DXC Technology Stock Plunges After Earnings as 2027 Outlook Clouds AI Turnaround
DXC Technology shares fell 23% to $9.20 after forecasting another year of organic revenue declines and reporting a GAAP loss of 84 cents per share for the fiscal fourth quarter. Revenue dropped 1.2% to $3.13 billion, with organic revenue down 6.6%. Bookings fell 14% from a year earlier. Management cited weak demand for short-term project work, especially in Global Infrastructure Services.