DXC Technology Company is a pan American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.[4]
.svg){kind=logo} | |
| Company type | Public |
|---|---|
| |
| Industry | |
| Predecessors | |
| Founded | April 3, 2017 |
| Headquarters | , U.S.[2] |
Area served | Worldwide |
Key people |
|
| Revenue |  US$16.27 billion (2022) |
 US$139 million (2022) | |
| US$718 million (2022) | |
| Total assets | US$20.14 billion (2022) |
| Total equity | US$5.05 billion (2022) |
Number of employees | 130,000 (March 2022) |
| Subsidiaries | |
| Website | www |
| Footnotes / references Financials as of March 31, 2022[update][2] | |
History
DXC Technology was founded on April 3, 2017, when Hewlett Packard Enterprise’s Enterprise Services business unit merged with Computer Sciences Corporation. The company provided business-to-business IT services.[5] It began trading on the New York Stock Exchange under the symbol DXC.[6] At the time of its creation, DXC Technology had revenues of $25 billion.[7]
In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and reduce headcount by 5.9% (around 10,000) employees.[8] With about 43,000 employees (more than a third of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[9]
In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[10]
Mike Salvino, the former Accenture chief group executive, was named president and CEO of DXC Technology in 2019.[11]
Raul Fernandez, who was in the board of directors, was appointed as the president and chief executive officer of DXC Technology in 2024.
In February 2021, French technology services and consulting firm Atos ended talks for a potential acquisition of DXC.[12][13] Atos had proposed for US$10 billion including debt for acquisition.[14][15]
As of November 2021[update], DXC employed 134,000 in over 70 countries, including the United States, India, the Philippines, Central Europe and Vietnam.[16][17]
In October 2023, DXC was delisted from S&P 500 Index, and moved to the S&P SmallCap 600 Index.[1]
Acquisitions
In July 2017, DXC purchased enterprise software company Tribridge and its affiliate company Concerto Cloud Services for $152 million.[18][19]
In 2018, it announced additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[20]
In January 2019, DXC Technology acquired Luxoft. The deal closed in June 2019.[21]
Programs and sponsorships
Dandelion Program
Piloted in Adelaide, South Australia, in 2014, the DXC Dandelion Program has grown to over 100 employees in Australia,[22] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[23] In June 2021, DXC piloted the Dandelion Program in the UK.
Sports
The company sponsored Team Penske[24] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018, became title sponsor of IndyCar Series race DXC Technology 600.[25] DXC is also a partner of Australian Rugby Union team Brumbies.[26] In 2022, the company became the new sleeve sponsor for English football club Manchester United.[27] In May 2023, the company signed a multi-year partnership with Scuderia Ferrari starting from the 2023 Miami Grand Prix onwards.[28][29]
See also
References
External links
- Official website
- Business data for DXC Technology:
