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ASHBURN, Va. - DXC Technology (NYSE:DXC) announced Monday the appointment of Ramnath Venkataraman as President of Consulting & Engineering Services (CES). Venkataraman, who spent nearly three decades at Accenture, will report directly to DXC President and CEO Raul Fernandez.
In his new role, Venkataraman will lead DXC’s CES business unit, which employs 50,000 engineers and consultants worldwide. He will focus on accelerating customer innovation and enhancing value delivery through the company’s capabilities in AI, application modernization, and data analytics. According to InvestingPro analysis, DXC maintains a healthy financial position with a GOOD overall health score, suggesting strong operational fundamentals to support these initiatives.
"I am thrilled to join DXC at this pivotal moment in the company’s history," Venkataraman said in a press release statement.
During his tenure at Accenture, Venkataraman was a member of the Global Management Committee and most recently oversaw the firm’s global technology sales, solutions, assets, offerings, and network of Advanced Technology Centers. His experience spans multiple industries including banking, consumer goods, retail, life sciences, and automotive.
DXC Technology, a Fortune 500 global technology services provider, stated that Venkataraman’s appointment reinforces the company’s commitment to attracting leadership talent to help build and grow its priority businesses.
The CES division plays a key role in DXC’s efforts to help customers modernize operations and address technology challenges. Venkataraman’s background includes leading enterprise-wide modernization efforts and implementing large-scale technology transformations for global enterprises. Trading at a P/E ratio of 7.58 and showing strong free cash flow yield, InvestingPro data indicates DXC is currently undervalued, with analysts maintaining coverage and multiple additional insights available through the comprehensive Pro Research Report.
In other recent news, DXC Technology reported strong quarterly financial results, with revenue and adjusted earnings per share surpassing projections from RBC Capital and other Wall Street analysts. Despite this, RBC Capital adjusted its price target for DXC Technology from $27.00 to $18.00, maintaining a Sector Perform rating. Similarly, Stifel reduced its price target for the company from $24.00 to $15.00, holding a Hold rating due to guidance that fell short of expectations. Morgan Stanley also revised its price target down to $16.00 from $22.00, noting challenges such as a projected decline in fiscal year 2026 revenue.
In other developments, DXC Technology has partnered with Thought Machine to modernize banking systems for small and midsize banks, offering a managed service for digital transformation. The company also relaunched its DXC Fast RISE with SAP service in Mexico, leveraging Microsoft Azure to support cloud migration for local enterprises. These initiatives aim to simplify and accelerate digital transformations across various sectors. Despite the positive advancements, analysts have expressed cautious outlooks, citing economic challenges and the company’s exposure to certain market segments.
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