DXC Q2 revenue in line but EPS miss disappoints

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

DXC Technology reported second quarter revenues of $3.00 billion, down 5.1% year on year, which was in line with analysts' expectations but accompanied by a significant miss of analysts' EPS estimates. President and CEO Raul Fernandez said the first quarter results were in line with expectations and the company is maintaining its full-year guidance. DXC delivered the slowest revenue growth and weakest full-year guidance update among its peers, and the stock is down 6.6% since reporting, currently trading at $10.50. Among the eight IT services and consulting stocks tracked, Gartner had the best quarter with revenues of $1.68 billion, flat year on year and beating analysts' expectations by 1.8%, while Accenture was the weakest with revenues of $18.72 billion, up 5.6% year on year but with next quarter revenue guidance missing expectations.

Impact on stocks 6

Information Technology · 2 stocks
Gartner Inc
IT
▲ PositiveCapitalrelevance

Gartner had the best quarter with revenues beating expectations by 1.8%.

Cloud & Digital Infrastructure · 1 stocks
DXC Technology Co
DXC
▼ NegativeCapitalrelevance

DXC reported EPS miss and slowest revenue growth among peers, stock down 6.6%.

Artificial Intelligence · 1 stocks
Accenture plc
ACN
▼ NegativeCapitalrelevance

Accenture's next quarter revenue guidance missed expectations, making it the weakest among peers.

Quantum Computing · 1 stocks
Cybersecurity & Digital Trust · 1 stocks