DXC has announced its Q1 FY21 results, for the period ending June 30, 2021:
- Revenues were $4,141m, down 8.0% y/y, and down 13.7% at CC.
- EBIT was $446m, a margin of 10.8%, up 13.9 pts y/y
- Adjusted EBIT was $332m, a margin of 8.0%, up 3.8 pts y/y.
Q1 FY22 revenue breakdown by service line (and y/y revenue growth on an actual and CC basis) was:
- Global Business Services (GBS): $1,887m (-13.2%, -17.9%).
- Applications: $482m (+17.9%, +12.9% in CS)
- Analytics and Engineering: $1,246m (+7.2,+0.6% in CS)
- BPS: $118m (-8.1%, -13.0% in CS)
- Global Infrastructure Services (GIS): $2,254m (-3.2%, -9.8%).
- Cloud & Security: $549m (+13.7%, +4.9% in CS)
- ITO: $1,128m (-3.0%, -9.0% in CS)
- Modern Workplace: $577m (-13.4%, -19.7% in CS)
Q1 FY22 profit margin by service line (and in Q1 FY20) was:
- GBS: 14.4% (9.9%)
- GIS: 5.8% (1.0%).
Q1 FY21 bookings were $4.6bn, a b2b of 1.12, down from $5.3bn in Q1 FY21. 57% was new work and 43% renewals. The breakdown by service line was:
- GBS: $2.4bn (Q1 FY21: $3.5bn)
- GIS: $2.2bn ($1.8bn).
The guidance for Q2 FY22 is
- Revenues in the range of $4.08-4.13bn
- An adjusted EBIT margin the range of 8.0-8.4%.
Vendor | DXC Technology |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2021-06-30 |
Growth | -8 |
Revenues ((m) in local currency | 4141 |
Revenues (in $m at that date) | 4141 |