Thread regarding DXC Technology layoffs

JP Morgan sees end in sight GBank still pumping

From the motely fool:

DXC Technology does IT services and consulting for companies around the world. This sounds like a solid business, but its sales and profits have been deteriorating over the past few years. Trailing-12-month sales have been dropping every quarter since the start of 2020, with gross profits moving in the same direction. It also has $6 billion in debt on its balance sheet. This does not bode well for the company's future prospects.

Now what

DXC Technology Company actually generated $2.5 billion in free cash flow in fiscal year 2020 (encompassing the calendar year 2019), which looks great relative to its $10 billion market cap. However, with deteriorating financials, it is unclear whether the company will ever get back to those profitability levels, making this likely a bad bet for anyone looking to make buy-and-hold decisions for the long term. g

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https://www.fool.com/investing/2021/08/17/why-dxc-technology-stock-slumped-on-tuesday/

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