Thread regarding DXC Technology layoffs

Well you guys can say whatever you want but that is not going to make any difference. If the analysts given an open forum cannot ask the right fiscal question then nothing is going to happen.

So mates, please go on and deliver to your customers.

Pure bull from Mike Salvino below, is he off his off his head in cloud cuckoo land or does he think everybody is on another planet?

The guy has some ba--s to invent new excuses every quarter and get away with it. He says DXC is in a good state then tells the employees its bad and he can't pay, wish he would stop lying to one group.

Mike J Salvino
"Lisa. Like I said, more to come. But like we're definitely not sitting here thinking that we're in a situation where we're in a weakened state.

We actually think we're actually in a pretty good state."

"Over the last few years, the company has made improvements in different segments of the business, but “spotty fundamental performance has persisted,” analysts wrote. Further, disappointing first-quarter results and a guidance slash make it difficult to support their thesis, they explained, which was built on revenue growth and other positive strides.

Analysts at Deutsche Bank struck a similar tone in a Thursday report, in which they downgraded shares to Hold from Buy and lowered their price target to $23 from $35. In March 2021, they upgraded shares to Buy, “on a turnaround story” with Chief Executive Officer Mike Salvino at the helm. However, since then, though improvements have been made in margins and free cash flow, among other areas, “progress has stalled and is now reversing,” Deutsche analysts wrote.

The CEO remains optimistic about the road ahead, analysts wrote, “but after several setbacks, we have lost confidence that the transformation journey is leading anywhere but further fits and starts.”

https://www.barrons.com/articles/dxc-technology-stock-analysts-7e1504b3

So the analysts have "lost confidence".... well that makes 130,000+ of us.

You do have to wonder at analysts who over the years have turned a blind eye to the fact the company has gone from $26B to less than $14B in sales while rivals continue to grow, analysts who seem to have swallowed the transformation/turning-the-corner/currency-headwinds/big-sale-just-missed-the-end-of-quarter-deadline story. Analysts who believe this every quarter. Then they ignore the $5.5B share buyback that leaves the company with a market cap of $4B. Or the TWO offers of $10B to buy the company that were declined. Then in the latest call they get fed the Platform-X is the savior story - an obsolete bunch of scripts that have stopped being used, or were never used in the first place! Why did it take a B team/summer-cover set of analysts to ask the hard questions after Mikey2 has spent 16 quarters making these excuses!!?

It's always the same, the street carries on blindly until one little crack appears that they grasp and suddenly the house falls down. It happened to M1 and now it's happened to M2.

Prior to that they just kept back slapping and riding the wave whilst the danger signs are all totally obvious.

Often it seems almost like the analysts don't actually want to draw attention to failure...

Yes, all these questions were asked. But too late realization by the b-m analysts. Is it because, the market cap is so low and there are not many institutional investors? Even if they are asking the questions, will they ever follow through in the next earnings call?

Ultimately, it up to the 130k sitting ducks to wake up and get engaged and ask the right questions in every forum.

But, alas most of you guys (located in expensive countries) are in your backyard chairs enjoying the summer. Most of Europe is on vacation half the time (thanks to your generous governments). UK is outstanding - talk queen's English and collect in GBP.

Added to that is APAC and middle East, mostly they are a company on their own.

This is such a complicated and complex place.

Platform-X was still touted in the analysts call and they had no clue.

I hope these analysts are in the next call as well asking similar questions based on the results. The 'normal' analysts attending past result meetings have been to soft in my opinion.

now even the analysts have turned on him, finally no longer believing the transformation/turned the corner/organic (?) growth story and have started downgrading DXC stock, mikey2 will have to quickly throw one or more of his execs to the wolves in order to survive - the new CFO? or someone else?

What about Rod Bourgeois, your mates are 2nd rate gang.

"I guess it's worth asking if the CFO transition contributed at all to the shortfall in the expectations, and then perhaps if something was learned about ways to kind of stay in front of that to be able to track these things to recognize them ASAP and make adjustments."

"I also want to get these investor questions in about whether the CFO transition had any impact and whether there were some lessons learned."