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ASHBURN, Va. - DXC Technology (NYSE: DXC), a prominent global technology services firm with a market capitalization of $3.14 billion and annual revenue of $13.09 billion, announced today the immediate appointment of Anders Lange to the role of Chief Procurement Officer. According to InvestingPro data, DXC appears undervalued based on its Fair Value analysis. Reporting to Chief Administrative Officer James Walker, Lange is tasked with leading the company’s procurement operations worldwide.
Lange’s appointment comes as DXC aims to enhance its procurement processes, with a particular focus on integrating artificial intelligence (AI) to streamline operations and foster growth. This transformation comes at a crucial time, as InvestingPro analysis shows seven analysts have recently revised their earnings expectations upward for the upcoming period. His 15 years of leadership experience in procurement and supply chain management is expected to be a driving force in the company’s transformation initiatives.
Previously, Lange held the position of Global Head of Procurement at Bloomberg, where he was responsible for procurement and supplier management. His career also includes tenures in procurement leadership at LEO Pharma, Diageo, and Carlsberg Breweries. In addition to his professional roles, Lange has contributed to academia as a guest lecturer at Copenhagen Business School.
James Walker, DXC’s Chief Administrative Officer, stated, "Anders brings extensive experience in global organizations and a proven track record of delivering results." Walker highlighted Lange’s expertise in transformation leadership, operational efficiency, risk management, supplier performance improvement, and cost savings as valuable assets for DXC’s procurement organization.
DXC Technology, known for helping global companies manage their mission-critical systems and operations, is focused on modernizing IT, optimizing data architectures, and ensuring security and scalability across various cloud environments. The company’s commitment to delivering excellence for its customers and colleagues is foundational to its operations.
This leadership change is part of DXC’s ongoing efforts to improve its service offerings and operational efficiency. The information regarding Lange’s appointment is based on a press release statement from DXC Technology.
In other recent news, DXC Technology reported its third-quarter fiscal 2025 results, surpassing earnings expectations with adjusted earnings per share of $0.92, which was $0.15 above the analyst estimate of $0.77. However, the company fell short on revenue, posting $3.23 billion against a consensus estimate of $3.26 billion, marking a 5.1% decrease compared to the same quarter last year. Despite the revenue miss, DXC Technology raised its full-year guidance for adjusted earnings per share to approximately $3.35, exceeding the previous forecast and analyst consensus. The company also increased its full-year free cash flow guidance to approximately $625 million, up from $550 million. In another development, DXC Technology appointed T.R. Newcomb as Chief Revenue Officer to enhance sales effectiveness and market presence. BMO Capital Markets recently adjusted its outlook on DXC Technology, raising the stock target to $26 while maintaining a Market Perform rating. The firm noted the company’s gradual progress towards stabilizing revenue and returning to pre-restructuring free cash flow levels. These developments highlight DXC Technology’s ongoing efforts to strengthen its leadership and financial performance.
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