DXC Posts Solid 3Q; Cost-Cutting Continues to Impress; Shares Trading Near Our FVE
DXC Technology reported a solid third-quarter result with the firm continuing to execute against its cost savings target (post-CSC and HPE Enterprise Services merger), while also working toward its U.S. Public Sector separation. Sequential revenue growth indicated momentum for project sales during the quarter and we believe that DXC can improve its position in the IT services market through its newfound scale advantage in the commercial space. Management commented that its year-one cost savings ...
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