DXC Technology (NYSE: DXC) reported Q2 EPS of $2.02, $0.08 better than the analyst estimate of $1.94. Revenue for the quarter came in at $5.01 billion versus the consensus estimate of $5.3 billion.

• Q2 earnings per share from continuing operations was $0.92, including the cumulative impact of certain items of $(1.10) per share, reflecting restructuring costs, transaction, separation and integration-related costs, and amortization of acquired intangible assets
• Q2 non-GAAP earnings per share was $2.02
• Q2 income from continuing operations was $259 million, including the cumulative impact of certain items of $(314) million, reflecting restructuring costs, transaction, separation and integration-related costs, and amortization of acquired intangible assets
• Q2 non-GAAP income from continuing operations was $573 million
• Q2 EBIT of $382 million, adjusted for certain items is $799 million and adjusted EBIT margin was 15.9%, compared with 13.6% in the prior year
• Q2 net cash from operating activities was $412 million
• Q2 adjusted free cash flow was $604 million

“In the second quarter, DXC Technology delivered year-over-year and sequential growth in earnings per share and margins,” said Mike Lawrie, chairman, president and CEO. “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.”

Financial Highlights - Second Quarter Fiscal 2019

• Diluted earnings per share from continuing operations was $0.92 in the second quarter, including $(0.41) per share of restructuring costs, $(0.34) per share of transaction, separation and integration-related costs, and $(0.35) per share of amortization of acquired intangible assets. This compares with $0.67 in the year ago period.
• Non-GAAP diluted earnings per share from continuing operations was $2.02. This compares with $1.67 in the year ago period.
• Revenue in the second quarter was $5,013 million. 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.
• Income from continuing operations before income taxes was $332 million in the second quarter, including $(157) million of restructuring costs, $(128) million of transaction, separation and integration-related costs, and $(132) million of amortization of acquired intangibles. This compares with $284 million in the year ago period.
• Non-GAAP income from continuing operations before income taxes was $749 million compared with $683 million in the year ago period.
• Income from continuing operations was $259 million in the second quarter, including $(116) million of restructuring costs, $(98) million of transaction, separation and integration-related costs, and $(100) million of amortization of acquired intangibles. This compares with $205 million in the year ago period.
• Non-GAAP income from continuing operations was $573 million compared with $492 million in the year ago period.
• Adjusted EBIT was $799 million in the second quarter compared with $740 million in the prior year. Adjusted EBIT margin was 15.9% compared with 13.6% in the year ago quarter.
• Net cash provided by operating activities was $412 million in the second quarter, compared with $991 million in the year ago period.
• Adjusted free cash flow was $604 million in the second quarter.

For earnings history and earnings-related data on DXC Technology (DXC) click here.