DXC Takeover Talks Continue, CEO Says
Summary
Global IT services provider and takeover target DXC reported a sales decline for its most recent quarter but CEO Mike Salvino said “we have our execution momentum back.” Salvino, president and CEO of Ashburn, Va.-based DXC, late Thursday afternoon during the company’s second fiscal quarter 2023 quarterly conference call, mentioned the disclosure by DXC earlier last month of news that it had been approached by a “financial sponsor” considering acquiring the company. We do not intend to comment further on this matter.” Word about a potential private equity company looking at acquiring DXC first arose in late September when Bloomberg broke the news. “Our growth in GBS demonstrates that we can recruit and retain top talent like engineers and software developers who create innovative solutions for our customers,” he said. In GIS, DXC’s sales organization is oriented toward RFP-focused selling, which is highly price competitive, he said. I’m very proud of the culture that we put together, especially how we‘ve cared for people during the COVID also the Russia--Ukraine situation.