Then of Course DXC puts out a SEC Filing
DXC Technology Company (“DXC” or the “Company”) is clarifying the statement issued earlier today in its Form 8-K. Today, the Company is reaffirming guidance for earnings per share of $7.75 to $8.15 for Fiscal 2019, and that it is trending toward the higher end of that range.
Read of full details on Yahoo.com Finance
Shares of DXC Technology (NYSE: DXC) slumped on Wednesday after the head of DXC Americas left the company, according to a memo seen by The Register. The stock was down about 18.4% at 12:00 p.m. EDT.
So what
DXC, which was formed by the merger of Computer Sciences Corporation and the former enterprises services business of Hewlett-Packard Enterprise, has seen multiple executives leave this year, including the head of global sales in April. DXC Americas head Karan Puri, who joined the company in January, is now being added to that list.
A memo from CEO Mike Lawrie obtained by The Register announced the news: "Today I am announcing that Karan Puri will be leaving DXC Technology at the end of this week. I know you will join me in wishing Karan well in his future endeavors."
The memo goes on to talk about areas of focus for the Americas region, which include hitting its targets for the year, installing a results-oriented management, and becoming the digital transformation partner of choice.
The Register pointed to a double-digit sales decline in the Americas region as a possible reason for Puri's departure.