Managed services News

DXC Earnings Preview: 4 Big Things To Focus On

Joseph F. Kovar

DXC Technology is a major player in the global IT services market and as it is set to report its financial earnings Wednesday, all eyes will be on the lookout for signs of growth.

Can DXC Continue Its Net Income Climb?

DXC on the net income front has seen cumulative GAAP net losses over the past five years of about $4.2 billion. However, three of the last five years have seen positive net income, with fiscal 2020 showing a massive net loss:

DXC Technology, Fiscal Year Net Income (Loss) 

FY 2018 $1.78B

FY 2019 $1.23B

FY 2020 ($5.36B)

FY 2021 ($146M)

FY 2022 $736M

Source: DXC Technology financials 

Fiscal third quarter GAAP net income has moved in a different pattern from fiscal year net income. Unlike all of fiscal 2022, third fiscal quarter 2022 revenue fell significantly compared with the previous year:

DXC Technology, Fiscal 3Q Net Income (Loss) 

FY 2018 $799M

FY 2019 $466M

FY 2020 $90M

FY 2021 $1.10B

FY 2022 $102M

Source: DXC Technology financials

Joseph F. Kovar

Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. He can be reached at

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