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[1]
Area served
Worldwide
Key people
Mike Salvino
(President and CEO)[2]
Services
RevenueDecrease US$19.58 billion (2020)[3]
Decrease US$1.00 billion (2020)[3]
Decrease US$−5.37 billion (2020)[3]
Total assetsDecrease US$26.01 billion (2020)[3]
Total equityDecrease US$4.79 billion (2020)[3]
Number of employees
138,000 (March 2020)
Subsidiaries
Websitewww.dxc.com
Footnotes / references
[3]

DXC Technology is an American multinational corporation that provides business-to-business information technology services.[4]

History[edit]

Creation[edit]

DXC Technology was founded on April 3, 2017 when the Hewlett Packard Enterprise Company (HPE) spun off its Enterprise Services business and merged it with Computer Sciences Corporation (CSC).[5] At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.[6] By June 2021, the employee count of DXC has come down to 134,000.[7]

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.[5]

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.[8] 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.[9]

In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[10]

In 2019 Mike Salvino was named president and CEO of DXC Technology. He previously served as group chief executive for Accenture Operations. [11]

In February 2021, French technology services and consulting firm Atos ended talks for a potential acquisition of DXC.[12][13] Atos has proposed for US$10 billion including debt for acquisition.[14][15]

By June 2021, DXC has 98,000 delivery employees and 47,000 employees in the global innovation and delivery centres (GIDC). The largest among them is India, followed by the Philippines, Eastern Europe, and Vietnam. DXC is on a three-pronged acceleration journey – the first phase was the stabilisation phase that was completed in the financial year 2020-21.[16] The next one is the foundation phase. In the 2022 fiscal year, DXC expects to enter the acceleration phase.

Acquisitions[edit]

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions.[17]

In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[18]

In January 2019, DXC Technology acquired Luxoft. According to information from the SEC database, DXC Technology now owns 83% of Luxoft shares. The deal closed in June 2019.[19]

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,[20] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[21] In June 2021, DXC piloted the Dandelion Program in the UK.

Sport[edit]

The company sponsors Team Penske[22] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[23] DXC is also a partner of Australian Rugby Union team Brumbies.[24]

See also[edit]

References[edit]

  1. ^ "Dxc Technology Services LLC" Dun & Bradstreet
  2. ^ "DXC Executive Leadership". DXC Technology. Retrieved February 28, 2021.
  3. ^ a b c d e f "DXC Technology Annual Report 2020" (PDF). DXC Technology. Retrieved April 13, 2018.
  4. ^ "DXC Technology - Company profile". Fortune. Retrieved March 17, 2019.
  5. ^ a b "DXC Technologies finalizes $5B spinoff of health, human services business". Virginia Business. October 5, 2020. Retrieved October 27, 2020.
  6. ^ "Newly-formed DXC to reskill its staff, operations". India Times. April 5, 2017. Retrieved March 17, 2019.
  7. ^ "DXC Technology's number of employees from fiscal year worldwide from 2016 to 2021".
  8. ^ "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.
  9. ^ "As DXC cuts jobs, India amongst the most hit". India Times. June 13, 2019. Retrieved June 18, 2019.
  10. ^ "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. March 6, 2019. Retrieved March 17, 2019.
  11. ^ "Mike Salvino Biography". DXC Technology. Retrieved April 23, 2021.
  12. ^ "DXC Technology rejects $10 billion Atos bid, and Atos walks away".
  13. ^ "DXC Technology Statement".
  14. ^ "Atos ends talks with DXC for a potential acquisition".
  15. ^ "TCS may lose spot as world's third largest IT services firm".
  16. ^ "DXC to regularise salary increments, increase hiring".
  17. ^ "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.
  18. ^ "DXC (DXC) Down 1.9% Since Last Earnings Report: Can It Rebound?". Nasdaq. December 6, 2018. Retrieved March 17, 2019.
  19. ^ "DXC Technology Completes Acquisition Leading Digital Innovator". businesswire. June 14, 2019.
  20. ^ Corner, Stuart (July 30, 2019). "DXC teams with Autism NZ for skills training". Computerworld. Retrieved November 3, 2020.
  21. ^ Paredes, Divina (December 9, 2018). "DXC launches program to help people on the autism spectrum build ICT careers". CIO. Retrieved November 3, 2020.
  22. ^ "TEAM PENSKE PARTNERS". Team Penske. Retrieved January 9, 2019.
  23. ^ "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved January 9, 2019.
  24. ^ "Our Partners - Brumbies Rugby". Brumbies Rugby. Archived from the original on July 9, 2017. Retrieved January 9, 2019.

External links[edit]