Report
Andrew Lange

DXC Posts Respectable 4Q; One Successful Year In; Shares Trading at a Premium

DXC reported a respectable fourth quarter and fiscal year after going through a period of rigorous restructuring. With the combination of CSC and HPE’s Enterprise Services business there was a significant amount of work to be done to incorporate and streamline operations. We think DXC’s management team has done a good job so far at combining the two firms and hitting stated cost-cutting milestones such as delivering $1.1 billion of year one cost savings and $1.6 billion in run rate savings exiti...
Underlying
DXC Technology Co.

DXC Technology is an end-to-end IT services company. The company provides a range of information technology services and solutions primarily in North America, Europe, Asia, and Australia. The company operates through two segments: Global Business Services, which provides technology solutions that help the company's clients address main business challenges and improve digital transformations tailored to each client's industry and objectives; and Global Infrastructure Services, which provides a portfolio of offerings that deliver predictable outcomes and measurable results, while reducing business risk and operational costs for clients.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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