DXC Technology targets revenue of $12.67 bn during current fiscal

DXC Technology is targeting revenue of $12.67 billion – $12.95 billion during the fiscal 2024-25 and $3.10 billion – $3.15 billion during the first quarter.
DXC Technology IT servicesDXC Technology has reported revenues of $3.39 billion for Q4 FY24, down 5.7 percent as compared to prior year. The revenue performance was primarily driven by declines in Modern Workplace and Cloud and ITO.

Q4 FY24 Book-to-bill ratio of 0.94x and trailing twelve-month book-to-bill of 0.91x

GBS segment revenue was $1,712 million (down 2.2 percent), impacted by lower levels of Analytics and Engineering and Applications revenues, partially offset by the growth in Insurance. GBS bookings were $1.7 billion for a book-to-bill of 0.99x, and 0.96x on a trailing twelve months basis.

GIS segment revenue was $1,674 million (down 9.0 percent), impacted by continued organic revenue declines in Modern Workplace and Cloud Infrastructure & ITO. GIS bookings were $1.4 billion for a book-to-bill of 0.89x, and 0.86x on a trailing twelve months basis.

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