Managed services
Joseph F. Kovar
August 03, 2023, 04:46 PM EDT
‘We are taking the right steps to shape DXC into a company that consistently delivers revenue growth and expanded margins, EPS, and free cash flow. We are doing this by focusing on our high value growth business of GBS and fixing the historical challenges of our GIS business along with changing the revenue mix so that GBS represents the majority of our revenue,’ says DXC Chairman, President and CEO Mike Salvino.
Original Article:
DXC Faces Market Cap Loss After Earnings Miss and Guidance Cut
In a recent turn of events, DXC Technology has experienced a significant loss in market capitalization. The company’s market cap plummeted by $1.7 billion following an earnings miss and guidance cut.
DXC Chairman, President, and CEO, Mike Salvino, expressed his determination to overcome these challenges. He stated, “We are taking the right steps to shape DXC into a company that consistently delivers revenue growth and expanded margins, EPS, and free cash flow. We are doing this by focusing on our high-value growth business of GBS and fixing the historical challenges of our GIS business along with changing the revenue mix so that GBS represents the majority of our revenue.”
Salvino’s optimistic outlook suggests that DXC is actively working towards improving its financial performance and positioning itself for future success.
By Joseph F. Kovar | August 03, 2023, 04:46 PM EDT