Earnings Call Summary

After those massive share buy backs the earnings figures are looking good to support the share price, the share price jumped up initially before they went through the actual detail.

Going through the detail it became clear further shrinkage ahead, terrible book to build under 0.8 (were improving margins ha ha), proof that the new VP appointments are useless overheads. Raul tried to string along the analysts by saying that the pipeline is growing but couldn't give any evidence.

The analysts tried to get more detail about new contracts and margins etc, but Raul just waffled rubbish. Del Bene had to intervene a couple of times.

Raul bulled on future wins, AI, labour, new contracts, removing costs, and the usual.

Its obvious Raul is just holidaying around the world and doesn't know what's going on, his stringing along Wall Street to another quarter, credit to Del Bene who was much more sharper and on the ball.

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1hpn+1tU02lDZ the xls file is there I looked at it last night. Also the biggest difference between GAAP and Non-GAAP was the amortization of Intangible Assets.

The continued highlighting and now separate reporting of insurance and BPS implies their sell off is still the plan even if they haven't found a buyer yet

CEO commits in call to put xls on the dxc IR website for the “convenience of the analysts”. It is not there!! And where is the powerpoint/pdf that highlights the quarterly results? this ppt was there every quarter for the last 7 years. What is going on and what about transparency and integrity?

Any risk that the thorough due diligence by Kyndryl and Apollo (-the deal is off-) would disclose some serious anomalies between what is actually in the books and the non-GAAP stuff that is “reported” to the analysts?

Any other thoughts?

To play devils advocate book to bill is always low in Q1 & Q2 since customer renewals are weighted to the end of the year.

There will be no merit pay increases, why should they as you all still support our customers enough for the board and executives to get huge salaries, bonuses and travel the world

Looks like from the EPS figures they are well in place to issue pay raises.

With earnings of 3USD the share price can be supported to 35 to 40USD if anyone has any confidence in what Raul says.

If Raul has confidence in himself he should make the pay announcement now, its already 5 months overdue.

We shall see if he believes in himself.

GBS --> Segment profit was $181 million, down 6% year-over-year, with a corresponding margin of 10.8%

GIS --> Segment profit was $114 million, UP 25% year-over-year, with a corresponding margin of 7.3%

GIS is where I used to work as well, the real reason why DXC still exists

Thread regarding DXC Technology layoffs

Earnings Call Summary

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