Summary Bullets:
• In the same month DXC announced two new acquisitions, the company said it is may sell off three non-core business units
• DXC wants to invest the proceeds to strengthen its core IT outsourcing business
Less than two months after assuming the role of President and CEO at DXC, Mike Salvino made waves when he told financial analysts on an earnings call the company is considering the sale of non-core business units. Saviano said executives are looking seriously at divesting three organizations: Workplace & Mobility; U.S. State and Local Health Human Services; and Horizontal Business Process Services. This comes as DXC posted dismal Q2 FY 2020 earnings that saw revenues slide 3.4% versus the same quarter a year ago. Continue reading “DXC Technology Considers Divesting Non-Core Units After Reporting a Multi-Billion Quarterly Loss”
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