DXC Q3 organic revenue down 3.8%, non-GAAP EPS $0.95; guides FY24 flat growth

DXC Technology Co

2023-Q3 EPS reported $0.80 revenue$10,839,000,000

Q3 revenue $3.57B, down 12.8% YoY (organic -3.8%); net income $61M vs $102M prior year.
Non-GAAP diluted EPS $0.95, up from $0.92; Adjusted EBIT margin 8.7%, flat YoY.
Free cash flow $463M, down from $550M; closed German banks sale for $323M, completing $500M portfolio shaping.
FY23 guidance: organic rev growth (2.7)% to (2.6)%, Adj EBIT margin 8.0%-8.1%, Non-GAAP EPS $3.45-$3.50.
Preliminary FY24: flat to 1% organic growth, Adj EBIT margin above FY23 but ≤9.0%, FCF above FY23 but ≤$900M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DXC Technology Co reported Q3 FY23 results: revenue $3.57 billion, net income $61 million, EPS $0.25 diluted EPS, Non-GAAP diluted EPS $0.95.

Period: Q3 FY23
Revenue: $3.57 billion
Net income: $61 million
EPS: $0.25 diluted EPS, Non-GAAP diluted EPS $0.95
Result: reported results

Exact text from the filing

DXC Technology Reports Third Quarter Fiscal Year 2023 Results • Revenues of $3.57 billion for Q3 FY23, down 12.8% as compared to prior year period, and down 3.8% on an organic basis • Diluted Earnings Per Share was $0.25 and Non-GAAP Diluted Earnings Per Share was $0.95 in Q3 FY23

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Source: SEC EDGAR

accession 0001688568-23-000008

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