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DXC Technology reports lower NZ revenues, profits up

Four New Zealand businesses report financial results
DXC's NZ revenues fell in 2019.

DXC's NZ revenues fell in 2019.

The New Zealand businesses of international technology services powerhouse DXC Technology reported lower revenues for the year to 31 March, 2019.

Financial statements across four DXC-owned businesses filed over the last two weeks show total sales of $147.6 million, down from $160.6 million.

Profit, however, lifted slightly from $13.5 million to $15.4 million.

The four reporting entities were UXC Holdings, Enterprise Services, CSC (New Zealand and Pacific) and Computer Science Corporation. 

UXC includes various acquired entities including Oxygen Business Solutions, DXC Eclipse, UXC Eclipse and Red Rock Consulting.

Sales from that unit fell from $50 million to $47.8 million but profit increased by over $1 million to nearly $8 million.

Enterprise Services saw revenues decline from $98.1 million to $91.6 million while profit lifted from $3.7 million to $5.3 million.

DXC Technology did not provide any commentary around the results.

DXC was founded in 2017 after it was spun out of HPE, the former enterprise products and services division of Hewlett-Packard.