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DXC TECHNOLOGY COMPANY

(DXC)
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DXC Technology and Micro Focus Announce a Strategic Initiative to Accelerate Mainframe Modernization

11/25/2021 | 03:53am EST

DXC Technology and Micro Focus Announce a Strategic Initiative to Accelerate Mainframe Modernization.

DXC Technology (NYSE: DXC) one of the world's largest IT services providers has announced a strategic initiative with Micro Focus, a leading enterprise software provider, to provide mainframe modernization and migration strategies to modernize mainframe estates.

As one of the world's largest providers of mainframe services, DXC supports leading Fortune 500 companies around the globe with over 9,000 experts across infrastructure, applications, and cloud technology. Together with the power of Micro Focus' Application Modernization and Connectivity Solutions, this will assist customers on their migration to the right technology solution for their organization.

'Our customers are looking for more value from their mission-critical applications and systems, to reach new markets, reduce costs and eliminate future risk,' stated Vinod Bagal, Executive Vice President, DXC Global Delivery, 'Through our Cloud Right approach, we will address this demand for mainframe transformation with the right investments, at the right time, on the right platforms. Together, DXC and Micro Focus are committed to delivering new technology, process, and automation to accelerate mainframe modernization and unlock further value in customers' estates.'

'With Micro Focus' more than 40 years of experience in modernizing business-critical applications running on the mainframe or distributed environments, this strategic partnership pairs DXC's mainframe services with the thousands of successful projects behind Micro Focus' Professional Services and solutions,' said Nick Wilson, President of Sales Micro Focus. 'We continue to expand our partnership with DXC, clearly establishing an unrivalled path to success and joint commitment to supporting customers on their modernization journeys. Whether that is cloud, DevOps-driven, or service-oriented, Micro Focus helps customers map their journey against a balance of cost, risk, and speed.'

Learn more about DXC's Cloud and Applications services.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services across the Enterprise Technology Stack to drive new levels of performance, competitiveness, and customer experience. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

Forward-Looking Statement

All statements in this press release that do not directly and exclusively relate to historical facts constitute 'forward-looking statements.' These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. Furthermore, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by, the coronavirus disease 2019 pandemic and the impact of varying private and governmental responses that affect our customers, employees, vendors and the economies and communities where they operate. For a written description of these factors, see the section titled 'Risk Factors' in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2021, and any updating information in subsequent SEC filings, including DXC's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021.

No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

Frank Hurteau

Corporate Media Relations

DXC Technology

+1-703-582-4665

Email

Adam Lee

Global Public and Analyst Relations

Micro Focus

(713) 826-2323

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DXC TECHNOLOGY COMPANY 1.53% 29.815 Delayed Quote.-8.92%
MICRO FOCUS INTERNATIONAL PLC 2.08% 441 Delayed Quote.3.37%
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Sales 2022 16 475 M - -
Net income 2022 217 M - -
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P/E ratio 2022 33,1x
Yield 2022 -
Capitalization 7 396 M 7 396 M -
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Nbr of Employees 134 000
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Michael J. Salvino President, Chief Executive Officer & Director
Kenneth P. Sharp Chief Financial Officer & Executive Vice President
Ian C. Read Chairman
Ken Corless EVP-Offerings & Strategic Partners
Kristie Grinnell Chief Information Officer & Senior Vice President
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