earnings
confidence high
sentiment negative
materiality 0.80
DXC Q1 FY2023 revenue $3.71B (-10.5% YoY); Non-GAAP EPS $0.75 vs $0.84; FY23 guidance lowered
DXC Technology Co
2023-Q1 EPS reported
$0.43
revenue$3,707,000,000
- Revenue $3.71B, down 10.5% YoY (organic -2.6%); net income $103M vs $282M prior year.
- Adj. EBIT margin 7.0% (down 100bps YoY); Non-GAAP EPS $0.75 vs $0.84.
- GBS revenue +2.8% organic; GIS organic -7.2%; total book-to-bill 0.87x (TTM 1.06x).
- FY23 guide: organic revenue -2% to -1% (vs prior -2.6% actual); adj. EBIT margin 8%-8.5%; Non-GAAP EPS $3.45-$3.75.
- Free cash flow improved to -$12M (from -$304M); returned $266M via share repurchases (8.9M shares).