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#261 spanky123

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Posted 03 March 2021 - 09:30 AM

^ May have lost a contract?

 

Looks like DXC bought Advanced Solutions which was the BC Government's IT outsourcing firm.


Edited by spanky123, 03 March 2021 - 09:41 AM.


#262 VIResident

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Posted 03 March 2021 - 10:45 AM

DXC Technology Statement
News Release -- February 01, 2021

Tysons, Va., February 1, 2021 -- As previously announced, on January 6, 2021, DXC Technology (NYSE: DXC) (“DXC”) received an unsolicited, preliminary and non-binding proposal from Atos SE.  Prior to receiving the proposal, DXC had no knowledge of any interest from Atos.    

Consistent with its fiduciary duties, the DXC Board of Directors carefully evaluated the proposal, together with its financial and legal advisors.  The offer was determined to be inadequate and lacking certainty in light of the value the Board believes DXC can create on a standalone basis by executing our transformation journey.  

After sharing certain high-level information in order to help Atos understand why the Board believes the proposal undervalued DXC, Atos and DXC today agreed to discontinue further discussions.  https://www.dxc.tech...ology_statement



#263 VIResident

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Posted 03 March 2021 - 10:46 AM

https://www.dxc.tech...al_2021_results

DXC Technology Reports Third Quarter Fiscal 2021 Results
News Release -- February 04, 2021


#264 spanky123

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Posted 09 March 2021 - 08:04 AM

Don't know the scoop with DXC specifically but was talking to a few friends in the consulting industry and the fear right now is that Government (all levels) will cut back on outsourcing to save money. I am told that back in 2000 the Fed and Province basically banned consulting and outsourcing agreements for nearly 3 years after the tech melt down which forced many local firms out of business or at least into hibernation.



 



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