DXC Technology Company reported a decline in revenues for the three months ended September 30, 2024, totaling $3,241 million, down 5.7% from $3,436 million in the same period of 2023. For the six months ended September 30, 2024, revenues decreased to $6,477 million from $6,882 million, reflecting a 5.9% decline. The decrease in revenue was attributed to a combination of unfavorable foreign currency exchange rates, business dispositions, and organic revenue declines, particularly in the Global Infrastructure Services (GIS) segment, which saw a 9.4% drop in Q2 fiscal 2025.

Total costs and expenses for the three months ended September 30, 2024, were $3,148 million, a decrease from $3,308 million in the prior year. For the six-month period, costs fell to $6,316 million from $6,676 million. Despite the reduction in costs, net income for the three months ended September 30, 2024, was $45 million, down 54.5% from $99 million in the same period of 2023. For the six months, net income decreased to $70 million from $141 million. The effective tax rate significantly increased to 51.6% for Q2 2025, compared to 22.7% in Q2 2024, primarily due to a global mix of income and U.S. tax on foreign income.

Earnings per share (EPS) reflected this decline, with basic and diluted EPS for the three months ended September 30, 2024, at $0.23, down from $0.49 in the same period of 2023. For the six months, EPS decreased to $0.38 from $0.66.

In terms of strategic developments, DXC incurred restructuring costs of $8 million for the six months ended September 30, 2024, as part of a global cost savings initiative aimed at aligning workforce and facility requirements. The company also reported a significant increase in comprehensive income for the three months ended September 30, 2024, at $109 million, compared to $63 million in the prior year.

As of September 30, 2024, total current assets were $5,007 million, down from $5,135 million as of March 31, 2024. Total assets decreased to $13,504 million, while total stockholders’ equity increased to $2,981 million from $2,811 million. The company maintained a total liquidity of $4.4 billion, including $1.2 billion in cash and cash equivalents.

DXC's ongoing legal matters include a class action lawsuit related to allegedly misleading statements regarding the company's performance, with a trial date set for May 2026. The company also continues to navigate tax disputes with the IRS, with expected resolutions not anticipated until at least fiscal year 2026.