Why DXC Stock Gained Today
Shares of DXC Technology (NYSE: DXC) have gained today, up by 5% as of 1:20 p.m. EDT, after the company reported fiscal first-quarter earnings. Both top- and bottom-line results beat analyst expectations.
Revenue in the fiscal first quarter came in at $4.5 billion, ahead of the $4.3 billion in sales that Wall Street was looking for. That resulted in adjusted net income of $59 million, or $0.21 per share. The consensus estimate had called for just $0.11 per share in adjusted profits. The information technology consulting company said total bookings were $5.3 billion during the quarter, representing a book-to-bill ratio of 1.2.
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Source Fool.com
