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11 DXC Public © 2026 DXC Technology Company. All rights reserved. DXC Public © 2026 DXC Technology Company. All rights reserved. 2ND QUARTER FISCAL YEAR 2027 EARNINGS PRESENTATION OCTOBER 29, 2026
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22 DXC Public © 2026 DXC Technology Company. All rights reserved. DXC Public © 2026 DXC Technology Company. All rights reserved. AGENDA 1 2 3 Q2 Business Update Detailed Review of Q2 Results; Q3 and Full-Year Guidance Q&A
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33 DXC Public © 2026 DXC Technology Company. All rights reserved. FORWARD-LOOKING STATEMENTS Except for historical information, statements in this document may constitute “forward-looking statements” based on our current assumptions regarding future performance. These statements involve numerous risks, uncertainties, and other factors outside our control that could cause actual results to differ materially, including: inability to effectively manage our sales organization, including execution, pipeline, and talent management; our inability to expand service offerings to address emerging technological trends and competitive pressures; failure to attract and retain key personnel, including Artificial Intelligence (AI) and technical experts, or maintain partner relationships; risks associated with AI, including adoption, deployment, and governance, reliance on third-party platforms, cybersecurity, privacy, evolving regulations, and competitive displacement; inability to accurately estimate contract costs and timelines, or failure by us or third parties to deliver on commitments; systems failures, catastrophic events, and resulting service interruptions; liability or reputational damage from security breaches, cyber-attacks, or disclosure of confidential or personal data; failure to comply with new or existing laws, regulations, and customer contracts, including those relating to data privacy, economic sanctions, export controls, AI, and environmental, social, and governance (ESG) expectations; failure to maintain our credit rating, manage indebtedness, or raise capital, adversely affecting our liquidity and borrowing costs; risks associated with international operations, including exchange rate fluctuations and geopolitical conflicts (such as in Russia/Ukraine and the Middle East); macroeconomic challenges, including inflation, reduced customer spending, and economic slowdowns affecting deal closures and cost-takeout efforts; inability to compete effectively, maintain customer relationships, collect receivables, or comply with government contracting regulations; failure to succeed in strategic transactions, acquisitions, or partnerships; securities price volatility; supply chain disruptions, supplier non-performance, or increased procurement costs due to trade tensions, tariffs, or hostilities; climate change, natural disasters, and increased scrutiny of ESG initiatives; infringement of intellectual property rights, or inability to procure necessary third-party licenses; failure to achieve expected benefits of restructuring plans, workforce reductions, and automation/AI reliance; failure to maintain effective disclosure controls and internal control over financial reporting; asset impairment charges, including but not limited to intangibles and deferred tax assets; inability to pay dividends or repurchase shares; pending investigations, claims, and disputes; changes in tax rates, tax laws, and the timing and outcome of tax examinations; and risks related to completed strategic transactions. For a written description of these factors, see our most recently filed Annual Report on Form 10-K and any updating information in subsequent SEC filings. Forward-looking statements speak only as of the date made. Except as required by law, we assume no obligation to update or revise any forward-looking statements.
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44 DXC Public © 2026 DXC Technology Company. All rights reserved. NON-GAAP FINANCIAL MEASURES We present Non-GAAP financial measures which are derived from the statements of operations, cash flow and balance sheets of DXC. These Non-GAAP financial measures include earnings before interest and taxes (“EBIT”), adjusted EBIT, adjusted EBIT excluding pension income, adjusted EBIT margin, adjusted EBIT margin excluding pension income, Non-GAAP income from continuing operations before income taxes, Non-GAAP net income attributable to DXC and Non-GAAP basic and diluted EPS, organic revenue growth, constant currency revenue, free cash flow, Non-GAAP cost of services, Non-GAAP SG&A expense, Non-GAAP depreciation and amortization, Non-GAAP gross profit, Non-GAAP tax rate, Non-GAAP income tax expense, Non-GAAP other income, and Net Debt. We believe EBIT, adjusted EBIT, Non-GAAP income before income taxes, Non-GAAP net income, Non-GAAP net income attributable to DXC common stockholders, and Non-GAAP EPS provide investors with useful supplemental information about our operating performance after excluding certain categories of expenses as well as gains and losses on certain dispositions and certain tax adjustments. We believe constant currency revenues provide investors with useful supplemental information about our revenues after excluding the effect of currency exchange rate fluctuations for currencies other than U.S. dollars in the periods presented. See below for a description of the methodology we use to present constant currency revenues. One category of expenses excluded from adjusted EBIT, Non-GAAP income before income tax, Non-GAAP net income, Non-GAAP net income attributable to DXC common stockholders, and Non-GAAP EPS, incremental amortization of intangible assets acquired through business combinations, if included, may result in a significant difference in period-over-period amortization expense on a GAAP basis. We exclude amortization of certain acquired intangible assets as these non-cash amounts are inconsistent in amount and frequency and are significantly impacted by the timing and/or size of acquisitions. Although DXC management excludes amortization of acquired intangible assets, primarily customer-related intangible assets, from its Non-GAAP expenses, we believe that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and support revenue generation. Any future transactions may result in a change to the acquired intangible asset balances and associated amortization expense. Another category of expenses excluded from adjusted EBIT, Non-GAAP income before income tax, Non-GAAP net income, Non-GAAP net income attributable to DXC common stockholders, and Non-GAAP EPS is impairment losses, which, if included, may result in a significant difference in period-over-period expense on a GAAP basis. We exclude impairment losses as these non-cash amounts reflect generally an acceleration of what would be multiple periods of expense and are not expected to occur frequently. Further, assets such as goodwill may be significantly impacted by market conditions outside of management’s control. Selected references are made to revenue growth on an “organic basis” so that certain financial results can be viewed without the impact of fluctuations in foreign currency rates and without the impacts of acquisitions and divestitures, thereby providing comparisons of operating performance from period to period of the business that we have owned during both periods presented. Organic revenue growth is calculated by dividing the year- over-year change in GAAP revenues attributed to organic growth by the GAAP revenues reported in the prior comparable period. Organic revenue is calculated as constant currency revenue excluding the impact of mergers, acquisitions or similar transactions until the one-year anniversary of the transaction and excluding revenues of divestitures during the reporting period. This approach is used for all results where the functional currency is not the U.S. dollar. We believe organic revenue growth provides investors with useful supplemental information about our revenues after excluding the effect of currency exchange rate fluctuations for currencies other than U.S. dollars and the effects of acquisitions and divestitures in both periods presented. Free cash flow represents cash flow from operations, less capital expenditures. Free cash flow is utilized by our management, investors, and analysts to evaluate cash available to pay debt, repurchase shares, and provide further investment in the business. There are limitations to the use of the Non-GAAP financial measures presented in this report. One of the limitations is that they do not reflect complete financial results. We compensate for this limitation by providing a reconciliation between our Non-GAAP financial measures and the respective most directly comparable financial measure calculated and presented in accordance with GAAP. Additionally, other companies, including companies in our industry, may calculate Non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes between companies. Selected references are made on a “constant currency basis” so that certain financial results can be viewed without the impact of fluctuations in foreign currency rates, thereby providing comparisons of operating performance from period to period. Financial results on a “constant currency basis” are Non-GAAP measures calculated by translating current period activity into U.S. dollars using the comparable prior period’s currency conversion rates. This approach is used for all results where the functional currency is not the U.S. dollar. DXC does not provide a reconciliation of Non-GAAP financial measures that it discusses as part of its guidance because certain significant information required for such reconciliation is not available without unreasonable efforts or at all, including, most notably, the impact of significant non-recurring items. Without this information, DXC does not believe that a reconciliation would be meaningful. Explanations of Non-GAAP financial measures used herein are provided later in this document.
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55 DXC Public © 2026 DXC Technology Company. All rights reserved. GROWING OUR AGENTIC AND AI SOLUTIONS GROWTHX Won our first large deal with a leading global bank Modernize its core banking systems and accelerate its move to the cloud using AI DXC OASIS Utilization surged 6x quarter over quarter Agent capabilities expanded and more agentic workflows moved into production Patch management emerging as a leading use case Launched DXC Workplace Services ASSURE Platform adoption exceeds 275 customers AI-enabled Smart Apps pipeline grew more than 20% from last quarter Using Smart Apps internally in BPS to drive efficiencies and create customer proof points
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66 DXC Public © 2026 DXC Technology Company. All rights reserved. DXC’S PARTNERSHIP WITH ANTHROPIC deliver solutions aligned with our clients’ needs 500+5,700 DXC ENGINEERS IN INDIA FDE* MULTI-PLATFORM BASECAMP ADDITIONAL BASECAMPS IN SYDNEY & TOKYO PROFESSIONALS CERTIFIED SINCE JUNE NEXT STEP: COMMERCIALIZATION DXC FRONTIER CODE ASSURANCE ANTHROPIC’S TRUSTED CYBER DEFENSE PROGRAM PRODUCTIZED CLAUDE MYTHOS * Forward Deployed Engineer
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77 DXC Public © 2026 DXC Technology Company. All rights reserved. SECOND QUARTER RESULTS Performance Overview (4.0%) (6.5%) – (5.5%) 0.80x 6.2% ~6.0% $0.67 ~$0.55 YOY ORGANIC REVENUE GROWTH* BOOK-TO-BILL ADJUSTED EBIT MARGIN* NON-GAAP DILUTED EPS* Q2 FY27 Guidance * Reconciliation of GAAP to Non-GAAP measures provided in appendix
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88 DXC Public © 2026 DXC Technology Company. All rights reserved. SECOND QUARTER SEGMENT RESULTS Revenue YoY Organic Revenue Growth* YoY Bookings Quarterly Book-to-Bill (17%) $1,213M (3.3%) CES GIS Insurance (13%) (10.0%) $1,427M 0.79x 0.80x $394M 23.1% +44% 0.79x * Reconciliation of GAAP to Non-GAAP measures provided in appendix
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99 DXC Public © 2026 DXC Technology Company. All rights reserved. FREE CASH FLOW AND CAPITAL ALLOCATION Q2 FY27 Free Cash Flow ($M) H1 FY27 Free Cash Flow ($M) Share RepurchasesDebt Reduction $400M U.S. dollar bonds retired in Q2 $60M Shares repurchased in Q2 Operational Free Cash Flow IRS Deposit Free Cash Flow $213 $91 ($122) Operational Free Cash Flow Legal Judgment Free Cash FlowIRS Deposit $313 $214 ($122) $405
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1010 DXC Public © 2026 DXC Technology Company. All rights reserved. FULL FISCAL YEAR 2027 AND Q3 FISCAL YEAR 2027 GUIDANCE* Full Fiscal Year 2027 Q3 Fiscal Year 2027 * Reconciliation of GAAP to Non-GAAP measures provided in appendix (5.5%) – (5.0%) 5.75% – 6.25% ~$600M YOY ORGANIC REVENUE GROWTH ADJUSTED EBIT MARGIN NON-GAAP DILUTED EPS FREE CASH FLOW ~(6.0%) ~6.0% ~$0.55 YOY ORGANIC REVENUE GROWTH ADJUSTED EBIT MARGIN NON-GAAP DILUTED EPS $2.25 – $2.50
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1111 DXC Public © 2026 DXC Technology Company. All rights reserved. DXC Public © 2026 DXC Technology Company. All rights reserved. APPENDIX
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1212 DXC Public © 2026 DXC Technology Company. All rights reserved. YOY ORGANIC REVENUE GROWTH ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Total FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Total FY26 Q1 FY27 Q2 FY27 CES revenue 1,281 1,279 1,267 1,235 5,062 1,246 1,255 1,266 1,256 5,023 1,231 1,213 YoY CES revenue growth (3.0%) (3.3%) (3.5%) (6.4%) (4.0%) (2.7%) (1.9%) (0.1%) 1.7% (0.8%) (1.2%) (3.3%) Foreign currency 1.7% (0.1%) 0.9% 2.1% 1.1% (2.0%) (1.9%) (3.5%) (5.6%) (3.2%) (1.8%) 0.0% Acquisitions and divestitures 0.4% 0.0% 0.4% 0.3% 0.3% 0.3% 0.4% 0.0% (0.0%) 0.2% 0.0% 0.0% YoY CES organic revenue growth (0.9%) (3.4%) (2.2%) (4.0%) (2.6%) (4.4%) (3.4%) (3.6%) (3.9%) (3.8%) (3.0%) (3.3%) GIS revenue 1,658 1,656 1,651 1,631 6,596 1,600 1,586 1,607 1,549 6,342 1,449 1,427 YoY GIS revenue growth (10.1%) (9.2%) (8.2%) (7.5%) (8.8%) (3.5%) (4.2%) (2.7%) (5.0%) (3.9%) (9.4%) (10.0%) Foreign currency 1.3% 0.1% 0.8% 2.2% 1.1% (2.2%) (2.1%) (3.5%) (5.6%) (3.3%) (1.7%) 0.0% Acquisitions and divestitures 0.2% 0.1% 0.2% 0.1% 0.2% (0.0%) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% YoY GIS organic revenue growth (8.6%) (9.0%) (7.2%) (5.2%) (7.5%) (5.7%) (6.3%) (6.2%) (10.6%) (7.2%) (11.1%) (10.0%) Insurance revenue 297 306 307 303 1,213 313 320 321 325 1,279 319 394 YoY Insurance revenue growth 5.3% 5.5% 6.6% 0.0% 4.3% 5.4% 4.6% 4.6% 7.3% 5.4% 1.9% 23.1% Foreign currency 0.9% (0.2%) (0.2%) 1.1% 0.4% (1.8%) (1.0%) (1.4%) (3.3%) (1.8%) (0.5%) 0.0% Acquisitions and divestitures 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% YoY Insurance organic revenue growth 6.2% 5.3% 6.4% 1.1% 4.7% 3.6% 3.6% 3.2% 4.0% 3.6% 1.4% 23.1%
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1313 DXC Public © 2026 DXC Technology Company. All rights reserved. EBIT to Adjusted EBIT ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Total FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Total FY26 Q1 FY27 Q2 FY27 Net income (loss) 25 45 63 263 396 18 40 110 (140) 28 126 13 Income tax expense (benefit) 43 48 68 75 234 49 91 61 89 290 115 41 Interest income (51) (51) (51) (46) (199) (46) (46) (46) (43) (181) (89) (45) Interest expense 72 69 66 58 265 54 53 54 55 216 55 57 EBIT (1) 89 111 146 350 696 75 138 179 (39) 353 207 66 Restructuring costs 39 42 43 29 153 37 35 20 23 115 26 23 Transaction, separation & integration-related costs 7 15 3 — 25 1 1 — 1 3 — 3 Amortization of acquired intangible assets 87 89 87 85 348 87 88 87 87 349 87 86 Merger related indemnification — — — 2 2 2 — (34) (3) (35) — — Impairment losses — — 12 5 17 14 — — 3 17 — — Gain on litigation award — — — — — — — — — — (168) — Gains and losses on disposition of businesses — (5) (8) — (13) — (1) — — (1) (2) (1) Pension & OPEB actuarial & settlement gains and losses — — — (232) (232) — — 11 158 169 — — Gains and losses on real estate and facility sales 2 27 3 (9) 23 — (7) — 7 — — 10 Adjusted EBIT (1) 224 279 286 230 1,019 216 254 263 237 970 150 187 EBIT margin (1) 2.8% 3.4% 4.5% 11.0% 5.4% 2.4% 4.4% 5.6% (1.2%) 2.8% 6.9% 2.2% Adjusted EBIT margin (1) 6.9% 8.6% 8.9% 7.3% 7.9% 6.8% 8.0% 8.2% 7.6% 7.7% 5.0% 6.2% ADJUSTED EBIT RECONCILIATION (1) Defined at end of presentation
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1414 DXC Public © 2026 DXC Technology Company. All rights reserved. Non-GAAP EPS Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Total FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Total FY26 Q1 FY27 Q2 FY27 GAAP EPS (diluted) $0.14 $0.23 $0.31 $1.43 $2.10 $0.09 $0.20 $0.61 ($0.84) $0.10 $0.73 $0.15 Restructuring costs 0.17 0.18 0.18 0.11 0.65 0.15 0.16 0.09 0.10 0.51 0.08 0.10 TSI 0.03 0.07 0.01 — 0.11 0.01 0.01 — 0.01 0.02 — 0.01 Amortization of acquired intangible assets 0.39 0.38 0.37 0.33 1.47 0.36 0.41 0.40 0.39 1.56 0.28 0.36 Impairment losses — — 0.05 0.03 0.09 0.05 — — 0.01 0.07 — — Merger related indemnification — (0.03) — 0.01 (0.02) 0.01 0.01 (0.19) (0.02) (0.19) — — Debt extinguishment costs — — — — — — — 0.01 — 0.01 — — Gain on litigation award — — — — — — — — — — (0.69) — Gains and losses on disposition of businesses — (0.03) (0.01) (0.01) (0.05) — (0.01) — — (0.01) (0.01) — Gains and losses on real estate and facility sales 0.01 0.11 0.01 (0.05) 0.08 — (0.03) — 0.03 — — 0.04 Pension & OPEB actuarial & settlement gains and losses — — — (0.89) (0.89) — — 0.05 0.70 0.73 — — Tax adjustment — 0.03 (0.01) (0.11) (0.09) 0.01 0.09 (0.01) 0.37 0.45 — 0.01 Non-GAAP dilution adjustment — — — — — — — — 0.02 — — — Non-GAAP EPS (diluted) (1) $0.75 $0.93 $0.92 $0.84 $3.43 $0.68 $0.84 $0.96 $0.77 $3.23 $0.40 $0.67 Shares outstanding (diluted) 182.9 183.9 184.8 184.8 184.9 185.0 179.2 175.8 172.4 178.7 166.3 162.0 NON-GAAP RECONCILIATION — EPS (1) EPS and per-share values of certain items may not sum to Non-GAAP diluted EPS due to rounding
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1515 DXC Public © 2026 DXC Technology Company. All rights reserved. FREE CASH FLOW Free Cash Flow ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Total FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Total FY26 Q1 FY27 Q2 FY27 Cash flows from operating activities 238 195 650 315 1,398 186 409 414 239 1,248 418 217 Less capex Purchase of property & equipment (48) (41) (82) (77) (248) (43) (44) (55) (70) (212) (59) (74) Payments for transition & transformation contract costs (38) (35) (33) (29) (135) (30) (28) (27) (21) (106) (23) (26) Software purchased & developed (107) (71) (52) (98) (328) (16) (97) (66) (38) (217) (22) (26) Total capex (193) (147) (167) (204) (711) (89) (169) (148) (129) (535) (104) (126) Free Cash Flow 45 48 483 111 687 97 240 266 110 713 314 91
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1616 DXC Public © 2026 DXC Technology Company. All rights reserved. NON-GAAP AND OTHER DEFINITIONS Our Non-GAAP and other definitions include: • Segment profit: Segment revenue less costs of services, selling, general and administrative, depreciation and amortization, and other segment items. The company does not allocate to its segments certain operating expenses managed at the corporate level. These unallocated expenses generally include certain corporate function costs, pension and other post-retirement benefit (“OPEB”) actuarial and settlement gains and losses, restructuring costs, transaction, separation, and integration-related costs, amortization of acquired intangible assets, impairment losses, gains/(losses) on dispositions of businesses, gains/(losses) on real estate and facility sales, and other costs that do not reflect ongoing segment operating performance • Segment profit margin: Segment profit as a percentage of segment revenue • Earnings before interest and taxes (EBIT): Net income (loss) less income from discontinued operations, net of taxes, interest expense, interest income, and income tax expense (benefit) • EBIT margin: EBIT as a percentage of revenue • Adjusted EBIT: EBIT excluding Non-GAAP adjustments (e.g., restructuring costs, amortization expense related to acquired intangible assets, and others — refer to next slide for definitions) • Adjusted EBIT margin: Adjusted EBIT as a percentage of revenue • Free cash flow: Cash flows from operating activities excluding capital expenditures for property, plant and equipment, transition and transformation contract costs, and software purchased and developed • Organic revenue: Excludes the impacts of acquisitions and divestitures from financial results on a constant currency basis • Organic revenue growth: Calculated by dividing the current period change in organic revenues by GAAP revenues reported in the prior comparable period • Non-GAAP gross profit: Revenue less Non-GAAP cost of sales • Non-GAAP gross profit margin: Non-GAAP gross profit as a percentage of revenue • Net debt: Short-term debt plus long-term debt, less cash and cash equivalents
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1717 DXC Public © 2026 DXC Technology Company. All rights reserved. NON-GAAP ADJUSTMENTS Our Non-GAAP adjustments include: • Restructuring costs: Includes costs, net of reversals, related to workforce and real estate optimization and other similar charges. • Transaction, separation and integration-related (“TSI”) costs: Includes third party costs related to integration, separation, planning, financing and advisory fees and other similar charges associated with mergers, acquisitions, strategic investments, joint ventures, and dispositions and other similar transactions incurred within one year of such transactions closing, except for costs associated with related disputes, which may arise more than one year after closing. • Amortization of acquired intangible assets: Includes amortization of intangible assets acquired through business combinations. • Pension and OPEB actuarial and settlement gains and losses: Pension and OPEB actuarial mark to market adjustments and settlement gains and losses. • Merger related indemnification: Represents the company’s estimate of potential net liability for tax related indemnifications. • Gains and losses on dispositions: Gains and losses related to dispositions of businesses, strategic assets and interests in less than wholly-owned entities. • Gains and losses on real estate and facility sales: Gains and losses related to dispositions of real property. • Impairment losses: Non-cash charges associated with the permanent reduction in the value of the company’s assets (e.g., impairment of goodwill and other long- term assets including fixed assets and impairments to deferred tax assets for discrete changes in valuation allowances). Future discrete reversals of valuation allowances are likewise excluded. • Debt extinguishment costs: Costs associated with early retirement, redemption, repayment or repurchase of debt and debt-like items including any breakage, make-whole premium, prepayment penalty or similar costs as well as solicitation and other legal and advisory expenses. • Tax adjustments: Discrete tax adjustments to impair or recognize certain deferred tax assets, adjustments for changes in tax legislation, tax litigation matters, and adjustments to transition tax. Income tax expense (benefit) from the impact of mergers and divestitures is separately computed based on the underlying transaction. Income tax expense of all other (non-discrete) Non-GAAP adjustments is computed by applying the jurisdictional tax rate to the pre-tax adjustments on a jurisdictional basis. In fiscal 2026, includes the unfavorable summary judgment in a tax matter relating to a foreign exchange tax case. • Gain on litigation award: Reflects a gain related to the TCS litigation judgment.
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1818 DXC Public © 2026 DXC Technology Company. All rights reserved. DXC Public © 2026 DXC Technology Company. All rights reserved.