DXC Technology

DXC Technology is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.^[1] Formed in April 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services division of Hewlett Packard Enterprise (HPE), it operates as a Fortune 500 company focused on delivering end-to-end IT solutions to global enterprises.^[2] As of March 2025, DXC employs approximately 120,000 people across more than 70 countries, serving clients in industries such as aerospace, banking, healthcare, and manufacturing.^[3] The company's service portfolio encompasses cloud and infrastructure management, cybersecurity, application modernization, analytics and engineering, modern workplace support, and industry-specific software solutions, particularly in insurance and business process services.^[4] DXC emphasizes leveraging artificial intelligence (AI), automation, and digital transformation to help organizations optimize operations, enhance security, and drive innovation while managing mission-critical systems.^[5] It is publicly traded on the New York Stock Exchange under the ticker symbol DXC, with a market focus on partnering with large enterprises to navigate complex IT landscapes.^[6] Since its formation, DXC has pursued strategic acquisitions, such as the $2 billion purchase of Luxoft Holding in 2019 to bolster software engineering capabilities, and divestitures like the 2018 spin-off of its U.S. public sector business to create Perspecta, allowing concentration on commercial IT services.^[7] These moves have positioned DXC as a key player in the global IT outsourcing market, with annual revenues exceeding $13 billion as reported in its fiscal year 2024 results.

Corporate Overview

Company Profile

DXC Technology is a multinational information technology services and consulting company formed on April 1, 2017, through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services division of Hewlett Packard Enterprise (HPE).^[8] The company traces its roots to legacy firms such as CSC, founded in 1959, and elements derived from Electronic Data Systems (EDS), founded in 1962.^[2] Headquartered in Ashburn, Virginia, USA, DXC Technology operates as a publicly traded entity on the New York Stock Exchange under the ticker symbol DXC.^[9] As of the fiscal year ended March 31, 2025, DXC Technology employed approximately 120,000 people worldwide.^[10] The company reported annual revenue of $12.87 billion for fiscal year 2025, with a market capitalization of approximately $2.4 billion as of November 2025.^[11] Its core mission centers on serving as a trusted operating partner to global enterprises, delivering end-to-end IT services and solutions that enable digital transformation through areas such as cloud computing, analytics, and cybersecurity.^[12] In recent years, DXC Technology has emphasized strategic initiatives for profitable growth, including reinvigorating its corporate culture and advancing AI-driven innovations, as highlighted in its 2025 Annual Report.^[13] These efforts aim to restore stakeholder confidence and position the company for sustained performance in a competitive IT services landscape.^[13]

Business Segments

DXC Technology operates through two primary business segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment focuses on applications services, analytics, and consulting, providing clients with solutions to accelerate digital transformation, gain operational insights, and automate processes through an extensive partner ecosystem.^[6] In fiscal year 2025 (FY2025), GBS generated revenue of $6.65 billion, representing approximately 52% of the company's total revenue.^[11] The GIS segment encompasses workplace services, cloud management, and security solutions, including hybrid cloud environments, data center operations, network services, end-user computing, workload migration, and multi-cloud security frameworks.^[14][15] In FY2025, GIS contributed $6.23 billion in revenue, accounting for about 48% of total revenue.^[11] Following a post-2021 restructuring, DXC streamlined its operations to emphasize high-growth areas within these segments, particularly analytics and engineering services in GBS, which saw organic growth contributions amid overall revenue declines in GIS due to legacy contract optimizations.^[16][17] This evolution aimed to enhance focus on digital transformation and AI-driven capabilities, supporting segment profitability despite market challenges.^[18] DXC serves key industries including aerospace, banking, healthcare, and manufacturing through these segments. Notable examples include long-term contracts with U.S. government entities and automotive firms such as Bridgestone for modern workplace and device services.^[19][20][13]

Historical Development

Pre-Merger Background

Computer Sciences Corporation (CSC) was founded in April 1959 in Los Angeles, California, by Roy Nutt and Fletcher Jones with an initial capital of $100, establishing it as one of the earliest independent IT services firms focused on developing software compilers and operating systems for computer manufacturers.^[21] The company quickly pivoted to serving end-users, securing its first major government contract with NASA in 1961 to support space programs, including the Apollo moon landings, Space Shuttle missions, and Hubble Space Telescope operations, which fueled significant early growth.^[22] Over the subsequent decades, CSC expanded into commercial sectors such as finance, defense, and aerospace, diversifying beyond government work to build a broad portfolio of IT consulting, systems integration, and outsourcing services.^[23] Hewlett Packard Enterprise Services (HPE ES) traced its roots to Electronic Data Systems (EDS), a pioneering outsourcing firm founded in 1962 by Ross Perot, which specialized in data processing and IT management for large enterprises.^[24] HP acquired EDS in 2008 for $13.9 billion, integrating it as HP Enterprise Services to enhance its capabilities in business process outsourcing, infrastructure management, and application services, thereby creating one of the world's largest IT services providers at the time.^[25][26] Following the 2015 split of HP into HP Inc. and Hewlett Packard Enterprise (HPE), the services division became HPE ES, retaining its focus on hybrid IT environments while beginning to adapt to emerging demands.^[27] Key pre-merger developments for CSC included aggressive international expansion starting in the late 1980s and continuing through the 1990s and 2000s, driven by acquisitions in Europe and Australia to capture global finance and defense markets, which helped grow its revenue to over $12 billion by the mid-2010s.^[28] For HPE ES, the post-2015 HP split marked a strategic shift toward cloud services, with investments in hybrid cloud platforms like Helion to support customers transitioning from on-premises infrastructure to cloud-hybrid models, aligning with broader industry moves toward software-defined architectures.^[29][30] By the mid-2010s, both CSC and HPE ES encountered significant challenges from declining legacy outsourcing contracts as clients migrated workloads to cloud-native providers like Amazon Web Services and Microsoft Azure, intensifying competition and pressuring traditional IT services margins.^[31][32] These pressures, including missed service level agreements and slower adaptation to agile cloud demands, highlighted the need for consolidation in the maturing IT services landscape, culminating in the 2017 merger that formed DXC Technology.^[33]

Formation and Early Growth

DXC Technology was formed through the merger of Computer Sciences Corporation (CSC) and Hewlett Packard Enterprise's (HPE) Enterprise Services business, announced on May 25, 2016, and completed on April 1, 2017, creating an independent IT services company with approximately $26 billion in annual revenue and over 170,000 employees.^[34] The merger combined the legacies of CSC, a long-standing IT services provider, and HPE Enterprise Services, focusing on global infrastructure and business process outsourcing. Michael Lawrie, previously CEO of CSC, assumed the role of Chairman, President, and CEO of the new entity, guiding its initial strategy from the corporate headquarters established in Tysons Corner, Virginia.^[35] In the early years following formation, DXC faced integration challenges inherent to combining two large organizations, including harmonizing operations, technology stacks, and cultural elements across a global workforce. The company initiated a facilities rationalization program in fiscal 2018 to reduce underutilized space and streamline infrastructure, contributing to cost efficiencies amid post-merger adjustments. By fiscal 2018, DXC reported revenue of $24.6 billion, reflecting a 3.3% decline from pro forma combined prior-year figures due to integration-related disruptions, but demonstrating initial stabilization efforts.^[35][36] The launch of DXC's unified brand in early 2017 was followed by the introduction of an integrated service portfolio in 2018, emphasizing digital transformation offerings such as application services and managed infrastructure to consolidate the merged capabilities.^[37] By fiscal 2019, integration progress was evident as DXC achieved revenue of $20.7 billion, with ongoing efforts to reduce operational overlaps and enhance efficiency, including the continued rationalization of legacy systems and processes from the predecessor companies. These initiatives helped mitigate initial challenges, positioning DXC for organic growth in core IT services while navigating a competitive market. The headquarters relocation to Ashburn, Virginia, in 2021 built on this foundation but occurred after the early stabilization phase.^[38][39][40]

Key Acquisitions and Divestitures

Following its formation in 2017, DXC Technology pursued strategic acquisitions to enhance its digital transformation and software engineering capabilities. In January 2019, DXC announced the acquisition of Luxoft Holding, Inc., a global digital strategy and software engineering firm, for approximately $2 billion in an all-cash transaction at $59 per share, representing a 48% premium to Luxoft's average trading price. The deal was completed in June 2019, integrating Luxoft's 14,000 employees and expertise in areas like automotive software, financial services applications, and cloud engineering, which expanded DXC's presence in high-growth verticals and bolstered its end-to-end digital offerings.^[41] Earlier, in June 2018, DXC acquired Molina Medicaid Solutions (MMS), the IT subsidiary of Molina Healthcare, Inc., for about $220 million, with the transaction closing in October 2018.^[42] This move strengthened DXC's healthcare IT portfolio, particularly in Medicaid management information systems (MMIS), pharmacy benefits, and eligibility services, enabling better support for U.S. state agencies and healthcare payers.^[43] To streamline operations and reduce debt, DXC executed several key divestitures starting in 2020. In March 2020, DXC agreed to sell its U.S. State and Local Health and Human Services (HHS) business to Veritas Capital for $5 billion in cash, a deal that closed in October 2020 and created Gainwell Technologies as the buyer entity.^[44] This divestiture allowed DXC to exit non-core government-facing healthcare operations and refocus on commercial IT services. Similarly, in July 2020, DXC sold its Healthcare Provider Software (HPS) business to the Dedalus Group for $525 million, with completion in April 2021, further narrowing its scope to core analytics, applications, and consulting services while generating significant cash proceeds.^[45][46] In January 2023, DXC divested its German financial services subsidiary (FDB) to the FNZ Group for €308 million (approximately $323 million), resulting in a pre-tax gain and contributing to portfolio optimization.^[47] These divestitures collectively generated over $5.8 billion in proceeds from 2020 to 2023, which DXC used to reduce net debt by more than $6 billion during the period, from about $10.3 billion at the end of fiscal 2020 to roughly $3.8 billion by March 2024, while enhancing focus on high-margin IT services in analytics, cloud, and security.^[48] Amid economic uncertainties and market consolidation, DXC shifted toward organic growth in fiscal years 2024 and 2025, with no major acquisitions reported; instead, the company emphasized internal investments in AI-driven services and strategic partnerships to drive revenue stability. In 2024, DXC became the target of acquisition interest, with bids from Apollo Global Management and Kyndryl reportedly valuing the company at $22–$25 per share, though no deal materialized as of November 2025.^[13][11][49]

Business Operations

Core Services

DXC Technology provides a suite of core services centered on digital transformation, leveraging advanced technologies to support client operations across industries. These services encompass cloud migration and management, analytics and AI solutions, and cybersecurity, delivered through strategic partnerships and innovative approaches. The company's offerings are designed to enable seamless transitions to modern IT environments while enhancing efficiency and resilience.^[4] In cloud migration and management, DXC facilitates the shift to public, private, and hybrid cloud infrastructures, supporting landing zones on platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and Oracle Cloud. As a global strategic partner with AWS, Microsoft, and Google Cloud, DXC provides managed services that optimize costs, ensure scalability, and accelerate business agility through multicloud strategies. These capabilities include over 27,000 annual migrations and management for more than 800 cloud customers, focusing on secure and efficient deployment.^[50][51][52] DXC's analytics and AI solutions integrate data-driven insights with artificial intelligence to drive decision-making and operational improvements. The company delivers generative AI services, including private AI deployments in hybrid environments, to enable secure, scalable applications across sectors like automotive and insurance. With over 20 years of AI expertise, DXC emphasizes enterprise-grade solutions that enhance automation and innovation without compromising data privacy.^[53][54] Cybersecurity services form a critical pillar, offering end-to-end protection through zero trust architectures, cyber risk management, and advanced threat detection. DXC's agentic Security Operations Center (SOC) provides autonomous, 24/7 monitoring to identify and respond to threats, supported by a global network of over 3,200 professionals and 12 operations centers. These services incorporate AI for pattern recognition and anomaly detection, helping clients mitigate evolving risks in cloud and on-premises environments.^[55][56][57] The consulting arm of DXC focuses on business process optimization, digital engineering, and tailored industry solutions to streamline operations and foster innovation. Services include process automation, system modernization, and sector-specific applications, such as supply chain enhancements for manufacturing through smart factory initiatives that integrate IoT and analytics for improved production and logistics. DXC's engineering experts co-create solutions that simplify complex systems and drive transformation.^[58][59][60] Looking ahead to 2025, DXC emphasizes innovations in generative AI and edge computing, as outlined in CTO webinars discussing trends like AI as a foundation for growth and edge-enabled real-time processing for enterprise applications. These advancements build on partnerships with Microsoft and Google Cloud to integrate cutting-edge technologies into client ecosystems.^[61][62] DXC employs an end-to-end delivery model spanning strategy, design, implementation, and ongoing operations, incorporating agile methodologies via frameworks like Bionix and Agile Capacity Services for rapid, iterative development and DevOps integration. This approach ensures adaptable, secure outcomes aligned with the company's Global Infrastructure Services and Global Business Services segments.^[63][64]

Global Presence

DXC Technology maintains a global operational footprint across more than 70 countries, employing over 120,000 people to deliver IT services and solutions.^[12][65] The company's major hubs are concentrated in key regions, including the United States (with headquarters in Ashburn, Virginia, and offices in Texas and Detroit), Europe (such as the United Kingdom, Germany, France, Spain, and Poland), Asia-Pacific (notably India and Australia), and the Americas (including Brazil, Mexico, and a recently opened office in Buenos Aires, Argentina).^[66][67] In fiscal year 2025, DXC generated total revenue of $12.87 billion, with significant contributions from its primary geographies: the Americas (primarily North America), Europe, the Middle East, and Africa (EMEA), and Asia-Pacific (APAC).^[11][13] To adapt to local markets, DXC tailors its strategies through region-specific leadership and initiatives; for instance, in August 2025, the company appointed Dave Buchanan as President of Canada Public Sector and Jarek Welcz as Leader of Canada Commercial to drive growth in technology and industrial sectors.^[68] In India, DXC operates as a major delivery center with over 43,000 employees across 12 sites in seven cities, supporting global operations with cost-effective engineering and development resources. DXC's infrastructure includes five data centers across various countries and specialized facilities such as innovation labs and centers of excellence.^[65] Notable examples are the Ashburn headquarters serving as a central hub for operations, the new AI Innovation Centre in Halifax, Canada (opened September 2025), the Center of Excellence in Zaragoza, Spain (opened September 2024), and a Global AI Center of Competence in Poland (launched September 2025).^[69][70] In Europe, DXC supports cybersecurity through 12 global security operations centers, with dedicated capabilities in the region to address local regulatory and threat landscapes.^[71]

Leadership and Governance

Executive Leadership

Raul Fernandez serves as President and Chief Executive Officer of DXC Technology, having assumed the role permanently in February 2024 following an interim appointment in December 2023. With over three decades of executive experience in scaling technology companies, Fernandez previously founded Proxicom, a digital services firm, and held CEO positions at Dimension Data North America and ObjectVideo, emphasizing innovation in IT services and enterprise solutions. Under his leadership, DXC has prioritized growth strategies focused on AI-driven modernization and client-centric performance, including extending his employment agreement through fiscal year 2028 to align incentives with shareholder value.^[72][73][74] Rob Del Bene is the Chief Financial Officer, appointed in May 2023, bringing more than 40 years of financial leadership from senior roles at IBM, including General Manager of Technology Lifecycle Services. His tenure has supported DXC's financial restructuring and expansion efforts, with his employment also extended through 2028 to bolster long-term stability.^[75][74] Holland Barry, Global Field Chief Technology Officer for cloud, IT outsourcing, and cybersecurity, joined DXC in 2024 from Cyxtera Technologies, where he served as Senior Vice President and Field CTO. With over 25 years in technology, Barry leads technical pre-sales and drives 2025 initiatives in AI integration and zero-trust security architectures to advance DXC's digital transformation offerings.^[61][76] In August 2025, DXC appointed Dave Buchanan as President of Canada Public Sector and Jarek Welcz as Leader of Canada Commercial to enhance North American operations amid evolving digital demands. Buchanan, with extensive public sector experience from roles at HCL Technologies, SAS, and Breqwatr, focuses on governmental technology solutions emphasizing AI and sustainability. Welcz, possessing over 30 years in managed IT services from prior positions at DXC, Hewlett Packard Enterprise, HP, and Electronic Data Systems, directs commercial growth strategies in cloud and digital sovereignty. These appointments align with DXC's broader 2025 leadership enhancements, including Brad Novak as Chief Information Officer in January, Ramnath Venkataraman as President of Consulting & Engineering Services in July, and Anthony Pappas as Chief Marketing Officer in October, following the departure of Executive Vice President Howard Boville in July.^{[77][78][79][80]}

Board and Governance Practices

DXC Technology's Board of Directors consists of 10 members, including a majority of independent directors with expertise in technology, finance, cybersecurity, and public policy.^[81] The board includes Chairman David Herzog, a former CFO of AIG with financial leadership experience; CEO Raul J. Fernandez, an entrepreneur and investor in technology sectors; David A. Barnes, former Senior Vice President and Chief Information and Global Business Services Officer at UPS with expertise in technology and information security; Anthony Gonzalez, ex-NFL player and venture capitalist focused on tech investments; Karl Racine, former Attorney General of Washington, D.C., bringing regulatory and legal perspectives; Pinkie Mayfield, a diversity and inclusion leader with HR expertise at Fortune 500 firms; Dawn Rogers, a supply chain and operations executive from UPS and Honeywell; Carrie W. Teffner, a finance veteran from PepsiCo and Citigroup; Kiko Washington, former Executive Vice President of Worldwide Human Resources for Warner Bros. Entertainment with expertise in workforce transformation; and Robert F. Woods, former Senior Vice President and Chief Financial Officer at SunGard Data Systems Inc. with financial and risk management expertise.^[82] This composition ensures a blend of industry knowledge and strategic oversight, with independent directors comprising about 90% of the board.^[81] The board operates through three standing committees: the Audit Committee, the Compensation Committee, and the Nominating/Corporate Governance Committee, each focused on key oversight areas including financial reporting, executive pay alignment, and board succession planning.^[83] The Audit Committee, chaired by Robert F. Woods and including David Herzog, David A. Barnes, and Carrie W. Teffner, oversees risk management, internal controls, and compliance with financial standards, emphasizing cybersecurity and enterprise risks.^[83] The Compensation Committee, chaired by Kiko Washington with members David Herzog, Anthony Gonzalez, and Dawn Rogers, addresses talent retention and performance-based incentives while integrating sustainability metrics into executive rewards.^[83] The Nominating/Corporate Governance Committee, chaired by David A. Barnes with members David Herzog, Pinkie Mayfield, and Karl Racine, handles director nominations, governance policies, and sustainability integration, reviewing environmental, social, and governance (ESG) matters to align with long-term strategy.^[84] DXC adheres to New York Stock Exchange (NYSE) listing standards for corporate governance, including majority independent board composition and annual stockholder approval of auditors, as outlined in its Corporate Governance Guidelines updated in 2024.^[85] The company mandates annual integrity training for all board members and employees through its Code of Conduct program, achieving 100% completion in fiscal year 2024 to reinforce ethical decision-making and compliance.^[86] In 2025, DXC enhanced its ESG reporting by publishing disclosures aligned with Global Reporting Initiative (GRI) standards and receiving an AA rating from MSCI, with the board overseeing progress on climate risk and diversity goals.^[87] The board emphasizes diversity, with 40% women directors, and engages shareholders through annual meetings, proxy statements, and direct dialogues to address governance concerns.^[82]

Social Responsibility and Sponsorships

Diversity and Inclusion Initiatives

DXC Technology has established a range of initiatives to foster diversity, equity, and inclusion (DEI) among its global workforce, emphasizing the creation of an environment where employees from varied backgrounds can thrive and contribute to innovation. The company's Social Impact Practice plays a central role, aiming to enhance societal outcomes and boost DEI through technology-driven programs that support underrepresented groups. These efforts include targeted employment pathways, leadership development, and community-building activities designed to address skills gaps and promote equitable opportunities.^[88] A flagship program is the DXC Dandelion Program, launched in 2014 in Australia and expanded globally, which connects neurodivergent individuals—particularly those on the autism spectrum—with meaningful IT roles. The initiative provides specialized training, mentorship, and workplace accommodations to build careers and fill critical technology skills shortages, resulting in over 350 participants securing fulfilling employment across private and public sectors by 2024. Recognized with awards for its innovative approach, the program has been rolled out to new regions, including Italy in 2025, demonstrating DXC's commitment to neurodiversity as a driver of workplace inclusion.^[89][90] To support women in technology, DXC operates employee resource groups (ERGs) such as Women @ DXC, alongside targeted leadership programs like SheLEADS@DXC in India, which builds a diverse talent pipeline through virtual training and networking. The company maintains over 20 ERGs globally, including PRIDE for LGBTQ+ employees, Latino Heritage, First Nations, and Veterans groups, which host events to celebrate diverse perspectives and enhance belonging. Partnerships with organizations like Microsoft (via the Codess program) and HerTechPath further promote gender diversity by inspiring young women to enter tech careers and providing skill-building opportunities.^[91][92] In terms of progress, DXC achieved a significant milestone in 2023 by reaching 40% women in its India workforce—up from 28% in 2020—ahead of its 2024 target, reflecting broader efforts to increase representation through inclusive hiring and development. These initiatives have contributed to a stronger inclusive culture, with the company earning recognition such as a gold medal from the Brandon Hall Group in 2022 for excellence in DEI. By prioritizing diverse perspectives, DXC reports enhanced innovation and employee engagement, powering its technology solutions and business results.^[93][94][88]

Community and Sports Sponsorships

DXC Technology has engaged in several high-profile sports sponsorships to leverage technology for event operations and global branding. As an official supporter of the Paris 2024 Olympic and Paralympic Games, DXC provided IT solutions for budget management, procurement, and operational efficiency, marking its first major involvement in the Olympic cycle.^[95][96] In soccer, DXC served as the sleeve sponsor for Manchester United from the 2022-2023 season, focusing on digital transformation to improve fan engagement for the club's 1.1 billion global followers.^[97][98] Additionally, DXC acted as the official IT partner for the Gothia Cup, the world's largest youth soccer tournament, developing custom applications for event management during its 2024 edition in Sweden.^[99] In 2025, DXC expanded into North American sports by becoming the official global technology partner for Monumental Sports & Entertainment, supporting the Washington Wizards, Washington Capitals, and the redevelopment of Capital One Arena with innovative IT infrastructure.^[100] Beyond sports, DXC supports community programs emphasizing education and crisis response. Through DXC's Social Impact Practice, including the DXC - India Foundation, the company donates technology and provides emergency assistance for disaster relief, including health crisis support in rural areas like Vietnam.^[91][101] In STEM education, DXC's Digital Futures Program delivers refurbished devices, computer literacy training, and hands-on STEM activities to underserved communities, aiming to foster innovation and address digital skills gaps.^[102][103] In fiscal year 2025, DXC achieved a 77% reduction in Scope 1 and 2 greenhouse gas emissions from its 2019 baseline, surpassing its 55% target commitment as part of broader climate technology initiatives, including recognition as a leader in America's Climate Leaders list. In 2025, DXC was ranked on Newsweek's America's Most Responsible Companies list, highlighting its commitments to environmental, social, and governance practices.^{[104][87][105]} These sponsorships align with DXC's strategic objectives of enhancing global visibility, building talent pipelines, and promoting sustainable technology adoption.^[102][100] By 2025, expansions in sustainable tech sponsorships, such as ESG-aligned partnerships, further support these goals while briefly referencing alignment with broader diversity efforts.^[105] DXC partners with universities to offer apprenticeships and internships that bridge education and industry needs. Examples include degree apprenticeships with the University of Central Lancashire, providing IT project experience to fill skills gaps, and collaborations with Multiverse for data-focused training programs.^[106][107] In 2025, DXC launched an AI-focused internship with Murdoch University in Australia to develop job-ready skills in emerging technologies.^[108]