The new company formed through the merger of CSC with the Enterprise Services business of Hewlett Packard Enterprise (HPE), DXC Technology, has publicly debuted on the New York Stock Exchange (NYSE) as the world’s largest end-to-end IT services company.
The new company will have annual revenues of $25 billion with 170,000 staff and nearly 6000 enterprise and public sector clients in 70 countries.
“DXC Technology represents a new beginning for our clients, partners and employees in Australia and New Zealand, and for our global community,” said Seelan Nayagam, managing director, DXC Technology Australia and New Zealand.
“We have been presented with a unique opportunity to launch a new company and brand based on the combined experience and talent of two IT services leaders. As DXC Technology, we will harness the best skills and latest technologies to help our clients transform their businesses and thrive on change.”
DXC will operate in six regions – Americas; United Kingdom and Ireland, including Israel; North and Central Europe; Southern Europe; Asia, Middle East and Africa; and Australia and New Zealand.
The company, which will operate in six regions – Amer is expecting first year synergies of approximately $1 billion post-code, with a run rate of $1.5 billion by the end of year one.
John Madden, global practice leader, IT services at analyst firm Ovum, said, “Bringing together two well-known and experienced IT services players into a unified organisation will give customers a strong new provider option as the digital transformation trend continues in the market.
“DXC Technology, as a pure-play services provider, can build on HPE Enterprise Services’ and CSC’s successful histories in cloud, security, application services, mobility and BPO throughout multiple vertical industries with customers who are undergoing various stages of transformation.”
SAP is among DXC Technology’s 14 strategic partners.
“With a shared vision and strategy to innovate and accelerate the world’s largest enterprises and government agencies in their digital transformation journeys, SAP is proud to be one of DXC’s premier strategic partners,” said Justin Battles, vice president, business development strategic ecosystem, SAP.
“DXC has the ability to deliver the full suite of SAP applications and rapidly migrate customers to SAP S/4HANA, helping them run simple in today’s digital economy.”
