DXC Technology

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DXC Technology Company
TypePublic
IndustryIT services, IT consulting
PredecessorsComputer Sciences Corporation
Hewlett Packard Enterprise
Electronic Data Systems
FoundedApril 3, 2017; 4 years ago (2017-04-03)
Headquarters,
United States
Area served
Worldwide
Key people
Mike Salvino
(President and CEO)[1]
Services
RevenueDecrease US$19.58 billion (2020)[2]
Decrease US$1.00 billion (2020)[2]
Decrease US$−5.37 billion (2020)[2]
Total assetsDecrease US$26.01 billion (2020)[2]
Total equityDecrease US$4.79 billion (2020)[2]
Number of employees
138,000 (March 2020)
Subsidiaries
Websitewww.dxc.technology
Footnotes / references
[2]

DXC Technology is an American multinational corporation that provides business-to-business information technology services.[3]

History[edit]

Creation[edit]

DXC Technology was founded in 2017 when the Hewlett Packard Enterprise Company (HPE) spun off its Enterprise Services business and merged it with Computer Sciences Corporation (CSC).[4] At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.[5]

The spinoff from Hewlett Packard Enterprise did not include two parts of the Enterprise Services segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group.[4]

In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and reduce headcount by 5.9% (around 10,000) employees.[6] With about 43,000 employees (more than 1/3rd of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[7]

In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[8]

In 2019 Mike Salvino was named president and CEO of DXC Technology. He previously served as group chief executive for Accenture Operations. [9]

Acquisitions[edit]

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions.[10]

In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[11]

In January 2019, DXC Technology acquired Luxoft . According to the information from SEC database, DXC Technology now owns 83% of Luxoft shares. The eventual close of the deal was in June 2019.[12]

Programs and sponsorships[edit]

Dandelion Program[edit]

Piloted in Adelaide, Australia, in 2014; the DXC Dandelion Program has grown to over 100 employees in Australia,[13] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[14]

Sport[edit]

The company sponsors Team Penske[15] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[16] DXC is also a partner of Australian Rugby Union team Brumbies.[17]

See also[edit]

References[edit]

  1. ^ "DXC Executive Leadership". DXC Technology. Retrieved February 28, 2021.
  2. ^ a b c d e f "DXC Technology Annual Report 2020" (PDF). DXC Technology. Retrieved April 13, 2018.
  3. ^ "DXC Technology - Company profile". Fortune. Retrieved March 17, 2019.
  4. ^ a b "DXC Technologies finalizes $5B spinoff of health, human services business". Virginia Business. October 5, 2020. Retrieved October 27, 2020.
  5. ^ "Newly-formed DXC to reskill its staff, operations". India Times. April 5, 2017. Retrieved March 17, 2019.
  6. ^ "7 top IT firms to lay off 56,000 this year, new tech and Trump's policies blamed". Hindustan Times. July 19, 2017. Retrieved March 17, 2019.
  7. ^ "As DXC cuts jobs, India amongst the most hit". India Times. June 13, 2019. Retrieved June 18, 2019.
  8. ^ "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. March 6, 2019. Retrieved March 17, 2019.
  9. ^ "Mike Salvino Biography". DXC Technology. Retrieved April 23, 2021.
  10. ^ "Channel Beat: DXC Buys Tribridge, Symantec Acquires Fireglass And Cisco's Channel Chief Discusses The Intuitive Network". CRN. July 17, 2017. Retrieved March 17, 2019.
  11. ^ "DXC (DXC) Down 1.9% Since Last Earnings Report: Can It Rebound?". Nasdaq. December 6, 2018. Retrieved March 17, 2019.
  12. ^ "DXC Technology Completes Acquisition Leading Digital Innovator". businesswire. June 14, 2019.
  13. ^ Corner, Stuart (July 30, 2019). "DXC teams with Autism NZ for skills training". Computerworld. Retrieved November 3, 2020.
  14. ^ Paredes, Divina (December 9, 2018). "DXC launches program to help people on the autism spectrum build ICT careers". CIO. Retrieved November 3, 2020.
  15. ^ "TEAM PENSKE PARTNERS". Team Penske. Retrieved January 9, 2019.
  16. ^ "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved January 9, 2019.
  17. ^ "Our Partners - Brumbies Rugby". Brumbies Rugby. Archived from the original on July 9, 2017. Retrieved January 9, 2019.

External links[edit]