earnings
confidence high
sentiment positive
materiality 0.75
DXC Q2 FY22: Non-GAAP EPS $0.90 (up 41%); raises FY22 EPS/margin guidance, cuts revenue guidance
DXC Technology Co
2022-Q2 EPS reported
$0.35
revenue$8,168,000,000
- Revenue $4.03B, down 11.6% YoY; organic revenue down 2.4%.
- Non-GAAP diluted EPS $0.90 vs $0.64 prior year, up 41%; adjusted EBIT margin 8.6% (up 240 bps).
- Free cash flow $404M in Q2; repurchased 2.1M shares for $83M.
- FY22 guidance: Non-GAAP EPS raised to $3.52-$3.72, adj. EBIT margin to 8.5%-8.9%; revenue lowered to $16.4B-$16.6B due to FX.
- Debt refinancing reduces annual interest expense ~$50M; bookings $3.7B, book-to-bill 0.91x.