DXC Reports Mixed Results; Revenue Miss Raises Some Concerns; Shares at a Discount
DXC reported a decidedly mixed second-quarter result with revenue weaker than expected but adjusted EBIT margins stronger than expected. We’ve always been more confident in DXC’s ability to execute on its margin expansion story given the cost-cutting and operating leverage available to management due to CSC and HPE Enterprise Services combining to make DXC. However, our thesis has been more concerned about top-line growth volatility. Such volatility was rumored by news outlets on Oct. 24 and evi...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.
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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.
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