DXC Q1 FY24 revenue down 7% YoY to $3.45B; Non-GAAP EPS $0.63; cuts FY24 guidance

DXC Technology Co

2024-Q1 EPS reported $0.17 revenue$3,446,000,000

Revenue $3.45B, down 7.0% YoY (organic -3.6%), missing guidance; net income $42M vs $103M in Q1 FY23.
Adjusted EBIT margin 6.5% (down 50bps); Non-GAAP diluted EPS $0.63 vs $0.75 prior year; free cash flow -$75M.
GBS organic revenue +3.3% (margin 11.3%); GIS organic -9.9% (margin 5.2%); overall book-to-bill 0.89x.
FY24 guidance cut: organic revenue growth -4% to -3%; adjusted EBIT margin 7.0%-7.5% (FY23: 8.0%); Non-GAAP EPS $3.15-$3.40.
Repurchased 11M shares for $280M in Q1; on track for $1B share buyback in FY24.

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 first quarter of fiscal 2024 ended June 30, 2023 results: revenue $3.45 billion, net income $42 million, EPS $0.17.

Period: the first quarter of fiscal 2024 ended June 30, 2023
Revenue: $3.45 billion
Net income: $42 million
EPS: $0.17
Result: reported results

Exact text from the filing

as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- DXC Technology Reports First Quarter Fiscal Year 2024 Results • Revenues of $3.45 billion for Q1 FY24, down 7.0% as compared to prior year period, and down 3.6% on an organic basis • Diluted Earnings Per Share was $0.17 and Non-GAAP Diluted Earnings Per Share was

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Source: SEC EDGAR

accession 0001688568-23-000089

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