DXC Technology Company (NYSE:DXC) shares are falling after the company reported its fourth-quarter financial results Thursday. Here's a look at the key figures from the report.
The Details: DXC Technology reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 83 cents by 16.87%.
Quarterly sales came in at $3.386 billion which beat the analyst consensus estimate of $3.366 billion and represents a 5.71% decrease from the same period last year. The company said its revenue performance was primarily driven by declines in Modern Workplace and Cloud and ITO.
Cash flow from operations was $280 million in the fourth quarter of fiscal year 2024, as compared to $415 million in the fourth quarter of fiscal year 2023
Outlook: DXC Technology sees fiscal year 2025 adjusted earnings of between $2.50 and $3.00 per share, versus the $3.49 estimate, and full-year revenue in a range of $12.67 billion to $12.95 billion, versus the $13.19 billion estimate.
DXC Price Action: According to Benzinga Pro, DXC Technology shares are down 18.86% after-hours at $16.13 at the time of publication Thursday.
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