look like a turnaround is in progress.
It's simple if the turnover is declining every quarter the company is in decline.
The true measure of book to bill it needs increased turnover and a book to bill above 1 if its turning around.
And we haven't seen that, big stock share bonuses should be linked to this!
To the original question. The analysts don't seem to have made the link between 'revenue stabilisation' and exec bonuses.... Just think how much execs would make if revenue ever actually climbs?
For sequential quarters the town halls would tout (up to March) book to bill @ 1.3 (or 30% more orders booked than invoices billed) 30% is a big number, if analysts don't start to question when that revenue increase will show.. Any analyst 'worth his salt' should be able rip M2 a new one during earnings call questions.
Run. Now. Don't stop until you're employed somewhere else. DXC remains the single worst employer I've ever worked for. I didn't manage two years before I quit, it really was that bad.
Just don't go there, unless you have absolutely no other option.
@1jvd+1c14DIPH I'm going to give it to you right now:
No pay raises, ever. Bonuses, including sales and commissions, are never paid out. Even by contract. Shareholders come first, then the executives, then the customers, and then you.
This company has a deep rooted culture and performance problem, which resulted in the revenue plummeting ever since its inception. Despite cosmetic changes, there have been no improvements in employee morale or productivity.
If you still wish to join, then I hope you land in a department that enjoys "management support". Otherwise, get ready for one heck of a ride. Aim as high as you can during the salary negotiations.
@1jvd+1c14DIPH, if you have two offers, take the other one!
Run away from DXC, join the smaller company.
Hello Guys - I have an offer from DXC for a senior Account Executive role. I am also sitting on another offer from a smaller company. Was wondering if anybody could share your view on prospects with DXC and financial health of the company .. now and future …
Usual "stabilization" of revenue compared to Q1 last year - so a drop of about $250M-$500M
Lots of noise of "sequential revenue increase" which is largely meaningless, plus "currency headwinds etc" style excuses and call-outs to any obscure areas that have improved
Will narrowly beat EPS estimates as usual because that's easy to achieve with financial "magic", and of course lots of "poised for growth", and "ready to launch/accelerate/execute" messages
M2 will hold it together to complete his five-year contract then after his five-year contract in the sixth year he will announce a major acquisition or merger where he becomes super CEO and hides all his mistakes
I predict:
So glad I left.
Well judging by all the "New Business Wins" emails (#propaganda) things are looking good for DXC, I predict a positive Q1 with a dividend to be paid out and more money for the top brass and nothing for us plebs