DXC traded around $59 per share in 2017 and spiked to $96 per share in 2018. But since then, save for a surge during the 2021 tech bo-m, it has been a long, slow decline. On April 30, it closed at an all-time low of $11.32 per share -- that is since it went public as DXC in 2017.
On an average annualized basis, DXC stock has dropped 17.7% per year over the past nine years.
Quite impressed by the share price being currently lower than pre internet age CSC.
There's thirty years down the toilet.
@j3 why would they invest in carbon units when you're all going to be replaced with silicon units.
AI and machine learning will replace any IT design, build or support jobs.
The future is bleak if you're in IT, get out now and retrain as a plumber, electrician, anything that cant be automated.
@hn The company is it's employees. We have no product that we sell other than staff hours. They seem to have forgotten what we sell, and where the investment should be focused.
Analysts expect earnings of 70 cents per share on revenue of $3.15 billion, down from $0.96 per share and $3.19 billion in the prior quarter. The sequential declines would mark the fourth consecutive quarter of year-over-year revenue contraction
Atos was in much worse shape and even they could afford 8-10% raises on a regular basis, because they understood how crucial are employees for the company.
@gd we do legacy things in legacy ways for slow, and risk adverse clients who would just rather nothing ever changes, yet grumble constantly that it's all very old fashioned and slow around here.
Hopefully my client will be run off sooner than a year. I want out before this year is done.
I'm not going to waste my time on training for skills nobody wants because they have never been used in real life. Been there, it's totally demoralising.
Lets be honest here, DXC is probably beyond saving now, it's just a matter of when.
Its way behind the curve on offerings, year on year contraction, multi account run-offs, the smart people have left, those left are waiting for WFR or retirement.
Morale is rock bottom, quiet quitting everywhere you look and a general malaise throughout.
DXC is still seen as that legacy IT company even with "Oasis" (platform-X rebranded ?)
Give me 12 months todo all the training and get certified on what I'll need going forward and I'll be gone too !
The other day Derick the di-k said he they couldn't give raises because off large contract run offs, but this has all been sorted and he sees growth.
Total lies as Salvi said the same thing 4 years ago and still no growth today.
They like to take their big money so they lie to everyone else.
They have been saying the same b4ll for the last 9 years, like a broken record.
How can you do a job and after 3 years your still shrinking the company, a decent Chief officer turns the ship around in 12 to q8 months, clearly Rahul isnt upto it.
Nobody believes a word of what he says or any of his useless preeks do. A cr-p management team of failures.
DXC has reclaimed nearly 50% of outstanding shares since 2017. A goal of M2 was to take the company private. Recently there was some buzz about share buybacks not making a dent because of all the shares given to new executives. But, it seems the trend continues.
Stock prices reduction is also because they spun off large chunks of revenue along with the pieces of the company.
Shares outstanding:
2026 (Jan): 169.76 Million
2025 (Jan): 181.02 Million
2024 (Jan): 182.87 Million
2023 (Jan): 227.68 Million
2022 (Jan): 244.48 Million
2021 (Jan): 254.59 Million
2020 (Jan): 253.72 Million
2019 (Jan): 268.27 Million
2018 (Jan): 330.26 Million
2017 (Aug): 329.10 Million
Well, we can buyback the stocks or let the money be Looted by the execs as bonus. You Guys Decide which was better.
it's even worse, as DXC has been (wasting) its positive cash flow with share buybacks in large amounts ($5B+) over the past 9 years - since 2022 alone it has retired > 30% of the shares outstanding at that time