DXC Technology Reports Third Quarter Fiscal 2020 Results

We define segment profit as segment revenues less costs of services, segment selling, general and administrative, depreciation and amortization, and other income (excluding the movement in foreign currency exchange rates on our foreign currency denominated assets and liabilities and the related economic hedges). The Company does not allocate to its segments certain operating expenses managed at the corporate level. These unallocated costs include certain corporate function costs, stock-based compensation expense, pension and OPEB actuarial and settlement gains and losses, restructuring costs, transaction, separation and integration-related costs, and amortization of acquired intangible assets.

Segment Profit

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

(in millions)

 

December 31,

2019

 

December 31,

2018

 

December 31,

2019

 

December 31,

2018

Profit

 

 

 

 

 

 

 

 

GBS profit

 

$

353

 

 

$

395

 

 

$

1,078

 

 

$

1,198

 

GIS profit

 

232

 

 

528

 

 

815

 

 

1,475

 

All other loss

 

(57

)

 

(83

)

 

(184

)

 

(231

)

Interest income

 

33

 

 

27

 

 

130

 

 

92

 

Interest expense

 

(93

)

 

(81

)

 

(288

)

 

(249

)

Restructuring costs

 

(74

)

 

(76

)

 

(248

)

 

(418

)

Transaction, separation and integration-related costs

 

(68

)

 

(107

)

 

(226

)

 

(305

)

Amortization of acquired intangible assets

 

(146

)

 

(134

)

 

(435

)

 

(401

)

Goodwill impairment losses

 

(53

)

 

 

 

(2,940

)

 

 

Gain on arbitration award

 

 

 

 

 

632

 

 

 

Income (loss) from continuing operations before income taxes

 

$

127

 

 

$

469

 

 

$

(1,666

)

 

$

1,161

 

 

 

 

 

 

 

 

 

 

Segment profit margins

 

 

 

 

 

 

 

 

GBS

 

15.0

%

 

18.2

%

 

15.8

%

 

18.5

%

GIS

 

8.7

%

 

17.5

%

 

10.2

%

 

16.4

%


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