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DXC Beats on Q4 Earnings, Shares Fall on Weak FY25 Guidance
DXCDXC Technology(DXC) zacks.com·2024-05-18 01:26

The company's non-GAAP gross profit declined 6% to $798 million from $849 million in the year-ago quarter mainly due to lower revenues. However, the non-GAAP gross margin remained flat on a year-over-year basis at 23.6%. DXC Technology Company (DXC) reported better-than-expected results for the fourth quarter of fiscal 2024. The IT services and consulting company posted fourth-quarter non-GAAP earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 83 cents. However, the bottom line decre ...