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CXC TECHNOLOGY Moved on Business Wire August 4 , 2021 Exhibit 99.1 • • • DXC Technology Reports First Quarter Fiscal Year 2022 Results First quarter revenues of $ 4.14 billion , down 8.0 % as compared to prior year , and down 3.7 % on an organic growth basis Net income was $ 282 million compared to a net loss of $ 199 million in the prior year quarter ; EBIT was $ 466 million , or 11.3 % of sales , as compared to ( 3.2 ) % in the prior year quarter ; First quarter Adjusted EBIT margin was 8.0 % , as compared to 4.2 % in the prior year Diluted EPS was $ 1.07 compared to $ ( 0.81 ) in the prior year quarter . Non - GAAP diluted EPS was $ 0.84 , up 300 % compared to $ 0.21 in Q1 FY21 • Revenue , Adjusted EBIT margin , and Non - GAAP EPS exceeded our previous Q1 FY22 guidance range • • Bookings of $ 4.6 billion and book - to - bill ratio of 1.12x in Q1 FY22 Reduced debt by $ 579 million in Q1 FY22 , achieving our targeted debt level of approximately $ 5.0 billion , further strengthening our balance sheet TYSONS , Va . , August 4 , 2021 – DXC Technology ( NYSE : DXC ) today reported results for the first quarter fiscal year 2022 . " Our results show that DXC continues to achieve on its short - term and longer - term financial objectives . We have encouraging revenue performance , margins are expanding , and our bookings clearly demonstrate that we continue to win in the marketplace , " said Mike Salvino , President and Chief Executive Officer , DXC . " With the stabilization phase of our transformation journey behind us , we are now moving through the foundation phase and remain focused on engaging our colleagues , increasing the level of customer intimacy , and making sure we have the strong financial foundation necessary to support growth . " 1