secwatch.observer — SEC 8-K summary
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Issuer:     DXC Technology Co (DXC)
CIK:        0001688568
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001688568-22-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DXC Q1 FY2023 revenue $3.71B (-10.5% YoY); Non-GAAP EPS $0.75 vs $0.84; FY23 guidance lowered
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688568/000168856822000059/0001688568-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688568/000168856822000059/dxc-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001688568-22-000059

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