$DXC

3 stories mentioning DXCUpdated just now

Every FINWIRES story that references DXC, newest first.

DXC Technology Gets $213.6 Million From Tata Consultancy Services After Supreme Court Ruling

DXC Technology (DXC) said it has collected $213.6 million from Tata Consultancy Services following a Supreme Court decision that left in place lower-court rulings in a trade-secrets case involving a DXC subsidiary.The court declined to review a $168 million damages award in favor of DXC, which, with interest, resulted in the $213.6 million collected, the company said Tuesday in a statement.The US Court of Appeals for the Fifth Circuit had upheld findings that Tata Consultancy willfully misappropriated trade secrets, DXC said.Tata Consultancy didn't immediately respond to a request for comment from. The company said last week it booked an additional one-time charge of $70 million in fiscal Q1 2027 related to the case.Price: $8.27, Change: $-0.01, Percent Change: -0.18%

$DXC

Research42d ago

Research Alert: CFRA Maintains Sell Rating On Shares Of Dxc Technology Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our price target to $7 from $11, 3x our FY 27 (Mar.) EPS view, a deep discount to peers on DXC's high leverage and sales declines and below its three-year average (~5.6x) on elevated macro uncertainty and rising AI competition. We lower our FY 27 view by $0.63 to $2.43 and set FY 28 at $2.28. We see DXC as far behind peers competitively, demonstrated most clearly in Q4 FY 26 via (1) a 13.5% Y/Y bookings decline, similar to recent weakness, (2) a lower than expected win-rate during the quarter(32%) for DXC's $2B large deal pipeline, and (3) a 9% guidance miss for FY 27 FCF (~$600M, down 16% Y/Y). We expect an uncertain macro throughout FY 27 to continue extending client decision making timelines, especially in Europe and the U.K. (49% of Q4 sales combined) as the war in Iran brings higher energy prices, further pressuring bookings. DXC's AI products do not appear to be gaining traction at peers' rates, making the company look more vulnerable to fears of AI-based competition in the services space.

$DXC

Research46d ago

Research Alert: Dxc Sees Deteriorating Bookings, Provides Disappointing Fy 27 Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DXC's Q4 FY 26 (Mar-Q) revenue of $3.13B declined 1.2% Y/Y (-6.6% organically), missing Street expectations of $3.15B, with DXY's FY 26 organic decline showing a continued downward acceleration to 4.8% from 4.6% in FY 25. Non-GAAP EPS of $0.77 beat consensus of $0.70 but declined by 8.3% Y/Y. Q4 bookings of $3.3B fell 13.5% Y/Y, offsetting the positive milestone of DXC's book-to-bill (1.07x) exceeding 1.0x for the first time since Q4 FY 25. We expect continued pressure as deteriorating bookings performance raises concerns about future revenue visibility. Management's FY 27 guidance suggests ongoing headwinds, with revenue expected to decline 3%-5% organically, non-GAAP EPS guided to $2.65 at the midpoint (well below expectations of $3.06), and FCF of $600M (-16% Y/Y) missing expectations for $662M. While the company emphasizes AI initiatives including its OASIS platform, we believe the extended timeline for meaningful contribution (10% of revenue by Q2 FY 29) provides limited support.

$DXC

Track with the FINWIRES app suite

FolioX

Track DXC in your portfolio

WheelAI

Analyze DXC options with the wheel strategy

StockInsider

See market sentiment on DXC