On May 23, DXC will report its Q4 and fiscal year results . I suspect it will be bad news in regard to sales revenue and gross margin. But, ML will spin it and highlight cost deductions ( people like us) and new acquisitions. A tale of moving pieces on the board to dilute the fundamentals that DXC has zero relevance to clients anymore and they are not signing new contracts or not renewing existing contracts. Morale and motivation of the DXC field sales and delivery organization is in chaos and will continue to get worse since DXC management at the VP/ Director level of support to their direct reports is horrible across the US.
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The gutting has already begun. CPS is taking some pretty big hits in the americas. Some engineering teams have been cut by over 50%. It's going to be a bloodbath between now and the end of the month.
This is where you bonuses that you didn't get went:
https://www.palmbeachdailynews.com/news/20190402/palm-beach-homes-north-end-couple-pays-685m-for-property-near-their-house+&cd=1&hl=en&ct=clnk&gl=uk
No mention of the Steak Cutter
@YXcO0ks-1dpk - so funny your statements about ML.
it is all bad news we get from DXC, but it does not hurt to laugh about it from time to time.
It is so strange that this can continue and nobody notices that the only mean of existence for DXC at the moment, is to fill the pockets of the CEO and his club.
In the meantime they sell it to the stakehouders like selling holiday pictures to blind people.
as soon as they have enough (will they ever) - DXC will be an empty box - and so will the shares be.
Oh and as for the original question, anyone with experience in past analyst calls will expect to hear:
mumble mumble (quietly mentioned) falling revenue mumble
followed by:
LOOK WE BOUGHT ANOTHER (TINY) COMPANY AND THEY ARE CLOUD AI BLOCK CHAIN SELF DRIVING CAR 3.0!!!
DIGITAL REVENUE IS 100% UP! (from $2.50 to $5.00)
COSTS HAVE BEEN REDUCED! (by firing 10,000 people that were being billed to clients)
WE HIT OUR TARGETS (the accounts have been adjusted so I get my bonus)
And then the analysts wade in talking about wanting to know what colour the new yacht Mikey is buying will be and do you think digital will grow more next year.
Everyone pats themselves on the back and the circus crashes on to another FY.
@YXcO0ks-vbn Mikey gets $50,000 bonus? Dream on sunshine...
Currently:
$6.6 million in salary:
https://finance.yahoo.com/quote/DXC/profile?p=DXC
No current figure for his bonus but in 2016 it was $2,250,000
https://www1.salary.com/J-Michael-Lawrie-Salary-Bonus-Stock-Options-for-COMPUTER-SCIENCES-CORP.html
Given that his base salary in 2018/19 was double that of 2016, I expect the bonus is too.
And then share options on top take him to probably somewhere around $30,000,000+.
What did you get? I know what I and everyone else around me got in pay rise and bonus... $0.00
But I'm sure he's worth every penny because all the success and earnings of the company are his own personal work. He designs and builds every project, fixes every trouble ticket and personally arranges every sales deal. He's a one man corporation!
Where are the results from the Employee Survey? Anyone else notice they quietly buried this info and never reported it back to us.
DXC field sales and delivery organization is in chaos and will continue to get worse since DXC management at the VP/ Director level of support to their direct reports is horrible across the US.
So true!!!!!
Also because there have been no pay increases or bonus for any US technical employee in years , but ML still get's $50,000 a year bonus and HUGE pay increases. #ISeeDXC in the toilet
I have faith on getting my WFR on this round.