DXC has announced its Q2 FY21 results, for the period ending September 30, 2021:
- Revenues were $4,027m, down 11.6% y/y, and up 2.4% CS.
- EBIT was $203m, a margin of 5.0%, down 1.2 pts y/y
- Adjusted EBIT was $346m, a margin of 8.6%, up 15.3 pts y/y.
Q2 FY22 revenue breakdown by service line (and y/y revenue growth on an actual and CS basis) was:
- Global Business Services (GBS): $1,873m (-16.5%, +3.4%).
- Applications: $1,216m (-1.4%, +1.5%)
- Analytics and Engineering: $52om (+18.0,+17.3%)
- BPS: $118m (-12.6%, -13.8% in CS)
- Global Infrastructure Services (GIS): $2,154m (-6.8%, -8.0%).
- Cloud & Security: $521m (+0.7%, -1.5%)
- ITO: $1,052m (-7.9%, -9.6%)
- Modern Workplace: $581m (-8.8%, -10.9%)
Q2 FY22 profit margin by service line (and in Q2 FY20) was:
- GBS: 15.9% (14.2%)
- GIS: 5.5% (1.6%).
Q2 FY21 bookings were $3.72bn, a b2b of 1.08, down from $5.3bn in Q1 FY21. 59% was new work and 41% renewals. The breakdown by service line was:
- GBS: $1.72bn (Q1 FY21: $2.4bn)
- GIS: $2.0bn ($2.5bn).
The guidance for Q3 FY22 is
- Revenues in the range of $4.08-4.13bn
- An adjusted EBIT margin the range of 8.6-8.9%.
Vendor | DXC Technology |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2021-09-30 |
Growth | -11.7 |
Revenues ((m) in local currency | 4027 |
Revenues (in $m at that date) | 4027 |