Momentum Stock Watch: DXC Technology Company (DXC)

Company Profile:

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. The GIS segment adapts legacy apps to cloud, migrate the right workloads, and securely manage their multi-cloud environments; and offers security solutions help predict attacks, proactively respond to threats, and ensure compliance, as well as to protect data, applications, and infrastructure. The company has a strategic collaboration with Microsoft. DXC Technology Company was founded in 1959 and is headquartered in Tysons, Virginia.

Recent News:

DXC Technology (NYSE: DXC) announced that it will release financial results for the fourth quarter and full year of fiscal 2022 on Wednesday, May 25, 2022, at approximately 4:15 p.m. Eastern Daylight Time (EDT). DXC Technology senior management will host a conference call and webcast on the same day at 5:00 p.m. EDT.

The company reported that revenue was $4.09 billion for the third quarter of fiscal year 2022, down 4.6% as compared to prior year period, and down 1.4% on an organic basis. Net income was $102 million, or 2.5% of sales, for the third quarter of fiscal year 2022, compared to $1,103 million, or 25.7% of sales, in the prior year quarter.



DXC receives outperform rating in price to bookvalue, price to earnings and discounted cash flow. Technical indicators signal the bullish signs, as there is a bullish crossover in the MACD and Stochastic oscillator. The RSI stands at 48.9 with positive bias. We rate DXC Technology Company (DXC) a STRONG BUY.

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