DXC Technology Australia has posted statutory net loss after tax of AU$101.8 million for fiscal 2018, down from the net profit of AU$377 million recorded during the previous financial year.
However, the company noted that without a number of one-off restructuring activities that resulted from the merger between Computer Sciences Corp (CSC) and the enterprise services business of Hewlett Packard Enterprise (HPE), underlying net profit would have been AU$11.8 billion, down from the AU$29 billion reported during fiscal 2017.
"Following the acquisition of DXC United Limited and global merger with the Enterprise Services segment of Hewlett Packard Enterprise, the company implemented a number of significant restructuring activities to simplify the current business model and create synergies across all service lines," the company said.
DXC Technology Australia, which wholly-owned 91 subsidiaries during the period, paid AU$10.7 million in income tax for the year.
See also: Hybrid IT leads the way in HPE's revamped business strategy expenses was AU$357.7 million, down AU$368 million, the company's 2018 financial report stated.
DXC said however, the company's revenue from continuing operations would have been in a better state coming in at AU$2.3 billion had transactions related to its internal restructure been effective at 1 April 2017.
Following the merger, DXC Australia acquired Sable Systems for AU$34 million and Systems Partners for AU$22 million.