DXC Technology Reports First Quarter Fiscal Year 2027 Results

DXC Technology released its financial results for the first quarter of fiscal year 2027. The company reported total revenue of $3.00 billion, a 5.1% decrease compared to the same period last year. Organic revenue saw a decline of 6.7%.

Bookings for the quarter reached $3.0 billion, marking a 5% increase year-over-year, with a book-to-bill ratio of 0.99x. The reported EBIT margin was 6.9%, while the adjusted EBIT margin stood at 5.0%.

Diluted earnings per share came in at $0.73. The company also provided non-GAAP financial information, detailing figures for operating income and adjusted operating income.

DXC Technology stated that it continues to execute its strategy aimed at improving operational performance and profitability. The company's leadership indicated that the first-quarter results provide a solid foundation for future performance.