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DXC raises annual forecast on robust cloud demand
(Reuters) -IT services company DXC Technology raised its annual revenue and profit forecast on Thursday, driven by steady enterprise spending on its cloud-based solutions. Businesses' heavy investments in artificial intelligence have resulted in increased demand for cloud computing services that power the technology, benefiting companies that offer cloud infrastructure solutions, such as DXC Technology. DXC has also benefited from a surge in demand from enterprises as they upgrade and outsource their IT infrastructure, further boosted by AI advancements. "We're embedding AI across our solutions and combining it with our full-stack expertise to help clients unlock insights and drive outcomes," said CEO Raul Fernandez. The company provides consulting and engineering services as well as insurance software services as part of its legacy IT outsourcing business. DXC now expects annual revenue in the range of $12.61 billion to $12.87 billion, an increase from its prior projection of $12.18 billion to $12.44 billion. It sees second-quarter revenue between $3.15 billion and $3.18 billion, compared with analysts' average estimate of $3.11 billion, according to data compiled by LSEG. The company reported revenue of $3.16 billion for the quarter ended June 30, beating estimates of $3.09 billion. Its adjusted profit of 68 cents per share was above estimates of 62 cents apiece.
Yahoo
21 minutes ago
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CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
(Reuters) -Railroad operator CSX is working with Goldman Sachs to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter. Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country. Reuters reported last week that CSX was in talks to bring on financial advisers. "We welcome all opportunities that would allow us to deliver value for our shareholders, drive pro-growth and serve our customers better," CSX CEO Joe Hinrichs said on a post-earnings call last week. Goldman Sachs did not immediately respond to a Reuters request for comment. CSX declined to comment.
Yahoo
21 minutes ago
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Celsius Holdings to Release Second Quarter Results on Thursday, Aug. 7, 2025
BOCA RATON, Fla., July 31, 2025--(BUSINESS WIRE)--Celsius Holdings, Inc. (Nasdaq: CELH) will release its second quarter financial results before markets open on Thursday, Aug. 7, 2025. Following the release, management will host a conference call and webcast at 8 a.m. ET to discuss the company's second quarter results. Investors are invited to join the webcast accessible from Downloadable files, an audio replay and transcript will be available within 24 hours after the call on the Celsius Holdings investor relations website. About Celsius Holdings, Holdings, Inc. (Nasdaq: CELH) is a functional beverage company and the owner of energy drink brand CELSIUS®, hydration brand CELSIUS HYDRATION™ and health and wellness brand Alani Nu®. Born in fitness and pioneering the rapidly growing, better-for-you, functional beverage category, the company creates and markets leading functional beverage products. For more information, please visit View source version on Contacts Paul WisemanInvestors: investorrelations@ Press: press@ Sign in to access your portfolio
