DXC Increases Annual Forecast Due to Strong Cloud Demand

Reported 3 days ago

DXC Technology has raised its annual revenue and profit outlook, attributing this increase to robust enterprise spending on cloud solutions influenced by significant investments in artificial intelligence. CEO Raul Fernandez noted that the firm is integrating AI across its offerings to enhance client outcomes, as demand for their services climbs alongside businesses seeking to modernize their IT frameworks. DXC now expects revenue between $12.61 billion and $12.87 billion, surpassing previous projections.

Source: YAHOO

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