DXC Technology (NYSE: DXC), a leading information technology services and consulting company, has reported results for the first quarter of fiscal 2025.
- Total revenue came in at $3.24 billion in the first three months of fiscal 2025, down 6%; on an organic basis, revenue dropped 4%
- Q1 earnings, on a per-share basis, were $0.14, compared to $0.17 in the prior year quarter; Adjusted earnings per share were $0.74, up 17%
- Net income declined by 40% from last year to $25 million in Q1, with a corresponding margin of 0.8%
- The company delivered operating cash flow of $238 million in the June quarter, up 87%; Free Cash Flow was $45 million
- The management raised the low end of its full-year adjusted EBIT margin outlook range by 50 basis points to 6.5% – 7.0%
- The low end of the full-year adjusted earnings per share guidance range has been increased by $0.25 to $2.75 – $3.00
- The company also raised its full-year free cash flow outlook by $50 million to approximately $450 million