DXC Technology


DXC Technology is an American multinational corporation that provides B2B IT services.

History

Creation

DXC Technology was founded in 2017 and its merger with Computer Sciences Corporation. At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.
The spinoff from HPE did not include two parts of the Enterprise Service segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group.
In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and reduce headcount by 5.9% employees. With about 43,000 employees in India, the company is restructuring its workforce to meet its new revenue profile.
In 2017, DXC split off its public sector segment to create a new company, Perspecta Inc.

Acquisitions

In 2017, the company completed its first acquisition, buying Tribridge, a provider of Microsoft Dynamics 365 solutions.
In 2018, it announced several additional acquisitions, including Molina Medicaid Solutions, Argodesign and two ServiceNow partners, BusinessNow and TESM.
In January 2019, DXC Technology acquired Luxoft. According to the information from SEC database, DXC Technology now owns 83% of Luxoft shares. The eventual close of the deal was in June 2019.

Programmes and sponsorships

Dandelion Program

Piloted in Adelaide, Australia, in 2014; the DXC Dandelion Program has grown to over 100 employees in Australia, working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.

Sport

The company sponsors Team Penske with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600. DXC is also a partner of Australian Rugby Union team Brumbies.