Company type | Public |
---|---|
| |
Industry | |
Predecessors | |
Founded | April 3, 2017 |
Headquarters | , U.S.[2] |
Area served | Worldwide |
Key people |
|
Revenue | US$16.27 billion (2022) |
US$139 million (2022) | |
US$718 million (2022) | |
Total assets | US$20.14 billion (2022) |
Total equity | US$5.05 billion (2022) |
Number of employees | 130,000 (March 2022) |
Subsidiaries | |
Website | www |
Footnotes / references Financials as of March 31, 2022[update][2] |
DXC Technology Company is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.[4]
DXC Technology was founded on April 3, 2017, when Hewlett Packard Enterprise’s Enterprise Services business unit merged with Computer Sciences Corporation. The company provided business-to-business IT services.[5] It began trading on the New York Stock Exchange under the symbol DXC.[6] At the time of its creation, DXC Technology had revenues of $25 billion.[7]
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.[8] With about 43,000 employees (more than a third of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[9]
In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[10]
Mike Salvino, the former Accenture chief group executive, was named president and CEO of DXC Technology in 2019.[11]
In February 2021, French technology services and consulting firm Atos ended talks for a potential acquisition of DXC.[12][13] Atos had proposed for US$10 billion including debt for acquisition.[14][15]
As of November 2021[update], DXC employed 134,000 in over 70 countries, including the United States, India, the Philippines, Central Europe and Vietnam.[16][17]
In October 2023, DXC was delisted from S&P 500 Index, and moved to the S&P SmallCap 600 Index.[1]
In July 2017, DXC purchased enterprise software company Tribridge and its affiliate company Concerto Cloud Services for $152 million.[18][19]
In 2018, it announced additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[20]
In January 2019, DXC Technology acquired Luxoft. The deal closed in June 2019.[21]
Piloted in Adelaide, South Australia, in 2014, the DXC Dandelion Program has grown to over 100 employees in Australia,[22] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[23] In June 2021, DXC piloted the Dandelion Program in the UK.
The company sponsored Team Penske[24] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018, became title sponsor of IndyCar Series race DXC Technology 600.[25] DXC is also a partner of Australian Rugby Union team Brumbies.[26] In 2022, the company became the new sleeve sponsor for English football club Manchester United.[27] In May 2023, the company signed a multi-year partnership with Scuderia Ferrari starting from the 2023 Miami Grand Prix onwards.[28][29]