DXC & Microsoft Strengthen Deal For Digital Transformation
Zacks Investment Research | Jul 15, 2019 09:32PM ET
DXC Technology (NYSE:DXC) recently announced that it is expanding its association with Microsoft (NASDAQ:MSFT) by forming the global Microsoft Azure Digital Transformation Practice. The program will help clients shift their data and workloads to the Microsoft Azure public cloud more efficiently.
DXC Technology’s Azure professionals and Microsoft’s engineers will jointly take care of the development and marketing of products and services for Azure.
Notably, armed with more than 900 Azure professional certifications, 900 analytics clients and 8,000 analytics and AI professionals worldwide, DXC Technology plans to increase its global Azure certifications to 5,000 over the next three years.
Efforts in the Digital Space Paying Off
Organizations are constantly putting in more efforts to accelerate their cloud transformation journey and scale their digital strategies. In this process, demand for cloud-related services is growing remarkably. Notably, both DXC and Microsoft have prioritized clients’ need to sustain in a cloud-first environment.
Per Gartner, the worldwide public cloud services market is expected to grow 17.5% year over year in 2019 to reach $214.3 billion. The research firm also noted that currently, almost 19% of cloud budgets is spent on cloud-related services, such as cloud consulting, implementation, migration and managed services. This percentage is expected to increase to 28% by 2022.
Significantly, DXC Technology continues to expand its digital transformation centers and capabilities as well as build on its collaborations with partners, namely Amazon’s (NASDAQ:AMZN) cloud division, AWS and Microsoft Azure.
In the last reported quarter, DXC’s digital revenues jumped 22% year over year at constant currency, driven by growth in enterprise and cloud applications, cloud infrastructure and digital workplace offerings. The company steadily made strategic investments in digital assets and capabilities including increased hiring.
Moreover, with the acquisition of Luxoft, the company expects to boost its digital business further, particularly penetrating the key markets of Eastern Europe with workforce expansion in the zone.
DXC Technology Company. Revenue (TTM)
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.