Anybody else worried about what will happen after second quarter results are announced by DXC in ten days? It doesn't take a psychic to know that they will not be good, to put it mildly. Anybody wants to bet that we will have a reactionary layoffs round within a few days of the announcement?
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Delivered on financial targets for fiscal 2017
• Q4 Non-GAAP EPS from continuing operations* of $1.15
• Q4 Consolidated segment adjusted commercial operating margin of 13.1%
• Q4 Adjusted free cash flow of $204M
• FY17 Non-GAAP EPS from continuing operations* of $3.10
• FY17 Consolidated segment adjusted commercial operating margin of 10.6%
• FY17 Adjusted free cash flow of $610M
1
2 FY17 CSC revenue up over 10.2% YoY in cc
3 Strong next-gen momentum with revenue up 75% YoY in cc
4 DXC Technology launched, now executing on merger plan
5 FY18 DXC Technology non-GAAP EPS from continuing operations target of $6.50 – $7.00
Stock Price didn't take any sizable hit either
https://www.google.com/search?q=dxc+stock+price&rlz=1C1GNAM_enUS685US685&oq=DXC+stoc&aqs=chrome.1.0l2j69i57j69i60j0l2.4331j0j8&sourceid=chrome&ie=UTF-8
I'd go for voluntary redundancy if it is available, been there for almost 11 years, should get around $40K. Then will go self employed contracting.
I wonder if Mikey will borrow that famous Meg-ism about 'strong currency headwinds' when they don't meet the numbers. That was always one of my favorites.
Q2 results : Nov 7, expect layoffs to increase from Nov 6 to Nov 17.
You forgot mikeys other tactic. Google "latest IT buzzword"... let's say IoT comes top this quarter. Next google "small IoT company". Then buy them and announce on the investor call that you are making a strategic next gen aquisition blah blah blah
Numbers will be good. Financials teams are "creative".
Mikey and co will always be fine. It is win win for them: success will be rewarded , failure will be a large cheque when walking out the door.
It is the way these things work. You picked up Peter H. and he was available because of his failure at Capita.
And there wont ever be a shortage of people putting themselves in the queue for such a position.
Life is Grand for those at the top. Mikey continues to push his pawn pieces around to cover his and the shareholders apples. He is going to trip up and when he does this puppy will TANK. Wait, Watch and See this before your eyes.
The layoffs are already in flight.
They always are ahead of Q results.
My prediction for the results... EPS up, revenue down 10% year on year. "Everything going according to plan" says Mikey. Look as the UPS sell off, look at the shareholder value. Distract, distract, asset strip.
Everything is amazing.
The layoffs are in flight because if an analyst asks "what about falling revenues?" the answer is ready to roll... "I have instigated headcount reduction"
BTW this (minus the specifics of the UPS sell off) is the pattern for the last few years of CSC and definitely the pattern for DXC ongoing.