- Adjusted EBIT margin was 6.8%, down modestly by 10 basis points year-over-year.
- Bookings increased 14% year-over-year, marking the third consecutive quarter of double-digit growth, with a trailing 12-month book-to-bill ratio of 1.06, up from 1.03 at fiscal 2025 year-end.
- Capital expenditures declined to 2.8% of revenue from 6% last year, and net debt was reduced by approximately $630 million since fiscal 2025 start.
- DXC Technology reported first quarter fiscal 2026 total revenue of $3.2 billion, declining 4.3% organically year-over-year, at the high end of their guidance range.
- Free cash flow generation was strong at $97 million, more than doubling from $45 million in the prior year quarter.
- Non-GAAP diluted EPS was $0.68, down from $0.75 in the prior year quarter, driven by lower adjusted EBIT and higher taxes, partially offset by lower net interest expense.
- Segment results: CES revenue declined 4.4% organically with bookings growth of 32% and a book-to-bill ratio of 1.2; GIS revenue declined 5.7% organically with modest bookings growth and a book-to-bill of 0.7; Insurance segment grew 3.6% organically driven by software and volume increases.
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