DXC Technology (DXC) Misses Q1 EPS by 19c; Guides Lower
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DXC Technology Reports First Quarter Fiscal Year 2024 Results
August 2, 2023 4:15 PM EDTRevenues of $3.45 billion for Q1 FY24, down 7.0% as compared to prior year period, and down 3.6% on an organic basis Diluted Earnings Per Share was $0.17 and Non-GAAP Diluted Earnings Per Share was $0.63 in Q1 FY24 Q1 FY24 operating cash flow of $127 million, less capital expenditures of $202 million, results in $(75) million of free cash flow Book-to-bill ratio of 0.89x and trailing twelve-month book-to-bill of 1.03x Returned $280 million to shareholders by repurchasing 11.0 million shares in Q1 FY24. Remain on-track to complete the $1 billion share repurchase program in... More
