DXC Technology reported first-quarter fiscal 2027 results with total revenue of $3.00 billion, a 5.1% year-over-year decline (6.7% organic). The company posted GAAP diluted EPS of $0.73 and non-GAAP diluted EPS of $0.40, while free cash flow was $314 million and management maintained full-year guidance. Bookings rose 5% to $3.0 billion with a book-to-bill of 0.99x.

Financial Highlights

  • Total revenue: $3.00 billion for Q1 FY27, down 5.1% year-over-year (down 6.7% on an organic basis).
  • EBIT: $207 million; EBIT margin: 6.9% for Q1 FY27.
  • Adjusted EBIT: $150 million; adjusted EBIT margin: 5.0% for Q1 FY27.
  • Net income attributable to DXC common stockholders: $122 million; GAAP diluted EPS: $0.73; Non-GAAP diluted EPS: $0.40 (down 41.2% YoY).
  • Cash generated from operations: $418 million; Free cash flow: $314 million (includes $214 million litigation judgment proceeds in FY27).

Business Highlights

  • Bookings of $3.0 billion in Q1 FY27, up 5% year-over-year, resulting in a book-to-bill ratio of 0.99x.
  • Segment performance: Consulting and Engineering Services (CES) revenue $1,231 million (down 1.2% YoY; down 3.0% organic) with segment profit $100 million and an 8.1% margin.
  • Global Infrastructure Services (GIS) revenue $1,449 million (down 9.4% YoY; down 11.1% organic) with segment profit $38 million and a 2.6% margin; bookings in GIS increased 34.7% with a book-to-bill of 1.11x.
  • Insurance Software & Services revenue $319 million (up 1.9% YoY; up 1.4% organic) with segment profit $34 million and a 10.7% margin; Insurance bookings rose 3.6% but book-to-bill was 0.54x.
  • Leadership and strategic initiatives: management highlighted AI-enabled platform deployments via its Fast Track approach and announced Paul Taylor as incoming President to strengthen execution and focus.

Original SEC Filing:

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