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OFFON

DXC TECHNOLOGY COMPANY

(DXC)
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DXC Technology : Download Annual Report

07/06/2021 | 08:06pm EDT

2021 Annual Report

Delivering

eXcellence for our

Customers and Colleagues

Message from the CEO

"Our transformation journey is well underway with clear results that illustrate our commitment to delivering excellence."

Mike Salvino

President and CEO

DXC Technology

I hope you and your families are doing well.

Let me start by thanking our DXC customers and colleagues for the trust they have placed in us. Our transformation journey is well underway with clear results that illustrate our commitment to delivering excellence.

We are proud to have launched our new brand, which gives clear meaning to the letters "DXC": "Delivering eXcellence for our Customers and Colleagues."

Our brand is innovative. Our new logo has two arrows pointing to the X, reminding us to deliver excellence in everything we do for our customers and colleagues. We also introduced our new core values: Deliver, Collaborate, Community, Care, and Do the right thing. This is truly a "new DXC."

We have been running a structured playbook, which is our proven methodology for how we transform a company to deliver sustainable growth. The stabilization phase was completed in FY21.

In FY21, starting with our colleagues, we moved from a workforce that was not engaged to one that is now engaged and inspired. Concerning our customers, we went from challenged accounts to building a level of customer intimacy where we are delivering, building strong partnerships and being proactive. We have simplified

our operating model and changed the direction of our revenues and margins from declining to improving. We are winning in the market, and we significantly decreased our debt, taking our balance sheet from highly leveraged to strengthened. These efforts are leading to stable revenue growth, improved margins and continued success in the market. We are on the right trajectory.

As the world witnesses the ongoing impact of the COVID-19 pandemic, our focus continues to be on our people. I am proud of the dedication and perseverance of our team as they continue to take care of themselves, each other and their families, and deliver for our customers.

1

Our Progress

Past

Today

People / Culture

Attrition

Inspired / Engaged

Customers

Challenged

Positive

Revenue / Margin Trajectory

Declining

Improving

Marketplace

Losing

Winning

Balance Sheet

Highly Leveraged

Strengthened

At the beginning of the outbreak, we enabled 99% of our people worldwide to work virtually and opened a COVID-19 Command Center that still runs 24/7. Employees have access to virtual mental health services and other resources. We have conducted mental health awareness and resiliency sessions and augmented our Employee Assistance Program globally. Where possible, in severely impacted geographies, we have increased health insurance benefits and deployed other specific support. And where necessary and permitted, we are facilitating access to vaccines in support of government roll-outs.

In closing, I am pleased with the momentum that we have achieved and confident we will continue to deliver excellence for our customers and colleagues in FY22 and the longer term. FY22 will be the year we build the foundation for growth. We will retain and continue to attract talent, and we will build on our customer intimacy to deliver revenue stability and continue to win in the market, all while we expand margins and deliver increased free cash flow.

Thank you for your trust and commitment to DXC.

Regards,

Mike Salvino

President and Chief Executive Officer

Recognition Highlights

152

2021 Fortune 500 List

2

Our Transformation Journey

We have delivered on our commitments, executing each phase of our playbook through a series of steps that we define as our transformation journey. Looking ahead, we will continue to execute against these five priorities to build a foundation for growth.

1 Inspire and Take Care

of Our Colleagues

2 Focus on Customers

3 Optimize Costs

4 Seize the Market

5 Build the Financial

Foundation

3

1 Inspire and Take Care of Our Colleagues

Our mission and values set high expectations for delivering excellence

In FY21, DXC launched our People First strategy to attract and retain top talent. We have a new leadership team and have significantly increased employee engagement by listening, seeking to understand and acting at pace.

Employee Engagement

72%

56%

FY20FY21

We significantly improved our employee engagement score as measured by two sentiments: "I would recommend DXC as a great place to work" and "I am happy to work at DXC."

Our Mission

Be an IT services company using the power of technology to build better futures for our customers, colleagues, environment and communities, helping our customers deliver business impact, and be the employer of choice.

Our Values

Deliver

We do what we say we are going to do.

Collaborate

We work as a team - globally and locally.

Community

We believe in stewardship and building a sustainable company that supports our communities.

Care

We take care of each other and foster a culture of inclusion and belonging.

Do the right thing

We act with integrity.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

DXC Technology Co. published this content on 07 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2021 00:05:05 UTC.


© Publicnow 2021
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Sales 2022 16 743 M - -
Net income 2022 430 M - -
Net Debt 2022 2 010 M - -
P/E ratio 2022 20,7x
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Capitalization 9 058 M 9 058 M -
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EV / Sales 2023 0,61x
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DXC Technology Company Technical Analysis Chart | DXC | US23355L1061 | MarketScreener
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 35,96 $
Average target price 45,27 $
Spread / Average Target 25,9%
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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 Executive VP-Technology, Offerings & Partners
Chris Drumgoole Chief Operating Officer & Executive Vice President
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