PRESS RELEASE: DXC Technology, a new organization created by the merger of CSC with the Enterprise Services business of Hewlett Packard Enterprise (HPE), publicly debuted today as the world’s leading independent, end-to-end IT services company. The new company today began trading on the New York Stock Exchange under the trading symbol “DXC.”
“Technology is transforming business and industry at an extraordinary pace, and DXC Technology will help clients to thrive on change,” said Mike Lawrie, DXC Technology chairman, president and chief executive officer. “Our goal is to produce greater value for clients, partners and shareholders, along with compelling career opportunities for our people.
“Together with our partners, we help clients harness the power of innovation to create new business outcomes,” Lawrie continued. “Our technology independence, extensive partner network, and world-class talent are core differentiators. We begin the new chapter in our journey knowing that collectively we have met the challenges of innovation many times before, and with a clear and confident vision for navigating the future.”
DXC Technology has established a differentiated operating model to deliver a seamless client experience as technology solutions are built, sold and delivered. With $25 billion in annual revenues, DXC Technology has nearly 6,000 enterprise and public sector clients in 70 countries, an expansive global partner network and approximately 170,000 employees.
Digital Offering Families, Deep Industry Experience, Partner Network, Global Footprint
With more than 60 years of experience serving the largest public and private enterprises in the most mission critical environments, DXC Technology delivers world-class digital offerings developed jointly with its Partner Network. These include Cloud, Workload, Platforms & ITO; Workplace and Mobility; Security; Analytics; Application Services; Enterprise and Cloud Apps; Consulting; Business Process Services; and Industry Software and Solutions.
In addition to exclusive IP for a variety of sectors including insurance, healthcare & life sciences, and travel & transportation, DXC Technology also has deep experience in aerospace & defense, automotive, chemical, communications, media & entertainment, consumer products & retail, energy, manufacturing and technology.
DXC Technology has established more than 250 industry-leading global Partner Network relationships, including 14 strategic partners: Amazon Web Services, AT&T, Dell EMC, HCL, HPE, HP, IBM, Lenovo, Micro Focus, Microsoft, Oracle, PwC, SAP and ServiceNow.
The new company will operate in six global regions: Americas; United Kingdom & Ireland, which includes Israel; North & Central Europe; Southern Europe; Asia, Middle East & Africa; and Australia and New Zealand. Its U.S. Public Sector business (USPS) provides IT services to U.S. federal, state and local governments. Its CeleritiFinTech joint venture with HCL Technologies serves banking and capital markets. DXC Technology subsidiaries include Fixnetix, Fruition Partners and Xchanging.
“In the UK, Ireland and Israel, DXC Technology proudly serves a wide portfolio of clients, including some of the world’s largest banks and insurers, manufacturers and public sector organisations at the heart of delivering national infrastructure, defence and security,” said Nick Wilson, senior vice president and general manager, UK&I. “Our scale, independence and focus on leading digital transformation will produce new beneficial outcomes for our clients, and presents new career development opportunities for our people. We look forward to guiding our clients on their digital transformation journeys by helping them innovate and thrive on change.”
DXC Technology in the UK, Ireland & Israel Region has a diverse and skilled workforce. Many of the company’s regional clients are responsible for the UK’s infrastructure, defence and security while others are global leaders in banking, communications, manufacturing, retail, energy and utilities. The company serves the heart of the London insurance market and is integral to the operations of the UK National Health Service (NHS). Its expertise in transport has helped Britain’s railway network use data more efficiently to improve services for the train operating companies and the travelling public.
NYSE Listing – DXC First Day of Trading
Lawrie today rang the NYSE Opening Bell, kicking off the start of DXC stock trading on the public market, as well as employee celebrations in more than 150 locations worldwide. Click here for photo and video.
The company today also began a significant advertising campaign to introduce itself in the market.