DXC Technology

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DXC Technology is an American multinational corporation that provides B2B IT services.[2]

DXC Technology Company
Public
Traded as
ISINUS23355L1061 Edit this on Wikidata
IndustryIT services, IT consulting
PredecessorsComputer Sciences Corporation
Hewlett Packard Enterprise
Electronic Data Systems
FoundedApril 3, 2017; 2 years ago (2017-04-03)
Headquarters,
United States
Area served
Worldwide
Key people
Mike Salvino
(President and CEO)
Services
RevenueDecrease US$20.75 billion (2019)[1]
Decrease US$1.72 billion (2019)[1]
Decrease US$1.25 billion (2019)[1]
Total assetsDecrease US$29.50 billion (2019)[1]
Total equityDecrease US$11.73 billion (2019)[1]
Number of employees
130,000 (March 2019)
Subsidiaries
Websitewww.dxc.technology
Footnotes / references
[1]

HistoryEdit

CreationEdit

DXC Technology was founded in 2017[3] as the result of the spin-off of Hewlett Packard Enterprise's Enterprise Service segment[4] and its merger with Computer Sciences Corporation (CSC). At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.[5]

The spinoff from HPE did not include two parts of the Enterprise Service segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group.[4]

In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and reduce headcount by 5.9% (around 10,000) employees.[6] With about 43,000 employees (more than 1/3rd of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[7]

In 2017, DXC split off its public sector segment to create a new company, Perspecta Inc.[8]

In September 2019, American businessman Mike Salvino was appointed president and CEO.[9]

AcquisitionsEdit

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions.[10]

In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[11]

Programmes and sponsorshipsEdit

Dandelion ProgramEdit

Piloted in Adelaide, Australia, in 2014; the DXC Dandelion Program has grown to over 100 employees in Australia,[12] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[13]

SportEdit

The company sponsors Team Penske[14] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[15] DXC is also a partner of Australian Rugby Union team Brumbies.[16]

See alsoEdit

ReferencesEdit

  1. ^ a b c d e f "DXC Technology Annual Report 2019" (PDF). DXC Technology. Retrieved April 13, 2018.
  2. ^ "DXC Technology - Company profile". Fortune. Retrieved March 17, 2019.
  3. ^ "DXC Technology - Company profile". Forbes. Retrieved March 17, 2019.
  4. ^ a b Cornell, Joe (April 14, 2017). "Hewlett Packard Enterprise Completes Spin-Merger To Form DXC Technology". Forbes. Retrieved March 17, 2019.
  5. ^ "Newly-formed DXC to reskill its staff, operations". India Times. April 5, 2017. Retrieved March 17, 2019.
  6. ^ "7 top IT firms to lay off 56,000 this year, new tech and Trump's policies blamed". Hindustan Times. July 19, 2017. Retrieved March 17, 2019.
  7. ^ "As DXC cuts jobs, India amongst the most hit". India Times. June 13, 2019. Retrieved June 18, 2019.
  8. ^ "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. March 6, 2019. Retrieved March 17, 2019.
  9. ^ Peter Bendor-Samuel. "DXC Technology Changes CEO". Retrieved October 8, 2019.
  10. ^ "Channel Beat: DXC Buys Tribridge, Symantec Acquires Fireglass And Cisco's Channel Chief Discusses The Intuitive Network". CRN. July 17, 2017. Retrieved March 17, 2019.
  11. ^ "DXC (DXC) Down 1.9% Since Last Earnings Report: Can It Rebound?". Nasdaq. December 6, 2018. Retrieved March 17, 2019.
  12. ^ "DXC teams with Autism NZ for skills training", Computer World; 30 July 2019.
  13. ^ "DXC launches programme to help people on the autism spectrum build ICT careers", CIO; 9 December 2018.
  14. ^ "TEAM PENSKE PARTNERS". Team Penske. Retrieved January 9, 2019.
  15. ^ "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved January 9, 2019.
  16. ^ "Our Partners - Brumbies Rugby". Brumbies Rugby. Archived from the original on July 9, 2017. Retrieved January 9, 2019.

External linksEdit