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Businesses and public sector organizations pay DXC Technology to update their software and keep their technology running. Its largest business manages clients’ data centers, mainframes, cloud systems and networks, including security and day-to-day support. Consulting and software engineering provide most of the remaining revenue, helping clients rebuild applications and automate work. A smaller business sells insurers software and services to modernize their systems and support insurance operations.
Clients pay for projects, ongoing services and software under contracts. Some long-term service contracts require DXC to invest upfront and recover that spending through billings over the contract’s life. Earnings therefore depend on estimating delivery costs accurately, performing the work successfully and retaining customers. Its customer base is broad, with no single customer supplying a dominant share of revenue.
Because DXC processes customer information and operates systems across borders, privacy and security rules constrain its work. Restrictions on cross-border data transfers and requirements to keep data locally can limit how it uses data and where it delivers services.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
DXC’s results hinge on enterprise outsourcing renewals and modernization budgets, so also watch Capgemini, HCL Technologies and Tata Consultancy Services—important rivals missing from this list.
Kyndryl competes directly with DXC for enterprise contracts to run and modernize mainframes, hybrid clouds, networks and employee technology. Watch its managed-infrastructure business: DXC’s infrastructure segment supplied 50.2% of fiscal 2026 revenue.
Cognizant challenges DXC for enterprise spending on building applications, running IT infrastructure and handling business processes for clients. Its application-development and maintenance work is worth watching for competition facing DXC’s software-engineering services.
CGI Inc. competes with DXC for clients paying for technology advice, connecting systems, running infrastructure and handling business processes. Watch its contracts to take over all or part of a client’s IT operations—the managed-services work overlaps with DXC’s infrastructure business.
Wipro competes with DXC for clients’ application upgrades, infrastructure operations, consulting and outsourced business processes. Its Business Process Services line is a concrete place to watch competition for work clients hand over rather than run themselves.
Infosys competes with DXC to advise businesses, modernize applications, manage infrastructure and run outsourced business processes. Its application modernization and cloud-management work is the relevant comparison for DXC, rather than its broader product portfolio.
Accenture competes with DXC for global enterprises’ technology-consulting and transformation budgets, as well as contracts to run operations for them. Watch both its Consulting and Managed Services work, which span DXC’s project-based and ongoing service offerings.
Rackspace Technology, Inc. competes with DXC to run and secure clients’ private-cloud infrastructure and provide hybrid-cloud services. Its Private Cloud segment is the part to watch, with services covering customers’ data-center computing, networks and storage.
International Business Machines Corporation competes with DXC through IBM Consulting for enterprises’ application upgrades and hybrid-cloud transformation projects. Watch consulting work that modernizes customer applications, rather than treating all of IBM’s software and infrastructure business as a DXC comparison.
EPAM Systems competes with DXC for enterprise spending on software engineering, application modernization and cloud transformation. Its software-development and product-engineering work offers a focused comparison for DXC’s engineering services.
ExlService Holdings, Inc. competes with DXC to run insurers’ operations and improve business processes using data and technology. Watch its life-and-annuity policy administration and property-and-casualty operations, where insurer customers overlap with DXC’s insurance services.
Genpact competes with DXC for enterprises paying to improve business processes and have them run externally, including financial-services and insurance clients. Its Financial Services segment, serving banking, capital-markets and insurance customers, is the relevant revenue line to watch.
Guidewire Software competes with DXC to sell property-and-casualty insurers the core software that runs their operations. Watch InsuranceSuite and InsuranceNow subscriptions, which cover underwriting, policy administration, billing and claims—the concrete software choices facing DXC’s insurance customers.
Globant competes with DXC for software-engineering and digital-transformation spending in overlapping enterprise industries. Watch its work for financial-services, healthcare and automotive clients, customer groups that DXC’s consulting and engineering business also serves.
Endava plc competes with DXC for clients’ technology-consulting, software-engineering and digital-transformation projects. Its work taking digital products from design through production and deployment is the clearest overlap with DXC’s application and engineering services.
Amdocs Limited competes with DXC for communications providers paying to connect systems, manage applications and modernize technology. Watch its work operating customer applications and moving workloads to cloud infrastructure, rather than its entire software portfolio.
Grid Dynamics Holdings, Inc. competes with DXC for large enterprises’ engineering, data and cloud-transformation spending. Its revenue from finance clients is worth watching because DXC’s consulting and engineering business also serves that industry.
International Business Machines Corporation earningsIBM
IBM's report will show whether enterprises are still paying to modernize applications and move to hybrid cloud, work that overlaps with DXC Technology's consulting and engineering business.
Read IBM Consulting's results beside DXC Technology's Consulting & Engineering revenue, keeping in mind that the businesses are not measured on an identical basis. Stronger IBM Consulting results would indicate that enterprises are still funding modernization projects, while also showing that a rival is competing for that work; weaker results would point to a more cautious project market for DXC as well. The takeaway is whether demand is holding up and how active the competition is.
ExlService Holdings, Inc. earningsEXLS
ExlService Holdings, Inc.'s report will show how insurers' demand for outsourced operations is changing, work that overlaps directly with DXC Technology's services for insurers.
Compare ExlService Holdings, Inc.'s insurance-services revenue with DXC Technology's Insurance business, which grew 5.4% in fiscal 2026. If ExlService's insurance work keeps growing, insurers are still outsourcing operations, but ExlService is also competing for that business; if it weakens, demand for outsourced insurance work may be cooling. The takeaway is whether demand for these services is continuing, not whether DXC won or lost a particular customer.
DXC Technology Company earningsThis company
DXC Technology's report will show whether its largest business, infrastructure services, can steady while insurance growth supports profit and cash generation.
Read constant-currency revenue across the three segments alongside adjusted EBIT margin and cash from operations. In fiscal 2026, Global Infrastructure Services made up 50.2% of revenue and fell 3.9%; Consulting & Engineering Services fell 0.8%, while Insurance grew 5.4%. If infrastructure steadies, Insurance keeps growing, and margin and cash hold up, DXC is turning demand into profit and cash; if infrastructure and consulting keep shrinking while margin or cash weakens, Insurance growth is not offsetting pressure elsewhere.
Kyndryl Holdings, Inc. earningsKD
Kyndryl's report will show how enterprise spending on managed mainframe, cloud, and network services is holding up, in the same market where DXC Technology's largest business competes.
Compare Kyndryl's managed-infrastructure revenue and profitability with DXC Technology's Global Infrastructure Services, which represented 50.2% of DXC revenue and declined 3.9% in fiscal 2026. If Kyndryl's business strengthens, enterprises are still paying providers to run and modernize infrastructure, but DXC faces an active rival for that work; if it weakens, demand or pricing in the same services market may be under pressure. The takeaway is whether the market for DXC's largest business is holding up.
GUIDEWIRE SOFTWARE, INC. earningsGWRE
Guidewire's report will show whether property-and-casualty insurers are still buying core operating software, a budget area where it competes with DXC Technology's insurance-software business.
Read Guidewire's subscription results beside DXC Technology's Insurance revenue, noting that DXC sells both software and services, so the measures do not match exactly. Stronger Guidewire subscriptions would show insurers are still buying core systems, while also confirming that Guidewire is competing for technology budgets DXC may pursue; weaker subscriptions would suggest insurers are delaying or limiting software purchases. The takeaway is whether demand for insurance software is holding up and how direct the competition is.
