Skip to main content

Share story

Products

DXC cuts annual revenue outlook as deal conversion slows

DXC cuts annual revenue outlook as deal conversion slows Image: Primary
DXC Technology lowered its full-year revenue guidance midpoint to $11.95 billion from $12.23 billion as customers delayed decisions and competition intensified, Yahoo Finance reported. Third-quarter revenue fell 4% year on year to $3.03 billion, and operating margin declined to 1.8% from 5.1%. CFO Rob Del Bene said delays were most pronounced in the Americas and UK public sector. Pricing remained relatively stable, but win rates fell. CEO Raul Fernandez said customers were reassessing project priorities and shortening contract lengths.
Sources
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure
Infrastructure

Aramco acquires 49% of HUMAIN for AI assets and $2.6 billion

Saudi Aramco acquired a 49% stake in HUMAIN in exchange for AI assets and $2.6 billion, Yahoo Finance reported. The Public Investment Fund owns the remainder of the Saudi government's AI company.

Capital Infrastructure
Capital Infrastructure

Northwood Space raises $375 million at $2 billion valuation

Northwood Space said Monday it raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the satellite infrastructure company at $2 billion. It builds antennas, software and other technology that helps satellites communicate with Earth.