DXC Technology

DXC Technology is an American multinational corporation that provides B2B IT services.[2]

DXC Technology Company
TypePublic
IndustryIT services, IT consulting
PredecessorsComputer Sciences Corporation
Hewlett Packard Enterprise
Electronic Data Systems
FoundedApril 3, 2017 (2017-04-03)
Headquarters
Tysons, Virginia
,
United States
Area served
Worldwide
Key people
Mike Salvino
(President and CEO)
Services
Revenue US$19.58 billion (2020)[1]
US$1.00 billion (2020)[1]
US$−5.37 billion (2020)[1]
Total assets US$26.01 billion (2020)[1]
Total equity US$4.79 billion (2020)[1]
Number of employees
138,000 (March 2020)
Subsidiaries
Websitewww.dxc.technology
Footnotes / references
[1]

History

Creation

DXC Technology was founded in 2017 when the Hewlett Packard Enterprise Company (HPE) spun off its Enterprise Services business and merged it with Computer Sciences Corporation (CSC).[3] At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.[4]

The spinoff from Hewlett Packard Enterprise did not include two parts of the Enterprise Services segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group.[3]

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.[5] With about 43,000 employees (more than 1/3rd of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[6]

In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[7]

Acquisitions

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions.[8]

In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[9]

In January 2019, DXC Technology acquired Luxoft . According to the information from SEC database, DXC Technology now owns 83% of Luxoft shares. The eventual close of the deal was in June 2019.[10]

Programs and sponsorships

Dandelion Program
Main article: Dandelion Program

Piloted in Adelaide, Australia, in 2014; the DXC Dandelion Program has grown to over 100 employees in Australia,[11] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[12]

Sport

The company sponsors Team Penske[13] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[14] DXC is also a partner of Australian Rugby Union team Brumbies.[15]

See also

References
  1. "DXC Technology Annual Report 2020" (PDF). DXC Technology. Retrieved April 13, 2018.
  2. "DXC Technology - Company profile". Fortune. Retrieved March 17, 2019.
  3. "DXC Technologies finalizes $5B spinoff of health, human services business". Virginia Business. October 5, 2020. Retrieved October 27, 2020.
  4. "Newly-formed DXC to reskill its staff, operations". India Times. April 5, 2017. Retrieved March 17, 2019.
  5. "7 top IT firms to lay off 56,000 this year, new tech and Trump's policies blamed". Hindustan Times. July 19, 2017. Retrieved March 17, 2019.
  6. "As DXC cuts jobs, India amongst the most hit". India Times. June 13, 2019. Retrieved June 18, 2019.
  7. "2018 Mergers and Acquisitions Redefine IT Market: This Is IT". Blommberg government. March 6, 2019. Retrieved March 17, 2019.
  8. "Channel Beat: DXC Buys Tribridge, Symantec Acquires Fireglass And Cisco's Channel Chief Discusses The Intuitive Network". CRN. July 17, 2017. Retrieved March 17, 2019.
  9. "DXC (DXC) Down 1.9% Since Last Earnings Report: Can It Rebound?". Nasdaq. December 6, 2018. Retrieved March 17, 2019.
  10. "DXC Technology Completes Acquisition Leading Digital Innovator". businesswire. June 14, 2019.
  11. Corner, Stuart (July 30, 2019). "DXC teams with Autism NZ for skills training". Computerworld. Retrieved November 3, 2020.
  12. Paredes, Divina (December 9, 2018). "DXC launches program to help people on the autism spectrum build ICT careers". CIO. Retrieved November 3, 2020.
  13. "TEAM PENSKE PARTNERS". Team Penske. Retrieved January 9, 2019.
  14. "DXC Technology Named Title Sponsor of Texas Motor Speedway Race". indycar.com. Retrieved January 9, 2019.
  15. "Our Partners - Brumbies Rugby". Brumbies Rugby. Archived from the original on July 9, 2017. Retrieved January 9, 2019.
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