Company type | Public |
---|---|
| |
Industry | |
Predecessors | |
Founded | April 3, 2017 |
Headquarters | , U.S. [2] |
Area served | Worldwide |
Key people |
|
Revenue | US$16.27 billion (2022) |
US$139 million (2022) | |
US$718 million (2022) | |
Total assets | US$20.14 billion (2022) |
Total equity | US$12billion (2022) |
Number of employees | 130,000 (March 2022) |
Subsidiaries | |
Website | www |
Footnotes /references Financials as of March 31,2022 [update] [2] |
DXC Technology Company is a pan American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia. [4]
DXC Technology was founded on April 3, 2017, when Hewlett Packard Enterprise’s Enterprise Services business unit merged with Computer Sciences Corporation. The company provided business-to-business IT services. [5] It began trading on the New York Stock Exchange under the symbol DXC. [6] At the time of its creation, DXC Technology had revenues of $25 billion. [7]
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% (around 10,000) employees. [8] With about 43,000 employees (more than a third of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile. [9] [ needs update ]
In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc. [10]
Mike Salvino, the former Accenture chief group executive, was named president and CEO of DXC Technology in 2019. [11]
Raul Fernandez, who was in the board of directors, was appointed as the president and chief executive officer of DXC Technology in 2024.
In February 2021, French technology services and consulting firm Atos ended talks for a potential acquisition of DXC. [12] [13] Atos had proposed for US$10 billion including debt for acquisition. [14] [15]
As of November 2021 [update] , DXC employed 134,000 in over 70 countries, including the United States, India, the Philippines, Central Europe and Vietnam. [16] [17]
In October 2023, DXC was delisted from S&P 500 Index, and moved to the S&P SmallCap 600 Index. [1]
In July 2017, DXC purchased enterprise software company Tribridge and its affiliate company Concerto Cloud Services for $152 million. [18] [19]
In 2018, it announced additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM. [20]
In January 2019, DXC Technology acquired Luxoft. The deal closed in June 2019. [21]
Piloted in Adelaide, South Australia, in 2014, the DXC Dandelion Program has grown to over 100 employees in Australia, [22] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism. [23] In June 2021, DXC piloted the Dandelion Program in the UK.
The company sponsored Team Penske [24] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018, became title sponsor of IndyCar Series race DXC Technology 600. [25] DXC is also a partner of Australian Rugby Union team Brumbies. [26] In 2022, the company became the new sleeve sponsor for English football club Manchester United. [27] In May 2023, the company signed a multi-year partnership with Scuderia Ferrari starting from the 2023 Miami Grand Prix onwards. [28] [29]
Scuderia Ferrari, currently competing as Scuderia Ferrari HP, is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. The team is also known by the nickname "The Prancing Horse", in reference to their logo. It is the oldest surviving and most successful Formula One team, having competed in every world championship since 1950.
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures.
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Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. It is a part of the Tata Group and operates in 150 locations across 46 countries. In March 2024, it was reported that TCS had more than 601,546 employees worldwide. TCS is the second-largest Indian company by market capitalization, the most valuable IT service brands worldwide, and the top Big Tech (India) company. In 2012, it was the world's second-largest user of U.S. H-1B visas.
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Cognizant Technology Solutions Corporation is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, U.S. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996.
Atos is a French multinational information technology (IT) service and consulting company with headquarters in Bezons, France, and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. Atos operates worldwide under the brands Atos, Atos|Syntel, Atos Consulting, Atos Healthcare, Atos Worldgrid, Groupe Bull, Canopy, Maven Wave, and Unify.
Capgemini SE is a French multinational information technology (IT) services and consulting company, headquartered in Paris, France.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies. Brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services.
HCL Technologies Limited, doing business as HCLTech, is an Indian multinational information technology (IT) consulting company headquartered in Noida. Founded by Shiv Nadar, it was spun out in 1991 when HCL entered into the software services business. The company has offices in 52 countries and over 225,944 employees.
Avanade is a global professional services company providing IT consulting and services focused on the Microsoft platform with artificial intelligence, business analytics, cloud, application services, digital transformation, modern workplace, security services, technology and managed services offerings. Headquartered in Seattle, the company has 50,000 employees in 26 countries. Avanade serves 34% of the Fortune 500 and 46% of the Fortune Global 500.
Wipro Limited is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.
NTT DATA Corporation is a Japanese multinational information technology (IT) service and consulting company headquartered in Tokyo, Japan. It is a partially-owned subsidiary of Nippon Telegraph and Telephone (NTT).
Chennai is the third largest software exporter in India, next only to Bangalore and Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.8% per cent to touch 1,11,179 crore, involving a workforce of 780,000, and the city is the hub for deep tech startup companies. Many software and software services companies have development centres in Chennai, which contributed 14 percent of India's total software exports of ₹ 14,42,140 lakh during 2006–07, making it the third largest Indian city software exporter following Bangalore, Hyderabad and the city is the home for 7 top rated IT companies out of 15 in India. The Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development. A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai. The total employment in the Tamil Nadu’s technology sector crossed the one million mark in the quarter ended June 2022.
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CEVA Logistics is a global logistics and supply chain company that operates both freight management and contract logistics. It was purchased by the CMA CGM group in 2019. Since this purchase, CMA CGM has acquired other logistics and transportation companies to merge with and develop CEVA Logistics, such as Ingram Micro Commerce & Lifecycle Services and GEFCO.
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