DXC's Q4 earnings decline year over year primarily due to lower revenues and a higher tax rate, which more than offset the benefits of a lower share count.
Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and Microsoft The multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus.
Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates.
DXC Technology (NYSE: DXC ) stock is down on Friday following the release of the information technology company's earnings report for fiscal Q4 2024. The bad news for DXC stock starts with its fiscal Q1 2025 guidance.
DXC Technology Company (DXC) Q4 2024 Earnings Call Transcript
While the top- and bottom-line numbers for DXC Technology (DXC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
DXC Technology Company. (DXC) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.83 per share.
IT management firm DXC Technology forecast first-quarter revenue below estimates on Thursday, anticipating cautious spending by clients due to macroeconomic uncertainty.