Advertisement

DXC Technology Third Quarter 2023 Earnings: EPS Beats Expectations

DXC Technology (NYSE:DXC) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$3.57b (down 13% from 3Q 2022).

  • Net income: US$59.0m (down 40% from 3Q 2022).

  • Profit margin: 1.7% (down from 2.4% in 3Q 2022). The decrease in margin was driven by lower revenue.

  • EPS: US$0.26 (down from US$0.39 in 3Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

DXC Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for DXC Technology that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here