DXC to manage Newcastle University’s Core Campus application

DXC Technology DXC recently announced that it has signed a managed services agreement with Australia-based Newcastle University to manage its core campus application, Oracle’s PeopleSoft Campus Solutions, and infrastructure.

Through this agreement, DXC intends to offer 24/7 critical coverage, Amazon Web Service (“AWS”) technology management, database, middleware support and continuous delivery service, ensuring improved efficiency among Australian university staff and students. Oracle’s PeopleSoft solutions are designed to meet complex business requirements and provide comprehensive business and industry solutions, enabling organizations to increase productivity, accelerate business performance, and lower cost of ownership.

Under the agreement, DXC will enhance managed services, optimize Newcastle University’s deployment and investments on campus application, while enabling the university to deliver high-quality digital education and focus on business operations.

DXC focuses on partnerships to improve offerings. It is digging deep to extend its networking-based infrastructure with the benefits of VMware’s hybrid cloud offerings, which have helped it strengthen its position in the virtualization server market.

DXC technology company. Pricing and Consensus

DXC technology company. price-consensus-table | DXC technology company. Quote

DXC is also partnering with Amazon to develop cloud-based solutions for enterprise and public sector customers. We believe the company’s focus on entering into strategic partnerships will help it grow in the cloud computing space and generate additional revenue.

Currently, the company is focusing on the cloud computing market, e-commerce and big data. Customers are increasingly relying on cloud-based services as DXC makes the IT system more agile and productive, resulting in substantial cost savings. However, the segment is still under-exploited.

Through Gartner, global IT spending is expected to be $4.5 trillion in 2022, suggesting a 5.1% increase from 2021. The research firm forecasts that global spending on IT services will increase by 7.9 % year-over-year to hit $1.28 trillion this year. Therefore, DXC, being a major player in the field, should benefit from this recovery in IT spending.

Zacks Ranking and Stocks to Consider

DXC currently wears a Zacks rank #3 (Hold).

Some top-ranked stocks in the broader IT and technology sector include the iPhone maker Apple AAPL, sporting a Zacks Rank #1 (Strong Buy), Analog devices ADI and Axcelis Technologies ACLS, both carrying Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank stocks here.

Zacks’ consensus estimate for Apple’s second-quarter fiscal 2022 earnings has been revised up 3.6% to $1.43 per share in the past 30 days. For fiscal 2022, earnings estimates rose 5.9% to $6.15 per share over the past 30 days.

Apple’s earnings have exceeded the Zacks consensus estimate in each of the previous four quarters, with the average surprise being 20.3%. AAPL stock has appreciated 24.6% over the past year.

Zacks’ consensus estimate for Analog Devices’ fiscal 2022 first-quarter earnings has been revised up a penny to $1.79 per share in the past 60 days. For fiscal 2022, earnings estimates have moved north 7 cents to $7.53 per share in the past 60 days.

Earnings for Analog Devices have exceeded the Zacks consensus estimate in each of the previous four quarters, with the average surprise being 6.1%. Shares of ADI have fallen 4.2% over the past year.

Zacks’ consensus estimate for Axcelis’ first-quarter 2022 earnings has been revised up 2 cents to 89 cents per share in the past seven days. For 2022, earnings estimates have moved north 12.4% to $3.99 per share in the past seven days.

Axcelis’ earnings have exceeded the Zacks consensus estimate in each of the previous four quarters, with the average surprise being 30.3%. ACLS shares are up 62.9% over the past year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

About Donald J. Beadle

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