Thu, May 15, 10:06 AM (29 days ago)
### Summary of DXC Technology Company (DXC) 2025 Annual Report **Financial Performance:** - **Revenue:** $12.9 billion, a decline of 5.8% year-over-year, primarily due to a 4.6% decline in organic revenue and a 1.0% unfavorable foreign currency exchange rate impact. - **Net Income:** $396 million, an increase from $86 million in the prior fiscal year. - **Earnings Per Share (EPS):** Diluted EPS was $2.10, an increase of $1.64 compared to the prior fiscal year. - **Operating Expenses:** Total costs and expenses were $12.2 billion, a decrease of 9.7% year-over-year. - **Cash Flow:** Free cash flow was $687 million, resulting from $1.4 billion in operating cash flow less $711 million in capital expenditures. **Strategic Overview:** - DXC operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). - GBS provides technology solutions to address key business challenges and accelerate transformations. - GIS implements and operates critical systems for global businesses and governments. **Future Outlook:** - DXC expects to continue using cash generated by operations as a primary source of liquidity. - The company plans to repatriate funds held outside the U.S. that are not designated as indefinitely reinvested. - DXC has $0.2 billion in cash held by foreign subsidiaries used for local operations that is subject to country-specific limitations. **Risk Factors:** - DXC faces risks related to strategic objectives, security breaches, product quality, competition, and regulatory compliance. - The company is exposed to risks from climate change, natural disasters, and increased scrutiny of ESG initiatives. - DXC may face challenges in attracting and retaining qualified personnel and managing leadership changes. **Financial Condition:** - DXC has $1.8 billion in cash and cash equivalents, with $0.8 billion held outside of the U.S. - The company has $0.2 billion in cash held by foreign subsidiaries used for local operations that is subject to country-specific limitations. - DXC has $0.2 billion in cash held by majority-owned consolidated subsidiaries where third parties or public shareholders hold minority interests. **Market Position Changes:** - DXC's stock trades on the New York Stock Exchange under the symbol "DXC." - As of May 5, 2025, there were 34,247 holders of record of DXC's common stock. - The Board indefinitely suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021.