DXC Technology has announced its Q4 FY22 results, the period ending March 31, 2022:

• Revenues were $4,008m, down 8.6% y/y, down 2.8% y/y at CC/CS
• EBIT was $342m, a margin of 8.5%, up 1.0 pts
• Adjusted EBIT was $539m, a margin of 13.4%, down 4.9 pts y/y.

Q4 FY22 revenue breakdown by service line (and y/y revenue growth on an actual and CS basis) was:

• Global Business Services (GBS): $1,892m (-5.4%, +3.4%).
  •  Applications: $1,224m (-4.5%, -0.6%)
  •  Analytics and Engineering: $554m (+16.4,+19.7%)
  •  BPS: $112m (-15.8%, -12.8% in CS)
• Global Infrastructure Services (GIS): $2,116m (-11.3%, -8.0%).
  • Cloud & Security: $488m (-11.4%, -6.9%)
  • ITO: $1,115m (-4.8%, -2.1%)
  • Modern Workplace: $513m (-14.5%, -19.6%)

Q4 FY22 profit margin by service line (and in Q4 FY21) was:

• GBS: 14.5% (15.8%)
• GIS: 5.9% (4.1%).

Q4 FY2 bookings were $4.8bn, a b2b of 1.20, up from $4.7bn in Q4 FY21. The breakdown by service line was:

• GBS: $2.8bn (Q4 FY21: $2.7bn)
• GIS: $2.0bn ($2.3bn).

DXC Technology has announced its FY22 results, the period ending March 31, 2022:

• Revenues were $16,265m, down 8.3% y/y, down 2.6% y/y at CC/CS
• EBIT was $1,280m, a margin of 7.9%, up 1.7 pts
• Adjusted EBIT was $736m, a margin of 4.5%, up 3.7 pts y/y

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

• Global Business Services (GBS): $7,598m (-8.9%, +3.9%).
• Global Infrastructure Services (GIS): $8,667m (-7.7%, -8.4%).

FY22 profit margin by service line (and in FY21) was:

• GBS: 15.3% (13.4%)
• GIS: 5.5% (2.6%).

FY21 bookings were $18.1bn, a b2b of 1.11, up from $19.8bn in FY21.. The breakdown by service line was:

• GBS: $9.4bn (FY21: $11.0bn)
• GIS: $8.7bn ($8,8bn).

The guidance for FY23 is

• Revenues in the range of $14.9-15.1bn
• An adjusted EBIT margin the range of 8.5-9.0%.