DXC Q3 FY24 revenue $3.40B, down 4.7% YoY; lowers FY24 guidance

DXC Technology Co

2024-Q3 EPS reported $1.43 revenue$10,281,000,000

Revenue $3.40B, -4.7% YoY (-4.5% organic); GAAP EPS $0.81 vs $0.25, non-GAAP EPS $0.87 vs $0.95.
Free cash flow $585M, up from $463M prior year; returned $252M via buybacks, reducing shares 5.8%.
GBS organic revenue +0.3%, segment profit margin 11.9% down 210bps; GIS organic revenue -8.9%, margin 7.1% up 40bps.
FY24 guidance lowered: organic revenue growth (4.5)%-(4.3)%, adjusted EBIT margin 7.1%-7.2%, non-GAAP EPS $3.00-$3.05.
Book-to-bill 0.99x, TTM 0.93x; Q4 FY24 revenue guidance $3.35B-$3.39B.

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 0.95

DXC Technology Co reported the third quarter of fiscal 2024 ended December 31, 2023 results: revenue $3.40 billion, net income $140 million, EPS $0.81.

Period: the third quarter of fiscal 2024 ended December 31, 2023
Revenue: $3.40 billion
Net income: $140 million
EPS: $0.81
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 Third Quarter Fiscal Year 2024 Results • Revenues of $3.40 billion, down 4.7% as compared to prior year, and down 4.5% on an organic basis • Diluted earnings per share was $0.81 vs. $0.25 in the prior year quarter. Non-GAAP diluted earnings per

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Source: SEC EDGAR

accession 0001688568-24-000008

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