DXC Technology Hires Advisor, Rumored to be in Talks with KKR

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DXC ($NYSE:DXC) Technology is a leading IT services and technology company with a market capitalization of $6.6 billion. According to media reports that appeared in early September of 2022, DXC Technology has hired an advisor and is in talks with at least one private equity firm, with KKR being singled out as a potential suitor. DXC Technology provides a full range of IT services and solutions to clients around the world. The company has a strong track record of delivering innovative and high-quality services and solutions. DXC Technology has a broad portfolio of clients, including many large enterprises. The rumors of a possible sale of DXC Technology come as the company is facing some challenges. DXC Technology has been working to turnaround its business, but has struggled to achieve sustained profitability. In addition, the company has a large debt burden. A sale of the company could help to address these challenges. KKR is a leading global investment firm with a strong track record in the technology sector. KKR has helped to finance some of the world’s most successful technology companies, including GoDaddy and Avaya. KKR’s experience in the technology sector makes it a logical potential buyer for DXC Technology. The sale of DXC Technology would be a major transaction in the technology sector. The company’s large size and global reach would make it an attractive target for many private equity firms and strategic buyers.

However, the sale process is still in its early stages and it is not yet clear if a deal will ultimately be reached.

Stock Price

DXC Technology stock opened at $28.2 on Friday and closed at $29.0, up by 2.2% from the previous closing price of $28.4. This possible sale comes as the company looks to streamline its operations and focus on its core business.

VI Analysis

A company’s fundamentals are a reflection of its long term potential. The VI app makes it easy to analyze a company’s financial and business risk. Based on the VI Risk Rating, DXC TECHNOLOGY is a medium risk investment.

The app has detected 2 risk warnings in the income sheet and balance sheet. Register on vi.app to check it out.

VI Peers

The company’s competitors include Broadridge Financial Solutions Inc, Ework Group AB, and RTS Technology Holdings Bhd.

– Broadridge Financial Solutions Inc ($NYSE:BR)

As of 2022, Broadridge Financial Solutions Inc has a market cap of 21.78B and a Return on Equity of 25.4%. The company provides clearing and settlement solutions for the financial services industry.

– Ework Group AB ($LTS:0MCB)

Ework Group is a Swedish company that provides staffing and consulting services. The company was founded in 1999 and is headquartered in Stockholm. As of 2022, the company has a market cap of 1.98B and a ROE of 56.2%. The company’s main business is providing staffing and consulting services to companies in a variety of industries. In recent years, the company has been expanding its business into new areas such as IT and management consulting.

– RTS Technology Holdings Bhd ($KLSE:03039)

RTS Technology Holdings Bhd is a technology company that provides solutions for the retail industry. It has a market cap of 20.53M as of 2022 and a return on equity of 15.84%. The company offers a range of products and services, including point-of-sale systems, inventory management, customer relationship management, and e-commerce solutions. It also provides services such as system integration, project management, and training.

Summary

DXC Technology is one of the world’s leading providers of information technology services and solutions. The company offers a wide range of services, including cloud computing, application development, and security. DXC Technology has a strong track record of delivering high-quality services to its clients. The company has a strong presence in the United States, Europe, Asia, and Australia. DXC Technology has been investing heavily in cloud computing and artificial intelligence. The company’s cloud computing platform, DXC Odyssey, is used by major corporations such as Coca-Cola, General Electric, and Microsoft.

DXC Technology is also working on a new artificial intelligence platform, called DXC Bionic. This platform will be used to help businesses automate tasks and make better decisions. The company’s strong focus on cloud computing and artificial intelligence is a major reason why DXC Technology is an attractive investment. The company is well-positioned to benefit from the growth of these two industries.