DXC Technology Third Quarter 2024 Earnings: Beats Expectations

DXC Technology (NYSE:DXC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.40b (down 4.7% from 3Q 2023).
• Net income: US$156.0m (up 164% from 3Q 2023).
• Profit margin: 4.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.82 (up from US$0.26 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DXC Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 189%.

Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the IT industry in the US are expected to grow by 10%.

Performance of the American IT industry.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on DXC Technology's balance sheet.

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