DXC Technology

DXC Technology Company

Company type	Public
Industry	Information technology services and consulting
Founded	April 3, 2017 (2017-04-03)
Headquarters	Ashburn, Virginia , United States
Area served	Worldwide (70+ countries)
Key people	Raul Fernandez (CEO, effective February 1, 2024), Mike Salvino (former CEO and chairman)
Products	IT services and consulting
Number of employees	125,000+ (2024)
Website	www.dxc.com

DXC Technology Company is a global American corporation specializing in information technology (IT) services and consulting, with its headquarters located in Ashburn, Virginia.

History

Established on April 3, 2017, DXC Technology emerged from the merger of Hewlett Packard Enterprise’s Enterprise Services division and Computer Sciences Corporation. The company operates in the business-to-business IT services sector and began trading on the New York Stock Exchange under the ticker DXC. At launch, DXC reported revenues of $25 billion, supporting around 6,000 corporate and government clients in 70 countries with an employee base near 170,000.

In July 2017, DXC embarked on a three-year initiative aimed at consolidating its footprint in India by reducing its offices from 50 to 26 and decreasing staff by roughly 10,000, representing a 5.9% workforce reduction. The following year, it spun off its US public sector business into a separate entity named Perspecta Inc.. By mid-2019, with approximately 43,000 employees in India—one of its largest operational centers—the company realigned its workforce to better meet revised revenue objectives.

Mike Salvino, formerly of Accenture, took over as president and CEO in September 2019. In February 2021, French company Atos terminated acquisition discussions for DXC valued at $10 billion including debt.

By late 2021, DXC employed roughly 130,000 individuals across more than 70 nations, maintaining key innovation and delivery hubs in India, the Philippines, Central Europe, and Vietnam. In May 2022, Salvino assumed the additional role of chairman of the board following Ian Read’s retirement.

In October 2023, DXC was delisted from the S&P 500 and transitioned to the S&P SmallCap 600. Subsequently, in December 2023, Salvino resigned as CEO. Raul Fernandez, who had been serving on the board, was appointed CEO effective February 1, 2024.

As of November 2024, the company’s workforce exceeds 125,000 employees spread over more than 70 countries, with over 43,000 personnel stationed at twelve locations across seven principal Indian cities.

Acquisitions

In July 2017, DXC purchased enterprise software firm Tribridge along with its subsidiary Concerto Cloud Services for $152 million. The company further expanded in 2018 by acquiring Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign, and two ServiceNow partners: BusinessNow and TESM. In January 2019, DXC announced its acquisition of Luxoft, which was finalized in June that year.

Dandelion Program

Initially launched in Adelaide, Australia in 2014, the DXC Dandelion Program employs over one hundred individuals domestically and collaborates with more than 240 organizations across seventy-one countries to promote sustainable employment opportunities for people with autism. This initiative extended into the UK market in June 2021.

Sports

DXC sponsors Team Penske, including notable figures such as 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud. It became the title sponsor of the IndyCar Series race named DXC Technology 600 starting in 2018. Additionally, DXC partners with the Australian Rugby Union team Brumbies. In 2022, it secured a sleeve sponsorship deal with Manchester United while managing their digital platforms. In May 2023, DXC entered into a multi-year agreement with Scuderia Ferrari commencing at the Miami Grand Prix that year.

See also

• List of IT consulting firms