Home / Financial Report / Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

The company set to be formed by the merger of Computer Sciences Corp. (NYSE: CSC) and the enterprise services segment of Hewlett Packard Enterprise (NYSE: HPE) will operate under the “DXC Technology” name upon the deal’s scheduled April 3 closure.

CSC said Wednesday the future company will list on the New York Stock Exchange under the ticker symbol “DXC” and expects to generate $26 billion in annual revenue from close to 6,000 clients in over 70 countries.

Of that $26 billion, CSC projects DXC to record nearly 11 percent — or $2.86 billion — in sales per year from U.S. public sector customers.

CSC spun off its former U.S. government business in November 2015 to help create the company now known as CSRA (NYSE: CSRA) and both entities entered a two-year non-compete agreement that forbade CSC from federal market activities with additional restrictions on the companies regarding state and local markets.

CSC and CSRA disclosed Tuesday they have amended that agreement to ease CSC’s limits on government market business at the federal, state and local levels.

Check Also

E-TAS Lands $97M Contract for Technical Support to DOE Portsmouth/Paducah Project Office

Enterprise Technical Assistance Services will provide technical support services to a Department of Energy project office that oversees environmental legacy cleanup efforts at Portsmouth and Paducah uranium enrichment sites under a potential $97.1M contract, according to a FedBizOpps notice posted Thursday.

HPE, NASA Develop ‘Aitken’ Supercomputer to Support Manned Lunar Missions

Hewlett Packard Enterprise (NYSE: HPE) has developed a supercomputer named after astronomer Robert Grant Aitken designed to help NASA’s Ames Research Center run modeling and simulations to support the space agency’s lunar missions.