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DXC Technology (NYSE:DXC) has implemented a new segment reporting structure effective April 1, 2025, aligning its financial disclosures with changes in its operational organization. The company stated in a press release Thursday that financial results will now be reported under three distinct segments: Consulting & Engineering Services, Global Infrastructure Services, and Insurance Services.
According to the filing, the new segmentation is intended to better reflect how management operates the business and allocates resources. DXC Technology, incorporated in Nevada and headquartered in Ashburn, Virginia, previously reported under a different segment structure. The company’s shares have declined significantly, with a -30.82% return over the past six months, though InvestingPro analysis suggests the stock is currently undervalued.
The company’s common stock and its 1.750% Senior Notes due 2026 are listed on the New York Stock Exchange under the symbols (NYSE:DXC) and (NYSE:DXC) 26, respectively.
DXC also provided certain unaudited historical consolidated financial information based on the new segment structure in an exhibit accompanying the filing. The information was furnished as part of its Regulation FD disclosure and is not considered filed for purposes of the Securities Exchange Act.
This article is based on a statement from a press release included in the company’s recent SEC filing.
In other recent news, DXC Technology has entered into a significant 10-year agreement with Spain’s Unicaja to modernize its banking operations. This partnership will see the implementation of artificial intelligence solutions to improve automation and customer interactions. Additionally, DXC Technology has announced the departure of Howard Boville, its executive vice president of consulting and engineering services, effective July 1. A separation agreement accompanies his exit, though details on a replacement have not been disclosed.
Further developments include the appointment of Ramnath Venkataraman as President of Consulting & Engineering Services. Venkataraman, with nearly three decades at Accenture (NYSE:ACN), will now lead DXC’s CES business unit, focusing on AI and data analytics. In collaboration news, DXC Technology and Thought Machine are working together to modernize banking systems for small and midsize banks using cloud-native platforms.
Moreover, DXC Technology has relaunched its DXC Fast RISE with SAP service in Mexico, leveraging Microsoft (NASDAQ:MSFT) Azure to assist local enterprises with cloud migration. This initiative targets sectors with strict data residency requirements, such as banking and government, to enhance operational performance through cloud-based transitions.
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