https://seekingalpha.com/article/4605942-dxc-technology-company-dxc-q4-2023-earnings-call-transcript
https://www.fool.com/earnings/call-transcripts/2023/05/19/dxc-technology-dxc-q4-2023-earnings-call-transcrip/
- [ ] Our new operating model gives our organization clarity and places seven of our most experienced leaders into the market focused on growth, differentiation, coaching our people and actively managing the details of our business.
- [ ] In FY23, our efforts to focus on our customers translated into revenue stability.
- [ ] We feel strongly that our revenue is now stable, is higher quality and is trending more towards GBS due to our customer delivery and our enhanced relationships we have developed.
- [ ] Our Net Promoter Score for the quarter was 29, which is near the top end of the industry benchmark range.
- [ ] we have seen the external perception of DXC change, so we hired an outside firm to do a deeper survey of our customers. What we got back gives us confidence that we are positioned for future success concerning revenues because our customers view the work we do for them as essential. They want us to help them evolve to their technology future and they trust us.
- [ ] We have built a team that knows how to drive cost optimization and expand margin … focused on staff optimization, contractors, real estate and data centers and third-party expenses.
- [ ] In the area of seize the market, our new sales approach is working as we have delivered another quarter of a book-to-bill over one. The relationship selling that we are doing in GBS delivered a book-to-bill of 1.04. The book-to-bill of GIS was 1.03
- [ ] Our FY24Q1 guidance is as follows. We expect Q1 organic revenue to decline minus 2% to minus 1%. We expect higher project revenues specifically in GBS and narrowing declines in ITO and Modern Workplace, ultimately improving organic revenue performance throughout FY24
- [ ] Turning to our FY24 guidance. Organic revenue growth of negative 0.5% to positive 0.5%, adjusted EBIT margin of 8% to 8.5%
- [ ] Due to all the work we did in FY23, we are well positioned for success in FY24. Our clear execution of our transformation journey by our talented team in FY23 has delivered a better culture, stronger customer relationships, a better sales model, revenue stability, expanded margins and free cash flow, and we've maintained our investment-grade credit profile while returning $1 billion back to shareholders.
- [ ] I'm happy that our focus in FY24 will not be on fixing challenges but delivering higher quality revenue, margin and EPS, expanded free cash flow and returning another $1 billion to shareholders while maintaining our investment-grade credit profile. I can tell you that my team is excited and proud because we've worked hard to get DXC to this point.
https://www.fool.com/earnings/call-transcripts/2023/08/02/dxc-technology-dxc-q1-2024-earnings-call-transcrip/