secwatch.observer — SEC 8-K summary
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Issuer:     DXC Technology Co (DXC)
CIK:        0001688568
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001688568-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688568/000168856824000008/0001688568-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688568/000168856824000008/dxc-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001688568-24-000008

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