Thread regarding DXC Technology layoffs

Dxc technology

DXC Technology: Why It Is Still A Buy

DXC's turnaround plan is in play.

Margins set to expand.

Price target of over $40 discussed.

Strong Third-Quarter Results
DXC posted earnings of 84 cents a share as revenue fell 14.5% year-on-year to $4.29 billion. Both figures beat consensus estimates. Investors who bought the stock after the report did well so far. The stock is up by around 30% in the quarter. Still, the stock is undervalued, trading at a forward price-to-earnings ratio of 9.79 times.

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Post ID: @OP+1aGM5ewZ

12 replies (most recent on top)

Not hard to beat estimates when they are set low. The share price is probably deserved - the strategy is to milk the platinum customers for all they are worth while slashing costs (people). Its not a growth strategy but it is one that can make money in the short haul. Most MBAs have come across the case study of the company that bought and continues to provide valves. They made a lot of money servicing legacy devices like radar systems. DXC is that equivalent in the IT industry. Eventually the relevance will cease and the company will be no more. Good money in the short haul. But no longevity. Sure, the DXC strategy is painful for employees who will be paid little and no security but it will make the exec and shareholders who bought in post Mike L money. My advice is to buy the stock and get ready to dump it when the first four platinum customer wean themselves of legacy CSC/EDS systems and contracts.

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Post ID: @Akwn+1aGM5ewZ

all the 1s drop down to 2, the 2s drop to 3, Well that can't be done already printed my review to a PDF, so it can't change

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Post ID: @aqbn+1aGM5ewZ

I hear widespread allegations of practices being instructed to cut grades right across the board, so all the 1s drop down to 2, the 2s drop to 3, and so on. And that's purely to prevent highly-performing staff being given pay rises.

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Post ID: @9ftn+1aGM5ewZ

I was told straight up that a rating of 1 was reserved only for those achieving vast sales deals or doing something that shifts the share price upwards.

Not being a sales person nor a member of the board, i basically can never achieve a one.

I did ask what the point of a rating system based on that was, but other than some waffle about maybe it's not quite right, that was the end of that conversation.

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Post ID: @6eke+1aGM5ewZ

We have a rating system for reviews from 1 to 4 with 1 being the best,, god like. Only 1's might get pay raises and the number of 1's are limited by management. Again our CEO is so full of bull sh*t it isn't funny.

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Post ID: @6cmy+1aGM5ewZ

Only reason why profits are up is because of all the layoffs , more people will be leaving on there own soon if pay increases are not given to us FAST. My FACEbook page memories came up today, its been 8 years since I had an increase

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Post ID: @3ahc+1aGM5ewZ

Wall Street at record levels and yet DXC market cap still 15 % below what ATOS offered all those months ago - maybe not going so well after all, lets see what the "stabilized" Q4 revenue numbers look like in a few weeks time

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Post ID: @3qbt+1aGM5ewZ

Never could I imagine the day that a company like DXC would resort to online shilling to boost their company image. Let alone the fact that this is illegal in many countries in the world, including the internet. But hey, gotta boost that stock price somehow.

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Post ID: @3qgw+1aGM5ewZ

Pass. I’d rather put all my money on 0 in roulette. At least it is 30 seconds of fun before the money is gone.

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Post ID: @3jth+1aGM5ewZ

We are building a fighting force of extraordinary magnitude. We forge our spirits in the same tradition as our ancestors. Mike Salvino is a magnificent leader. He has our gratitude. Let's all give Mike Salvino a great big hand!

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Post ID: @2tcx+1aGM5ewZ

DXC: A company with a bright future:

https://thumbs-prod.si-cdn.com/7w29khlx7h6pMvea7WDuysAyGao=/800x600/filters:no_upscale()/https://public-media.si-cdn.com/filer/b6/11/b611d42c-35bb-4aec-a220-34c4a6ec7afe/nasm-si-98-15068.jpg

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Post ID: @2dcq+1aGM5ewZ

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