The company announced its first quarter of fiscal 2020 (year ending in March) results after the market closed on August 8.
DXC reported revenue of $4.89 billion in the first quarter, a fall of 7.4% year-over-year.
In the first quarter of fiscal 2019, the company posted sales of $5.28 billion and EPS of $1.93.
Analysts expected the firm to post revenue of $4.89 billion and EPS of $1.70 in the first quarter of fiscal 2020.
Analysts expected DXC to post revenue of $20.82 billion and earnings of $8.20 in fiscal 2020.
DXC had earlier forecast fiscal 2020 revenue of $20.7 billion–$21.2 billion, and its estimated earnings of $7.75–$8.50.
Although its sales growth is far from encouraging, analysts expect earnings growth to pick up in 2021, and the company’s EPS could increase 16.0% next fiscal year.