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DXC Announces HCM & Payroll Deployment System for Workday
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DXC Technology (DXC - Free Report) recently announced that it is providing Workday (WDAY - Free Report) with a new “human resources (HR) and payroll deployment” system meant for enterprises with an employee range of 3,500 to 15,000.
Per the press release, this service is “a fixed-price, preconfigured deployment of Workday Human Capital Management (HCM) and Workday Payroll” and can be seamlessly integrated into the ongoing operations of an enterprise.
Workday is one of the leading providers of cloud-based HCM and financial management software solutions. Troy Richardson, senior vice president and general manager of Enterprise and Cloud Applications at DXC stated, “As a certified Workday services partner, we’ve been able to deploy Workday’s world-class software to our large enterprise clients, including more than 600,000 people in over 100 countries.”
Notably, in the current scenario, clients prefer to rely on cloud-based services as it makes their IT system more agile and productive, leading to considerable cost savings. Thus, the need for cloud-based deployment of HCM and payroll services is increasing.
Per a recent report by Gartner, the worldwide public cloud service is expected to reach $411.4 billion by 2020. We believe that with cloud computing being one of the major revenue generating sectors of DXC, expansion of the related client base will be beneficial for the company’s top line. This will help it to make the most of the growth opportunity in the market.
DXC Technology was formed following the merger of Computer Sciences Corporation and Enterprise Services Division of Hewlett Packard Enterprise (HPE - Free Report) , which was completed on Apr 1, 2017. The combined entity has become a prominent end-to-end IT services providing company.
Apart from cloud computing, the company is steadily focusing on its cyber and Big Data business. Following the footsteps of Computer Sciences, DXC Technology is making strategic acquisitions to enhance its portfolio, which is likely to drive growth in the long run. Since its formation, the company has announced two acquisitions that of Tribridge and Logicalis SMC.
Apart from buyouts, the company expanded its ties with VMware at VMworld 2017. The two entities are coming together to debut the latest DXC Managed Cloud Services supported by VMware's next generation hybrid cloud platform.
In October 2017, the company announced the spin-off of its U.S. Public Sector (USPS) business, and subsequent merger of the same with Vencore Holdings and KeyPoint Government Solutions.
Upon completion of the deal, shareholders of DXC Technology will receive 86% of the combined company’s shares and $1.05 billion of cash from USPS. Per the agreement, the deal will be structured as a ‘Reverse Morris Trust’ transaction, making it tax-free for DXC Technology and its shareholders.
We believe all these initiatives are helping the company to strengthen its position in a highly competitive industry including the likes of Accenture (ACN - Free Report) and International Business Machines.
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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DXC Announces HCM & Payroll Deployment System for Workday
DXC Technology (DXC - Free Report) recently announced that it is providing Workday (WDAY - Free Report) with a new “human resources (HR) and payroll deployment” system meant for enterprises with an employee range of 3,500 to 15,000.
Per the press release, this service is “a fixed-price, preconfigured deployment of Workday Human Capital Management (HCM) and Workday Payroll” and can be seamlessly integrated into the ongoing operations of an enterprise.
Workday is one of the leading providers of cloud-based HCM and financial management software solutions. Troy Richardson, senior vice president and general manager of Enterprise and Cloud Applications at DXC stated, “As a certified Workday services partner, we’ve been able to deploy Workday’s world-class software to our large enterprise clients, including more than 600,000 people in over 100 countries.”
Notably, in the current scenario, clients prefer to rely on cloud-based services as it makes their IT system more agile and productive, leading to considerable cost savings. Thus, the need for cloud-based deployment of HCM and payroll services is increasing.
Per a recent report by Gartner, the worldwide public cloud service is expected to reach $411.4 billion by 2020. We believe that with cloud computing being one of the major revenue generating sectors of DXC, expansion of the related client base will be beneficial for the company’s top line. This will help it to make the most of the growth opportunity in the market.
DXC Technology Company. Price
DXC Technology Company. Price | DXC Technology Company. Quote
Other Strategic Initiatives of DXC
DXC Technology was formed following the merger of Computer Sciences Corporation and Enterprise Services Division of Hewlett Packard Enterprise (HPE - Free Report) , which was completed on Apr 1, 2017. The combined entity has become a prominent end-to-end IT services providing company.
Apart from cloud computing, the company is steadily focusing on its cyber and Big Data business. Following the footsteps of Computer Sciences, DXC Technology is making strategic acquisitions to enhance its portfolio, which is likely to drive growth in the long run. Since its formation, the company has announced two acquisitions that of Tribridge and Logicalis SMC.
Apart from buyouts, the company expanded its ties with VMware at VMworld 2017. The two entities are coming together to debut the latest DXC Managed Cloud Services supported by VMware's next generation hybrid cloud platform.
In October 2017, the company announced the spin-off of its U.S. Public Sector (USPS) business, and subsequent merger of the same with Vencore Holdings and KeyPoint Government Solutions.
Upon completion of the deal, shareholders of DXC Technology will receive 86% of the combined company’s shares and $1.05 billion of cash from USPS. Per the agreement, the deal will be structured as a ‘Reverse Morris Trust’ transaction, making it tax-free for DXC Technology and its shareholders.
We believe all these initiatives are helping the company to strengthen its position in a highly competitive industry including the likes of Accenture (ACN - Free Report) and International Business Machines.
DXC Technology has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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