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ASHBURN, Va. - DXC Technology (NYSE: DXC), a major player in the global technology services sector, has announced the induction of Sandeep Bhanote as the Financial Services Industry Leader for its Consulting & Engineering Services division, effective immediately. Bhanote, with his extensive background in financial services and digital innovation, is poised to steer the company’s growth in delivering AI-powered solutions to clients.
Bhanote’s appointment is part of DXC’s strategy to bolster its Financial Services business. He will be responsible for driving innovation and competitive differentiation through AI technology, enhancing client value, and shaping the future offerings of the company. Seven analysts have recently revised their earnings expectations upward for the upcoming period, according to InvestingPro data, suggesting growing confidence in the company’s strategic direction. His prior role as Vice President and General Manager at Clover by Fiserv saw him leading go-to-market strategies and fostering revenue growth within the Mid-Market and Enterprise segments.
With a career marked by entrepreneurial success, Bhanote co-founded Radius8, a firm that integrated online and offline retail experiences using location-based intelligence, leading to its acquisition by Fiserv in 2021. He also co-founded Global Bay Mobile Technologies, which was later acquired by VeriFone in 2011.
DXC’s President and CEO, Raul Fernandez, praised Bhanote’s unique combination of entrepreneurial spirit, commercial insight, and strategic execution, which he believes will be instrumental in advancing DXC’s Financial Services sector.
The announcement is forward-looking and reflects DXC’s commitment to enhancing its service offerings and client experiences through innovative technology solutions. However, as with all forward-looking statements, there is no guarantee that the plans will be realized, and they are subject to various risks and uncertainties.
DXC Technology is known for helping global companies manage their mission-critical systems and modernize IT infrastructure, with a focus on security and scalability in cloud environments. The company’s expertise is trusted by the world’s largest corporations and public sector organizations. With annual revenue of $13.1 billion and a strong free cash flow yield, DXC maintains a solid market position despite recent challenges. For detailed insights into DXC’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and in-depth research reports covering over 1,400 US stocks.
This move reflects DXC’s ongoing efforts to strengthen its leadership team and position itself as a leader in AI-powered consulting and engineering services. The information is based on a press release statement from DXC Technology.
In other recent news, DXC Technology reported its third-quarter fiscal 2025 results, which showed earnings surpassing expectations but falling short on revenue. The company achieved an adjusted earnings per share of $0.92, beating the analyst estimate of $0.77, while revenue came in at $3.23 billion, slightly below the consensus estimate of $3.26 billion. Despite the revenue miss, DXC Technology raised its full-year guidance for adjusted earnings per share to approximately $3.35, up from its previous forecast, and increased its free cash flow guidance to approximately $625 million. In a strategic move, DXC Technology appointed T.R. Newcomb as Chief Revenue Officer to enhance sales effectiveness and expand market presence, and Anders Lange as Chief Procurement Officer to improve procurement operations. BMO Capital Markets recently increased its price target for DXC Technology to $26, maintaining a Market Perform rating, citing the company’s progress toward stabilizing revenue and improving free cash flow. The firm noted that DXC Technology’s recent earnings report was positively influenced by one-time items that boosted profitability. BMO Capital emphasized the need for DXC Technology to enhance sales and productivity over the next one to two years for continued improvement. These developments are part of DXC Technology’s ongoing efforts to transform its operations and adapt to market demands.
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