DXC Technology reports Q2 EPS $2.02, consensus $1.94
Reports Q2 revenue $5.01B, consensus $5.3B. The company said, "Revenue decreased 8.1% compared with $5,453 million in the prior year, reflecting a stronger dollar, completion of several large transformation projects, and slower ramp-up on a few large Digital contracts" It added, "In the second quarter, DXC Technology delivered year-over-year and sequential growth in earnings per share and margins. We continue to see strong demand for our digital solutions, and we are helping clients leverage efficiency gains in their existing IT environment to reinvest in digital transformations. We also continue to strengthen our industry-leading partner network, and we are making strategic investments in the business, including our recent acquisitions of argodesign, Molina Medicaid Solutions, TESM, and BusinessNow."