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  • Wednesday, April 24, 2024

CSC, HPE Services Division Unveil Combined IT Services Firm DXC Technology


Computer Sciences Corp. and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services division have officially launched DXC Technology (NYSE: DXC) to offer a range of information technology services to public and private sector clients.

DXC’s management team rang the opening bell Monday on the New York Stock Exchange to mark the first trading day for the company.

CSC announced its merger with HPE ES in May last year and projected DXC will generate $26 billion in annual sales, with nearly $2.86 billion in projected revenue from the combined entity’s U.S. public sector business.

Mike Lawrie, DXC chairman, president and CEO, said the company aims to meet the needs of a “rapidly changing technology marketplace.”

The Tysons, Virginia-headquartered firm also plans to hold global launch activities such as employee events at more than 150 locations and an inaugural advertising campaign.

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