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DXC Fiscal Q1 Non-GAAP Earnings Rise, Revenue Drops; Full-Year Outlook Updated -- Shares Up
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DXC Fiscal Q1 Non-GAAP Earnings Rise, Revenue Drops; Full-Year Outlook Updated -- Shares Up
Aug 8, 2024 2:23 PM

05:11 PM EDT, 08/08/2024 (MT Newswires) -- DXC Technology ( DXC ) late Thursday reported fiscal Q1 non-GAAP net income of $0.74 per diluted share, up from $0.63 a year earlier.

Analysts polled by Capital IQ expected $0.58.

Revenue for the quarter ended June 30 was $3.24 billion, compared with $3.45 billion a year earlier.

Analysts expected $3.14 billion.

For fiscal Q2, DXC Technology ( DXC ) is projecting non-GAAP EPS of $0.70 to $0.75 on revenue of $3.19 billion and $3.22 billion.

Analysts polled by Capital IQ are looking for $0.66 and $3.19 billion, respectively.

For fiscal 2025, the technology services company is now projecting non-GAAP EPS of $2.75 to $3.00 on revenue of $12.74 billion to $13.02 billion, compared with from its prior outlook expecting $2.50 to $3.00 on revenue of $12.67 billion to $12.95 billion.

Analysts polled by Capital IQ have been looking for $2.71 and $12.86 billion, respectively.

DXC Technology ( DXC ) shares were up past 11% in after-hours trading.

Price: 20.43, Change: +2.10, Percent Change: +11.46

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