DXC Technology Lifts FY Profit Outlook, But Cuts Revenue Guidance

While reporting its results for the third quarter on Wednesday, DXC Technology Company (DXC) revised its full-year outlook. The company increased its adjusted earnings guidance, but lowered its revenue guidance range.

The company now expects adjusted earnings of $3.64 to $3.69 and revenues of about $16.4 billion.

Previously, the company expected adjusted earnings of $3.52 to $3.72 per share and revenues of $16.4 billion to $16.6 billion.

Analysts polled by Thomson Reuters currently estimate earnings of $3.67 per share on revenues of $16.47 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ... Societe Generale Group reported Wednesday a weak profit in its fourth quarter, despite higher net banking income. Further, the French Financial services major proposed a dividend and around 440 million euros share buyback program. The company also confirmed fiscal 2025 financial targets. City of Industry, California-based Titans Global Inc. is recalling certain JSJ branded cakes citing potential to contain undeclared eggs, a known allergen, the U.S. Food and Drug Administration said. The recall involves its 95g packages of JSJ Chocolate Cake, JSJ ZSR Cake, and JSJ DMC Leaf Cake food treats.
Follow RTT