DXC has announced its Q3 FY21 results, for the period ending December 31, 2021:

• Revenues were $4,089m, down 4.6% y/y, and down 1.4% CS.
• EBIT was $355m, a margin of 8.7%, up 1.7 pts y/y
• Adjusted EBIT was $417m, a margin of 10.2%, down 37.2 pts y/y.

Q3 FY22 revenue breakdown by service line (and y/y revenue growth on an actual and CS basis) was:

• Global Business Services (GBS): $1,846m (+1.3%, +7.0%).
  •  Applications: $1,262m (+3.5%, +4.8%)
  •  Analytics and Engineering: $545m (+18.0,+18.7%)
  •  BPS: $116m (-9.4%, -8.3% in CS)
• Global Infrastructure Services (GIS): $2,143m (-0.5%, -8.3%).
  • Cloud & Security: $471m (-13.3%, -12.2%)
  • ITO: $1,111m (-2.6%, -1.9%)
  • Modern Workplace: $561m (-17.0%, -16.0%)

Q3 FY22 profit margin by service line (and in Q2 FY20) was:

• GBS: 16.2% (14.2%)
• GIS: 4.8% (3.7%).

Q3 FY21 bookings were $5.01bn, a b2b of 1.23, up from $3.72bn in Q2 FY21. 58% was new work and 42% renewals. The breakdown by service line was:

• GBS: $2.48bn (Q2 FY21: $1.7bn)
• GIS: $2.53bn ($2.0bn).

The guidance for Q4 FY22 is

• Revenues in the range of $4.11-4.15bn
• An adjusted EBIT margin the range of 8.7-9.0%.