Investing.com - DXC Technology reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DXC Technology announced earnings per share of $0.84 on revenue of $4.14B. Analysts polled by Investing.com anticipated EPS of $0.7469 on revenue of $4.13B.
DXC Technology shares are up 18% from the beginning of the year and are trading at $42.19 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.22% from the start of the year.
DXC Technology follows other major Information Technology sector earnings this month
DXC Technology's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on July 27 with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.92 on revenue of $44.22B.
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