DXC Technology reports Q3 adjusted EPS 87c, consensus 77c

Reports Q3 revenue $3.4B, consensus $3.36B. Raul Fernandez, Chief Executive Officer commented: “I am pleased to report that DXC delivered strong performance in the third quarter of fiscal ’24. We achieved or exceeded our third quarter organic revenue, adjusted EBIT and non-GAAP EPS guidance and delivered $585 million of free cash flow in the quarter. The team is focused on building on this progress as we evolve the operating model to strengthen our go-to-market presence across the offerings. We are committed to continuing the strategy and capital allocation program that we have previously outlined. DXC has an abundance of world class mission critical and digital solutions, deployed and operating every day around the world. I am fully convinced that this rich combination of talent and capabilities will enable DXC to compete and win in the marketplace, and drive significant value for our colleagues, customers and shareholders.”