DXC Technology

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DXC Technology Company
Public
Traded as
IndustryIT services, IT consulting
PredecessorsComputer Sciences Corporation
Hewlett Packard Enterprise
Electronic Data Systems
FoundedApril 3, 2017; 2 years ago (2017-04-03)
Headquarters,
U.S.
Area served
Worldwide
Key people
Mike Salvino
(Chairman, President and CEO)[1]
Services
RevenueDecrease US$20. 75 billion (2019)[2]
Decrease US$1.72 billion (2019)[2]
Decrease US$1.25 billion (2019)[2]
Total assetsDecrease US$29.50 billion (2019)[2]
Total equityDecrease US$11.73 billion (2019)[2]
Number of employees
Decrease 130,000 (Mar 2019)[2]
Websitewww.dxc.technology

DXC Technology is an American multinational corporation that provides B2B IT services.[3]

History[edit]

Creation[edit]

DXC Technology was founded in 2017[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). 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 reduce headcount by 5.9% (around 10,000) employees[7]. 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. [8].

In 2017, DXC split off its public sector segment.[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].

Sponsorships[edit]

The company sponsors Team Penske[12] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[13] DXC is also a partner of Australian Rugby Union team Brumbies.[14]

See also[edit]

References[edit]

  1. ^ "DXC Executive Leadership". Retrieved January 9, 2019.
  2. ^ a b c d e f "Results for the Fourth Quarter and Year ended March 31, 2019" (PDF). DXC Technology. Retrieved January 9, 2019.
  3. ^ "DXC Technology - Company profile". Fortune. Retrieved March 17, 2019.
  4. ^ "DXC Technology - Company profile". Forbes. Retrieved March 17, 2019.
  5. ^ a b Cornell, Joe (April 14, 2017). "Hewlett Packard Enterprise Completes Spin-Merger To Form DXC Technology". Forbes. Retrieved March 17, 2019.
  6. ^ "Newly-formed DXC to reskill its staff, operations". India Times. April 5, 2017. Retrieved March 17, 2019.
  7. ^ "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.
  8. ^ "As DXC cuts jobs, India amongst the most hit". India Times. June 13, 2019. Retrieved June 18, 2019.
  9. ^ "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. March 6, 2019. Retrieved March 17, 2019.
  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. ^ "TEAM PENSKE PARTNERS". Team Penske. Retrieved January 9, 2019.
  13. ^ "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved January 9, 2019.
  14. ^ "Our Partners - Brumbies Rugby". Brumbies Rugby. Archived from the original on July 9, 2017. Retrieved January 9, 2019. Cite uses deprecated parameter |dead-url= (help)

External links[edit]