Thread regarding DXC Technology layoffs

More declines no turnaround in sight 2 years on

Three analysts have issued estimates for DXC Technology's earnings, with the highest sales estimate coming in at $4.30 billion and the lowest estimate coming in at $4.29 billion. DXC Technology reported sales of $4.82 billion during the same quarter last year, which indicates a negative year–over–year growth rate of 11%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 27th.

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Post ID: @OP+1azNXGWB

9 replies (most recent on top)

"they think staff are stupid" We must be because we stay. For me I am just over 60 in the US and can retire in 2 years (or today if I am riff'ed) as I been saving money just in case. But why quit with Covid, can't do much anyway so might as well get paid for doing nothing

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Post ID: @wvv+1azNXGWB

By that argument it would mean there will be no pay rises ever except for the management who will get actual rises and collect millions "Not reviews of 0%"

What a joke a pay review that gives 0% year on year, they think staff are stupid.

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Post ID: @dls+1azNXGWB

By that argument it would mean there will be no pay rises ever except for the management who will get actual rises "Not reviews of 0%"

What a joke that is a pay review that gives 0% year on year, they think staff are stupid.

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Post ID: @yrb+1azNXGWB

So no pay increases it seems!

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Post ID: @rkq+1azNXGWB

With the revenues keep on declining it will get to a stage tthat they will be $2 billion a quarter.

Then the book to bill will look great as it will be 3. Anything new order looks good when you hit rock bottom.

They should be comparing the book to bull ratio with turnover when Lawrie was running and the company was a third larger in revenue.

All we are seeing is a shrinkage in the company and there wont be much left if it keeps declining at 11% a year.

Mike said he has stabilised the revenue but the evidence is the opposite, what do we believe?

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Post ID: @gyj+1azNXGWB

Don't worry. There's a new logo coming and some "fly–wheels". Or is that wheels flying off?

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Post ID: @zuk+1azNXGWB

Dxc needs 2 months to close a quarter? Wow! Everything fully automated (EDS: everything done by spreadsheet)? Or just reconciliation jungle and no auditors willing to sign off in normal lead times? Or frantic looking for excuses to explain how the amazing book to bill figures (at least 1,3) from SFDC do not materialize in Revenue? What else do i miss here?

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Post ID: @kfd+1azNXGWB

so continued "stabilization" (as defined by DXC) of revenue then

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Post ID: @pci+1azNXGWB

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