DXC Technology

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DXC Technology
Public
Traded as
IndustryTechnology services
PredecessorsComputer Sciences Corporation
Hewlett Packard Enterprise
Electronic Data Systems
FoundedApril 3, 2017; 23 months ago (2017-04-03)
Headquarters,
Area served
Worldwide
Key people
John Michael Lawrie
(Chairman, President and CEO)[1]
ServicesIT consulting, management consulting, cloud infrastructure, operations, managed services and outsourcing services
RevenueIncrease US$24.55 billion (2018)[2]
Increase US$3.04 billion (2018)[2]
Increase US$1.78 billion (2018)[2]
Total assetsIncrease US$33.92 billion (2018)[2]
Total equityIncrease US$13.83 billion (2018)[2]
Number of employees
130,000 (Nov 2018)[2]
Websitewww.dxc.technology

DXC Technology is an international company that provides B2B IT services[3]

History[edit]

Creation[edit]

DXC Techology was founded in 2016[4] as the result of the spin-off of Hewlett Packard Enterprise's Enterprise Service segment[5] and its merger with Computer Sciences Corporation (CSC) and Electronic Data Systems (EDS). At the time of its creation, DXC Technology had revenues of $25 billion, 170,000 employees and operated in 70 countries[6].

The spinoff from HPE did not include two parts of the Enterprise Service segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group[5].

In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and to ask 5.9%, or 10,000, of its employees to leave[7].

In 2017, DXC split off its public sector segment and acquired two companies, Vencore Holding and Keypoint Government Solutions, to from a new company called Perspecta[8].

Acquisitions[edit]

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions[9].

In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM[10].

Sponsorships[edit]

The company sponsors Team Penske[11] with 2016 Champion Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[12] DXC is also a partner of Australian Rugby Union team Brumbies.[13]

See also[edit]

References[edit]

  1. ^ "DXC Executive Leadership". Retrieved 2019-01-09.
  2. ^ a b c d e f "Results for the Fourth Quarter and Year ended March 31, 2018" (PDF). DXC Technology. Retrieved 2019-01-09.
  3. ^ "DXC Technology - Company profile". Fortune. Retrieved 2019-03-17.
  4. ^ "DXC Technology - Company profile". Forbes. Retrieved 2019-03-17.
  5. ^ a b Cornell, Joe (2017-04-14). "Hewlett Packard Enterprise Completes Spin-Merger To Form DXC Technology". Forbes. Retrieved 2019-03-17.
  6. ^ "Newly-formed DXC to reskill its staff, operations". India Times. 2017-04-05. Retrieved 2019-03-17.
  7. ^ "7 top IT firms to lay off 56,000 this year, new tech and Trump's policies blamed". Hindustan Times. 2017-07-19. Retrieved 2019-03-17.
  8. ^ "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. 2019-03-06. Retrieved 2019-03-17.
  9. ^ "Channel Beat: DXC Buys Tribridge, Symantec Acquires Fireglass And Cisco's Channel Chief Discusses The Intuitive Network". CRN. 2017-07-17. Retrieved 2019-03-17.
  10. ^ "DXC (DXC) Down 1.9% Since Last Earnings Report: Can It Rebound?". Nasdaq. 2018-12-06. Retrieved 2019-03-17.
  11. ^ "TEAM PENSKE PARTNERS". Team Penske. Retrieved 2019-01-09.
  12. ^ "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved 2019-01-09.
  13. ^ "Our Partners - Brumbies Rugby". Brumbies Rugby. Retrieved 2019-01-09.