Earnings
DXC's Insurance Revenue Jumped 23.1%, But A Contract Change Helped — And Consulting Goodwill Has 13% Cushion
DXC's growth unit got a lift from a favorable contract modification, while its Consulting unit's goodwill test cleared by 13%.
DXC
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Earnings
DXC Confirms 'Ongoing Discussions' On Sale Of Insurance Business, Cuts Full-Year Revenue Outlook
CEO Raul Fernandez opened the call by confirming talks, while revenue guidance fell to a 5% to 5.5% decline.
Earnings
DXC Cuts Revenue Outlook To A 5% To 5.5% Decline, And Its CEO Calls Some Lost Deals 'Self-Made'
The IT services company cut its full-year outlook after second-quarter bookings fell 10%, and its CFO said Americas competition has stiffened.
Earnings
DXC Confirms Talks To Sell Insurance Unit, Its Only Growing Segment, As Infrastructure Sales Fall 10%
Adjusted profit per share fell 20.2% and bookings slid 10% in the second quarter, while the insurance software unit grew 23.1%.