DXC Technology Company

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Case Summary
Company Name: DXC Technology Company
Stock Symbol : NYSE: DXC
Class Period Start: 02/08/2018
Class Period End: 11/06/2018
Lead Plaintiff motion: 02/25/2019
Date Filed: 12/27/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of Virginia
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the February 25, 2019 lead plaintiff deadline in a class action lawsuit filed against DXC Technology Company (NYSE: DXC) (“DXC” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Virginia and investors, who purchased DXC Technology Company securities between February 8, 2018 and November 6, 2018, have until February 25, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased DXC Technology Company securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company had changed or planned to change the operations of its sales teams; the Company was deploying generalized sales teams as opposed to the specialized teams that were better capable of delivering specialized services to its clients; that the Company’s workforce optimization strategy of sharply reducing staff while reducing costs was resulting in a shortage of sales personnel who could execute on demand for services, thereby losing sales and revenue opportunities; and that, as a consequence, the Company’s revenue and financial performance guidance for fiscal 2019 was without a reasonable basis.

On November 6, 2018, the Company reported its second quarter 2019 financial results, and that the Company would reduce its FY19 revenue outlook by $800 million.

Following this news, the Company's stock price fell 13%, to close at $63.21 per share on November 7, 2018.

If you were negatively impacted by your investment in DXC Technology Company securities between February 8, 2018 and November 6, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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