DXC Q4 FY23 revenue $3.59B, GAAP loss $3.38/shr, non-GAAP EPS $1.02; new $1B buyback

DXC Technology Co

2023-FY EPS reported -$2.48 revenue$14,430,000,000

Q4 revenue $3.59B, down 10.4% YoY; organic revenue down 2.9%.
GAAP diluted loss per share $(3.38) vs $2.14 last year; non-GAAP EPS $1.02 vs $0.84.
Free cash flow $269M; completed $1B share repurchase and authorized new $1B.
FY23 GAAP net loss $566M; adjusted EBIT margin 8.0% vs 8.5% prior year.
FY24 guidance: organic revenue growth -0.5% to 0.5%, non-GAAP EPS $3.80-$4.05, FCF ~$900M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DXC Technology Co reported the fourth quarter of fiscal year 2023 ended March 31, 2023 results: revenue $3.59 billion, net income $(758) million, EPS $(3.38).

Period: the fourth quarter of fiscal year 2023 ended March 31, 2023
Revenue: $3.59 billion
Net income: $(758) million
EPS: $(3.38)
Result: reported results

Exact text from the filing

Revenue was $3.59 billion for the fourth quarter of fiscal year 2023, down 10.4% as compared to the prior year period, and down 2.9% on an organic basis. The organic revenue decline was the result of a lower level of resale revenues and a lower level of project revenues in the fourth quarter of fiscal year 2023. Net income was $(758) million, or (21.1)% of sales for the fourth quarter of fiscal year 2023, compared to $539 million, or 13.4% of sales, in the prior year quarter. EBIT was $(1,146) million or (31.9)% of sales. Adjusted EBIT margin was 8.9% in the fourth quarter, up 40 basis points as compared to the prior year quarter. Loss per share was $(3.38) and Non-GAAP diluted earnings per share was $1.02 for the fourth quarter of fiscal year 2023.

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Source: SEC EDGAR

accession 0001688568-23-000028

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