DXC Technology forecasts Q1 and full-year revenue below estimates due to macroeconomic uncertainty.

IT management firm DXC Technology forecasts first-quarter and full-year revenue below estimates, due to macroeconomic uncertainty causing cautious client spending and rising borrowing costs affecting IT spending. DXC's shares dropped 18%. The company's global IT infrastructure system segment revenue decreased by 9% in Q4, and DXC now expects first-quarter revenue between $3.10B-$3.15B, below analysts' average expectation of $3.30B.

May 16, 2024
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