---
schema_version: "secwatch.filing_event.v1"
accession: "0001688568-23-000089"
form_type: "8-K"
ticker: "DXC"
cik: "0001688568"
company_name: "DXC Technology Co"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:58:45.334634+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001688568-23-000089
- form_type: 8-K
- ticker: DXC
- cik: 0001688568
- company_name: DXC Technology Co
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1688568/000168856823000089/0001688568-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1688568/000168856823000089/dxc-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001688568-23-000089
- JSON: https://secwatch.observer/filing/0001688568-23-000089.json
- Plain text: https://secwatch.observer/filing/0001688568-23-000089.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1688568/000168856823000089/0001688568-23-000089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.