DXC Technology Stock Falls After Q4 Earnings, Names New CFO
Portfolio Pulse from Lekha Gupta
DXC Technology reported a Q4 FY23 revenue decline of 10.4% Y/Y to $3.59 billion, missing the consensus of $3.62 billion. The company also announced the appointment of Rob Del Bene as CFO, effective June 15, 2023. DXC shares are trading lower by 2.27% premarket.
May 19, 2023 | 11:48 am
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DXC Technology's Q4 FY23 revenue declined 10.4% Y/Y, missing expectations. The company also appointed a new CFO, and shares are down 2.27% premarket.
DXC Technology's Q4 FY23 revenue decline and the miss on consensus estimates are likely to negatively impact the stock price in the short term. The appointment of a new CFO may also contribute to uncertainty among investors, leading to a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100