DXC Technology Reports Third Quarter Fiscal Year 2023 Results

The above tables serve to reconcile the Non-GAAP financial measures to the most directly comparable GAAP measures. Please refer to the “About Non-GAAP Measures” section of the press release for further information on the use of these Non-GAAP measures.

 

Year-over-Year Organic Revenue Growth

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

December 31, 2022

 

December 31, 2021

 

December 31, 2022

 

December 31, 2021

Total revenue growth

 

(12.8

)%

 

(4.6

)%

 

(11.6

)%

 

(8.1

)%

Foreign currency

 

6.6

%

 

1.0

%

 

6.6

%

 

(2.1

)%

Acquisitions and divestitures

 

2.4

%

 

2.2

%

 

2.4

%

 

7.6

%

Organic revenue growth

 

(3.8

)%

 

(1.4

)%

 

(2.6

)%

 

(2.6

)%

 

 

 

 

 

 

 

 

 

GBS revenue growth

 

(10.7

)%

 

1.3

%

 

(8.7

)%

 

(10.0

)%

Foreign currency

 

6.4

%

 

1.3

%

 

6.6

%

 

(1.5

)%

Acquisitions and divestitures

 

4.5

%

 

4.4

%

 

4.2

%

 

15.5

%

GBS organic revenue growth

 

0.2

%

 

7.0

%

 

2.1

%

 

4.0

%

 

 

 

 

 

 

 

 

 

GIS revenue growth

 

(14.7

)%

 

(9.5

)%

 

(14.1

)%

 

(6.5

)%

Foreign currency

 

6.7

%

 

0.9

%

 

6.7

%

 

(2.5

)%

Acquisitions and divestitures

 

0.6

%

 

0.3

%

 

0.6

%

 

0.5

%

GIS organic revenue growth

 

(7.4

)%

 

(8.3

)%

 

(6.8

)%

 

(8.5

)%

 

EBIT and Adjusted EBIT

 

 

 

Three Months Ended

 

Nine Months Ended

(in millions)

 

December 31, 2022

 

December 31, 2021

 

December 31, 2022

 

December 31, 2021

Net income

 

$

61

 

 

$

102

 

 

$

192

 

 

$

197

 

Income tax expense

 

 

41

 

 

 

64

 

 

 

86

 

 

 

145

 

Interest income

 

 

(41

)

 

 

(15

)

 

 

(89

)

 

 

(51

)

Interest expense

 

 

56

 

 

 

38

 

 

 

137

 

 

 

161

 

EBIT

 

 

117

 

 

 

189

 

 

 

326

 

 

 

452

 

Restructuring costs

 

 

49

 

 

 

36

 

 

 

135

 

 

 

248

 

Transaction, separation and integration-related costs

 

 

6

 

 

 

11

 

 

 

12

 

 

 

23

 

Amortization of acquired intangible assets

 

 

100

 

 

 

106

 

 

 

305

 

 

 

325

 

Merger related indemnification

 

 

11

 

 

 

 

 

 

21

 

 

 

 

SEC Matter

 

 

 

 

 

 

 

 

8

 

 

 

 

Losses (gains) on dispositions

 

 

9

 

 

 

4

 

 

 

12

 

 

 

(343

)

Arbitration loss

 

 

9

 

 

 

 

 

 

9

 

 

 

 

Impairment losses

 

 

8

 

 

 

 

 

 

8

 

 

 

10

 

Debt extinguishment costs

 

 

 

 

 

2

 

 

 

 

 

 

311

 

Pension and OPEB actuarial and settlement losses

 

 

 

 

 

7

 

 

 

1

 

 

 

7

 

Adjusted EBIT

 

$

309

 

 

$

355

 

 

$

837

 

 

$

1,033

 

 

 

 

 

 

 

 

 

 

EBIT margin

 

 

3.3

%

 

 

4.6

%

 

 

3.0

%

 

 

3.7

%

Adjusted EBIT margin

 

 

8.7

%

 

 

8.7

%

 

 

7.7

%

 

 

8.4

%


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Editorial
Jobs
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Upcoming Events
FABTECH Orlando 2024 at Orange County Convention Center Orlando FL - Oct 15 - 17, 2024
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise