https://www.forbes.com/sites/peterbendorsamuel/2022/03/28/will-anyone-love-legacy-it/
Good description of what we've been seeing regarding downward spiral of cuts.
"By September 2019, this strategy had left DXC with negative growth, poor customer satisfaction, and accelerating customer flight"
But is anyone seeing the evidence of the "investor" behavior described in the article?
He also put out the “fire” of low employee morale by implementing a “people-first” strategy. [Eh? What!? When???] As a result, employee engagement increased 16% [Lol!] from 2019 through 2021. The firm won several awards in categories such as best place to work or best employer. [WTF!?!?!?!] Lol.
Was a good laugh. thanks, I needed that. Jesus.
With Mikey Screamer feeling the need to get positive press with this puff piece, he must be worried. Maybe he's packing his parachute.
Peter is ex EDS and CSC dxc was a client probably even EDS he met many times with Mikey 1 and spoke with Mikey Screamer or met in person. He's not going to bite the hand that feeds him even if he speaks about harvesting and consolidation. Do you seriously think Mike Screamer is investing?
IBM spinoff $3B market cap sales $20B employees 100K. Must be very low margin. Would you buy legacy computer room business from IBM? Why not sell off EDS CSC computer room business to Kydryl IBM spinoff? Is slow death a life? When you buy ATOS? McKinsey Lorie was right, get rid of old sh!t, let stock be lumpy, move forward. Mike Screamer run my old legacy business is wrong, organic growth not happening. Is Mike Screamer yelling today at AMS town hall?
"He also put out the “fire” of low employee morale by implementing a “people-first” strategy". PETER B S. you need to do some research instead of spouting the DXC Corp BS. The whole of DXC is on fire due to employee morale.
given DXC revenues continue to decline and Mikey2 is still forecasting another 12 months of decline, not sure the articles positive view of the world is totally accurate
share price is still at the same position as it was in Sep 2019 and 25% lower than what Mikey2 and investors declined to accept from ATOS 14 months ago
fyi Accenture is 35% higher share price now than when ATOS offered to but DXC for $10B, and 85% higher than Sep 2019 as a comparison
The only investments I see are shares and bonuses for the management.