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.
Title: DXC Faces Market Cap Loss Following Earnings Miss and Guidance Cut
In recent news, DXC Technology, a leading provider of managed services, experienced a significant decline in market capitalization. The company lost $1.7 billion in market cap after reporting an earnings miss and cutting its guidance.
DXC Chairman, President, and CEO, Mike Salvino, expressed confidence in the company’s ability 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.”
While facing setbacks, DXC remains committed to transforming its operations and positioning itself for long-term success. The company aims to prioritize its high-value growth business and address any existing obstacles to ensure sustained revenue growth and improved profitability.
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