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Thursday 23 May 2024

*UKHotVewsExtra* Will AI help DXC to finally turn the corner?

DXCAnnounced last week, DXC Technology’s latest full-year financials drew a line under another twelve months of falling revenue. On the plus side, the US IT services giant's FY24 results also revealed a small profit of $86m, which was a welcome improvement on the $566m loss reported for the previous fiscal.

Despite its travails, DXC remains a major player in the global technology market, with a broad footprint and a comprehensive array of offerings. As it looks to the future, like many of its peers, DXC has been increasingly focusing its attention on the evolving opportunity around AI. Fortunately for DXC, whilst it may not yet quite be “best in class” in terms of AI (as was predicted by former CEO, Mike Salvino), the company already has a strong foundation in this area. Just last week, DXC announced another step in its AI journey with the news that it is working jointly with Microsoft and infrastructure specialist, Ferrovial, to develop a generative AI platform called Quercus. The platform is designed to help organisations integrate secure, responsible AI solutions throughout their business operations to automate processes for improved profitability and efficiency. 

HVPMore than seven years on from the formation of the company, Research Director, Jon Davies, casts an eye over the performance to DXC Technology date and discusses what the future may potentially hold. TechmarketView customers including subscribers to HotViewsPremium can learn more by downloading "Will AI help DXC to finally turn the corner?"

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Posted by: Jon C Davies at 08:40

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