secwatch.observer — SEC 8-K summary
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Issuer:     DXC Technology Co (DXC)
CIK:        0001688568
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001688568-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DXC Q4 FY22 rev $4.01B (-8.6%), adj EPS $0.84; FY23 guide organic rev (2.5%)-(1.5%)
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- Q4 revenue $4.01B missed guidance; organic rev -2.8% with $52M FX headwind and ~$16M Ukraine costs.
- Non-GAAP EPS $0.84 (up 14% YoY) but below guidance due to $0.04 Ukraine costs, $0.07 tax write-down, $0.06 energy costs.
- FY22 FCF $743M vs -$652M prior year (+$1.4B); repurchased 18.8M shares for $634M, 7% of shares outstanding.
- Exited Russian business; annual revenue reduction ~$140M. Ukraine business ~$250M revenue only minor conflict impact.
- FY23 guide: Q1 organic rev (2.5%)-(1.5%), adj EBIT margin 7.5-8.0%; FY24 targets: 1-3% organic growth, adj EBIT margin 10-11%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688568/000168856822000026/0001688568-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688568/000168856822000026/dxc-20220525.htm
  HTML page:      https://secwatch.observer/filing/0001688568-22-000026

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