DXC
DXC Technology Company
TMT
02/03/2014
Presented
| Date | 01/29/2014 |
| Price | $53.68 |
| Market Cap | $7.90B |
| Ent Value | $8.55B |
| P/E Ratio | N/A |
| Book Value | $23.62 |
| Div Yield | 1.3% |
| Shares O/S | 147.21M |
| Ave Daily Vol | 970,000 |
| Short Int | 1.55% |
Current
| Price | $20.37 |
| Market Cap | $3.68B |
| DXC Technology Company provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company’s Managed Services Sector segment offers IT outsourcing services that involve customer's technology infrastructure, including systems analysis, applications development, network operations, end-user computing, and data center management; and a range of services in various areas comprising infrastructure as a service, software as a service, business process as a service, platform as a service, cyber security managed services, and other emerging technologies and associated service delivery models. It serves financial services, healthcare, manufacturing, and other diversified industries. Its North American Public Sector segment provides systems integration and outsourcing, and complex project management and technical services, such as enterprise modernization, telecommunications and networking, managed services, base and range operations, and training and simulation services for government agencies, as well as the department of homeland security and NASA. The company’s Business Solutions and Services segment offers consulting and professional services that include advising clients on the strategic acquisition and utilization of IT and on business strategy, security, modeling, simulation, engineering, operations, change management, and business process reengineering; and systems integration services, which comprise designing, developing, implementing, and integrating information systems, as well as intellectual property-based software. This segment serves chemical, energy and natural resources, financial services, technology and consumer, manufacturing, healthcare, and public sector organizations. The company was founded in 1959 and is headquartered in Falls Church, Virginia. |
On April 3, 2017 Hewlett Packard Enterprise (HPE) announced that it successfully completed the separation of its Enterprise Services business, and merged it with Computer Sciences Corporation (CSC) to create DXC Technology (DXC).
Highlights
Computer Science Corporation’s (CSC) new management team, led by Mike Lawrie since early 2012, has made substantial progress turning the company around. Previously, the global IT consulting company was nearly run into the ground by a decentralized management structure that put revenue growth before profits. CSC’s margins compressed, cash flows were “abysmal,” and the company had to work through an SEC investigation into its accounting practices. Given his confidence in Lawrie and CSC’s cheap valuation, the presenter is long CSC and believes shares could appreciate ~50% from current levels.
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