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2021 Annual ReportDeliveringeXcellence for ourCustomers and Colleagues
Message from the CEOI hope you and your families are doing well.Let me start by thanking our DXC customers and colleaguesfor the trust they have placed in us. Our transformationjourney is well underway with clear results that illustrateour commitment to delivering excellence.We are proud to have launched our new brand, which givesclear meaning to the letters “DXC”: “Delivering eXcellencefor our Customers and Colleagues.”Our brand is innovative. Our new logo has two arrowspointing to the X, reminding us to deliver excellence ineverything we do for our customers and colleagues. Wealso introduced our new core values: Deliver, Collaborate,Community, Care, and Do the right thing. This is truly a“Our transformation journey iswell underway with clear resultsthat illustrate our commitment todelivering excellence.”“new DXC.”We have been running a structured playbook, which is ourproven methodology for how we transform a company todeliver sustainable growth. The stabilization phase wascompleted in FY21.Mike SalvinoIn FY21, starting with our colleagues, we moved fromPresident and CEOa workforce that was not engaged to one that is nowDXC Technologyengaged and inspired. Concerning our customers, wewent from challenged accounts to building a level ofcustomer intimacy where we are delivering, building strongpartnerships and being proactive. We have simplifiedour operating model and changed the direction of ourrevenues and margins from declining to improving. We arewinning in the market, and we significantly decreased ourdebt, taking our balance sheet from highly leveraged tostrengthened. These efforts are leading to stable revenuegrowth, improved margins and continued success in themarket. We are on the right trajectory.As the world witnesses the ongoing impact of the COVID-19pandemic, our focus continues to be on our people. I amproud of the dedication and perseverance of our team asthey continue to take care of themselves, each other andtheir families, and deliver for our customers.1
Our ProgressPastTodayPeople / CultureAttritionInspired / EngagedCustomersChallengedPositiveRevenue / Margin ngBalance SheetHighly LeveragedStrengthenedAt the beginning of the outbreak, we enabled 99% of ourpeople worldwide to work virtually and opened a COVID-19Command Center that still runs 24/7. Employees have accessto virtual mental health services and other resources. Wehave conducted mental health awareness and resiliencysessions and augmented our Employee Assistance ProgramRecognition Highlightsglobally. Where possible, in severely impacted geographies,we have increased health insurance benefits and deployedother specific support. And where necessary and permitted,we are facilitating access to vaccines in support ofgovernment roll-outs.In closing, I am pleased with the momentum that we haveachieved and confident we will continue to deliver excellencefor our customers and colleagues in FY22 and the longerterm. FY22 will be the year we build the foundation forgrowth. We will retain and continue to attract talent, andwe will build on our customer intimacy to deliver revenuestability and continue to win in the market, all while weexpand margins and deliver increased free cash flow.Thank you for your trust and commitment to DXC.Regards,Mike SalvinoPresident and Chief Executive Officer1522021 Fortune 500 List2
Our Transformation JourneyWe have delivered on our commitments, executing each phaseof our playbook through a series of steps that we define asour transformation journey. Looking ahead, we will continueto execute against these five priorities to build a foundationfor growth.123453Inspire and Take Careof Our ColleaguesFocus on CustomersOptimize CostsSeize the MarketBuild the FinancialFoundation
1Inspire and Take Care of Our ColleaguesOur mission and values set high expectationsfor delivering excellenceIn FY21, DXC launched ourPeople First strategy to attractand retain top talent. We have anew leadership team and havesignificantly increased employeeengagement by listening, seeking tounderstand and acting at pace.Our MissionBe an IT services company using the power of technologyto build better futures for our customers, colleagues,environment and communities, helping our customersdeliver business impact, and be the employer of choice.Our ValuesDeliverWe do what we say we are going to do.Employee EngagementCollaborateWe work as a team — globally and locally.72%CommunityWe believe in stewardship and building56%a sustainable company that supportsour communities.CareWe take care of each other and foster aculture of inclusion and belonging.FY20FY21Do the right thingWe act with integrity.We significantly improved our employeeengagement score as measured by twosentiments: “I would recommend DXC asa great place to work” and “I am happy towork at DXC.”4
2Focus on CustomersEntrusted to deliver forour customers worldwideCustomers in more than 70countries trust DXC to run theirmission critical systems andoperations while modernizing IT,optimizing data architectures, andensuring security and scalabilityacross public, private and hybridclouds. By applying our innovationsacross the Enterprise TechnologyStack, we help customers improvebusiness outcomes, managedisruptions, develop greaterresiliency and lower costs.AMERICASDelivering for Our CustomersDeveloping the digital insurance marketplaceLloyd’s is the world’s leading insurance and reinsurancemarketplace. DXC supports this marketplace, whichprocesses 3.5 million transactions annually with closeto 100 billion transferred each year between insurers,brokers, loss adjusters and partners. Now DXC, Lloyd’sand London Market Insurance Companies are partneringNet Promoter Score 44pointsQ1 FY21Q4 FY21to create the world’s most advanced technology-ledinsurance marketplace — where complex technicalaccounting will take place in just seconds.Running mission critical systems andcloud migrationsSabre, a leading travel technology company, turned toDXC to unlock value across its business by transformingSabre’s mission critical operations. Sabre extended itslong-term partnership with DXC to provide outsourcingThe Net Promoter Score (NPS) is a measureand IT modernization capabilities in a multi-yearof customer intimacy. Since June of 2020,agreement. In addition to securely and effectively runningour NPS has increased by 44 points.and maintaining Sabre’s systems, DXC is also assistingSabre in migrating workloads to the cloud.5
EUROPE,MIDDLE EASTAND AFRICAASIAPACIFICDriving major transformation and savingsNissan Motor Co. doesn’t want its business disruptedby outages as it drives toward maintaining leadershipin an industry being transformed by innovations suchas autonomous and connected vehicles. So, Nissan isexiting its data center and renewing and expanding its70 countriesoutsourcing contract with DXC. DXC will help Nissanmove its workloads to the cloud and a co-location site,delivering to Nissan a 23% overall savings over five years.250 customers in theFortune 500Transforming across the EnterpriseTechnology StackZurich Insurance, a leading multi-line insurer in more than215 countries and territories, has extended its successful130,000 employeespartnership with DXC, a relationship that began morethan 15 years ago. DXC will provide IT and securityservices over the next five years as a vital componentof the company’s IT transformation. Zurich will leverageDXC capabilities across the Enterprise Technology Stackto gain the ability to deploy applications faster through60 years of innovationautomation and improve operational resiliency.6
3Optimize CostsImproving delivery while expanding marginsWe are proud of how we have improvedand scaled global delivery and simplifiedour operations. Through these efforts,we have achieved 550 million in savings,without disruption.DXC manages many of the largestmission critical enterprise applications ina complex IT environment encompassing:Improving DeliveryCustomersWe are making it easier for our customers to do business withus, simplifying processes and removing friction and cost.We have improved the customer experience by focusing650,000serverson providing stable, predictable operations with agility andvelocity. Our seamless and silent-running technologyservices drive greater automation and flexibility intooperations. We have reduced the number of “Priority One”critical operational incidents by 54% per quarter and haveNearly700,000MIPS (million instructions per second)reduced the average time to recovery by 17%, minimizingcustomer impact.We are introducing DXC Platform X , an artificial intelligenceplatform for IT operations. Platform X is our proprietarydata-driven intelligent automation platform that enables3,000customers to detect and resolve issues quickly andautomatically predict and prevent future problems beforethey happen.petabytes of storageColleaguesMore than7 milliondevicesWe are giving our colleagues the right tools, technology andprocesses to deliver excellence for our customers. We haveempowered our colleagues by leveraging collaboration,automation, robotics and complex services.We have gone to a virtual-first environment, enabled bynew technology tools and a next generation, highly secure7
network. This has allowed us to optimize our real estatefootprint. Our internal processes and operations have alsobeen simplified to unlock value and address overhead costs.This includes a number of one-touch tools to reduce thenumber of systems, such as payroll and enterpriseresource planning.Expanding MarginsIn addition to driving down costs, we have increasedoperational efficiency and enhanced productivity byOptimize CostsAdjusted EBIT Marginsimplifying our customer delivery footprint and internal7.5%operations. We have done this by:Establishing Global Innovation and DeliveryCenters (GIDCs) in India, the Philippines,Eastern Europe and Vietnam, delivering4.2%greater scale and driving cost advantages. 2.0%Reducing our real estate footprintand costs.2.2%Decreasing the number of contractors tooptimize the ratio of employees to contractorsto be in line with the industry standard.Q1 FY21Q4 FY21Impact of U.S. State andLocal Health and HumanServices businessWe are scaling our delivery footprint andLeveraging automation at scale globally.simplifying the organization. We delivered 550million of cost savings and improved adjustedEBIT margin in each quarter.8
4Seize the MarketDelivering excellence across theEnterprise Technology StackDXC helps our customers run, modernizeand continuously optimize their missioncritical IT systems across the EnterpriseTechnology Stack. For a long time to come, ITwill be hybrid — a combination of traditionaland digital. Digital alone will not satisfythe business case, or the desire for speed,agility and lower costs that customers seek.Whether through on-premises infrastructureor a hybrid cloud model, customers partnerwith DXC to realize better performance,achieve more agility, optimize costs andenable a better overall user experience.Bridging traditional IT and digital services is an opportunityfor DXC. Customers are asking us to help strengthen andmodernize their IT systems and build a bridge to digital.We are uniquely positioned to help our customersBook-to-Bill Ratio1.12modernize their IT systems and move to a hybrid modelin a secure manner:1.Our capabilities across the Enterprise Technology Stackmirror how our customers think about their business0.90needs both now and for the future.2.We are one of the few IT services players with thescope, scale and relevance across the full EnterpriseTechnology Stack.3.We deliver traditional IT services, such as IT outsourcingand applications, and digital IT, such as cloud, security,FY20FY21We are winning in the market with abook-to-bill ratio of over 1.0 for fourstraight quarters in FY21.9analytics and engineering.
The Enterprise Technology StackInsurance Business Process as a Service andBusiness Process OutsourcingCloudWith DXC, companies can achieve tangible growth, optimizewith traditional IT systems and works across all cloud models.costs and deliver the best experiences for their customersOur “cloud right” strategy helps our customers to move theand employees. We modernize and run companies’ ITright systems in the right sequence to the hybrid cloud sosystems, provide proprietary modular insurance softwarethat they can operate in a cost-effective and secure way, withand platforms, and operate the full spectrum of insurancescale, speed, agility and resiliency across public and privatebusiness process services. We also help operate andcloud environments. We have transformed more than 15,000continuously improve bank cards, payment and lendingapplications, and we move 65,000 workloads to the cloud annually.DXC builds, optimizes and runs hybrid IT that is integratedprocesses and operations, and customer experienceoperations. DXC administers 13 million insurance policiesIT Outsourcingand contracts, and manages 250 million customerDXC provides reliable and secure mission critical systems forinteractions each year across industries.better performance, greater resiliency and lower costs in ahybrid IT world. We manage and simplify existing infrastructureAnalytics and Engineeringinvestments and provide customers with a way forward toDXC helps customers gain data-driven insights, automatemodernize IT, including moving portions to the cloud. DXC runs,operations, design and build effective products and services,maintains and protects IT estates for more than 1,300 mediumand leverage complex software at scale. We help customersand large enterprises.to architect, engineer, clean and manage data to unlock itsvalue and then develop analytics and artificial intelligenceModern Workplacealgorithms to produce proprietary insights, provide betterDXC helps customers reimagine the workplace with a personalized,experiences to their customers and better grow and manageintelligent, secure and modern experience that fosters employeetheir business.collaboration and productivity on any device, anytime andanywhere. We help track, support and secure our customers’ApplicationsIT estates and assist with acquiring intelligence on employeeTo help customers modernize their applications to besentiment and utilization. As the world’s largest workplacefuture-ready for the hybrid technology world, we helpservices provider, we serve 1,000 customers in 67 countries andthem simplify, manage, optimize and modernize enterprisemanage over 7 million devices globally.and cloud applications to lower cost, enable growth, andimprove business agility and resiliency. DXC customers gainup to 40% cost savings through intelligent automation andDXC Partner Ecosystemspeed-to-market improvements of up to 50%. More than2,200 customers leverage DXC’s intellectual property andTogether with our curated ecosystem of over 200 industry-our ecosystem of partners to accelerate their modernizationleading companies, we help our customers harness thejourney through better applications and improvedpower of the Enterprise Technology Stack to transform theirperformance.businesses. The deep and comprehensive relationships wehold with our partners enable us to deliver innovative, missionSecuritycritical solutions with agility, speed and scale. Below are someTo help customers secure IT systems and businessof our partners.operations against risk and attacks, we weave cybersecurityand resiliency into enterprise IT systems, operations andculture. Whether modernizing and operating IT systems,migrating to the hybrid cloud, protecting data with a zerotrust strategy or managing security operations, DXC makessecurity and resiliency the foundation of a customer’senterprise technology so they can focus on their businessgoals and success.10
5Build the Financial FoundationStrengthening our financial positionto unleash our true earnings powerDuring FY21, DXC made significantprogress on our transformationjourney. These actions havestabilized the business andput us on a path to growth.Financial PrioritiesBuild a Stronger Financial FoundationImprove earnings power with disciplined financial execution.Strengthen the Balance SheetCommitted to an investment grade profile. 17.7BRevenueReduce expenses from a four-year average of 900 million toapproximately 550 million in FY22 and to under 100 millionin FY24. 1.1B6.2%Restructuring and Transaction, Separation andIntegration (TSI)Adjusted EBIT*Cash FlowFocus on improving cash flow generation to 500 million inFY22 and to 1.5 billion in FY24.Adjusted EBIT Margin*As we generate free cash flow, we will deploy capital to invest 3.0BCash at Year End 2.43Non-GAAP EPS** 5.5BCapital Allocationin our business and return capital to our stockholders, allwhile staying focused on maintaining our investment gradecredit profile.Enterprise Technology StackRevenue by services (billions)Total Debt at Year EndInsurance BPaaS and BPO . 1.5Analytics and Engineering . 1.8Applications . 4.0Security . 0.5Cloud . 1.5IT Outsourcing . 4.7* Please see non-GAAP reconciliation to adjusted EBITin the Form 10-K. Adjusted EBIT margin is defined asadjusted EBIT as a percent of revenue.** Please see non-GAAP reconciliation to diluted EPS fromcontinuing operations in the Form 10-K.11Modern Workplace . 2.7Strategic Alternatives . 1.0U.S. State and Local Health and Human Services (S&L HHS)and Healthcare Provider Software Businesses
Strategic PrioritiesFocus on CustomersOptimize CostsWe have built a level of customer intimacy whereWe are scaling our delivery footprint andwe are delivering, building strong partnerships andsimplifying the organization. We delivered 550being proactive with our customers. We deliveredmillion of cost savings and improved adjustedsequential revenue stabilization in each quarter ofEBIT margin in each quarter.FY21, and increased revenues (excluding dispositions)in each quarter.Quarterly Revenues 4.5 0.4Adjusted EBIT Margin(billions)7.0% 4.6 0.4 4.37.5%6.2% 4.44.2% 2.0% 2.0% 4.1Q1 FY214.2% 4.22.2%Q2 FY21Q3 FY21Q4 FY21Q1 FY21Impact of U.S. S&L HHSQ2 FY21Q3 FY21Q4 FY21Impact of U.S. S&L HHSSeize the MarketStrengthen the Balance SheetWe continue to win in the market and achieved aWe delivered a 6.5 billion debt reduction,book-to-bill ratio of greater than 1.0 in each quarter.strengthening our balance sheet. We areFor FY21 we achieved a book-to-bill of 1.12 comparedcommitted to an investment grade credit profile,to 0.90 in FY20.and our actions demonstrate our commitment.Book-to-Bill RatioDebt(billions) 12.01.181.081.131.08 9.7FY211.12 6.2Q1 FY21Q2 FY21Q3 FY21Q4 FY21Q1 FY21Q2 FY21Q3 FY21 5.5Q4 FY2112
Environmental, Social and GovernanceCreating a sustainable futureDXC is committed to being aresponsible corporate citizen,with a focus on environmental,social and governance (ESG)performance. We set and exceedambitious targets that align closelywith UN Sustainable DevelopmentGoals (SDGs). We support ourcustomers on their own corporateresponsibility and sustainabilityjourneys. Our active involvementin our communities producesbeneficial outcomes for society.UN Sustainable Development Goalsand DXC’s AchievementsUN SDG 13Reduced greenhouse gas emissionsby 21% in FY20, reaching our targettwo years earlyUN SDG 7Reduced energy consumption by 11%and increased purchase of renewableenergy by 32% in FY20UN SDG 8Contributed to 24 communitydevelopment projects in India,benefiting more than 100,000 peopleUN SDG 494% of our people havecompleted training programsthrough DXC UniversityIn 2021, DXC intends to report on theSustainability Disclosure Topics and AccountingMetrics specified by the SustainabilityAccounting Standards Board (SASB) forUN SDG 12the software and IT services industry, and99% of e-waste recycled; goal isthe recommendations of the Task Force onzero e-waste to landfill throughClimate-related Financial Disclosures (TCFD).the promotion of reuse13
Partnerships for a Better WorldAwards and RecognitionBayernwerk AGShrinking the carbon footprintBayernwerk AG, which provides electricity, heating andwater across southern Germany, has set high-priorityAwarded Prime status by ISS ESG in 2021targets around sustainability and environmental protection.to recognize DXC for fulfilling ambitiousTo help meet these goals, DXC created a digital platformabsolute performance requirementsfor Bayernwerk to launch energy-efficient products likethe EnergyPortal, which makes data more accessible toadministrators of the municipalities Bayernwerk serves.It also provides a single source for advanced analytics,which the utility’s customers can use to shrink their carbonDISCLOSURE INSIGHT ACTIONfootprint and meet their green energy goals.Recognized by the Carbon DisclosureDXC Dandelion ProgramBoosting talent with a neurodiverse workforceProject (CDP) for transparentlyproviding our environmental strategy,data and impact, contributing to aThe DXC Dandelion Program helps organizations access thetruly sustainable global economywealth of talent in the neurodiverse space, while providingopportunities for people on the autism spectrum to gainlong-term viable employment. The program’s uniquerecruitment process is tailored to encourage individuals whohave struggled in the past, and provides ongoing supportthroughout their placement. Committed to continue buildinga workplace that is as diverse as it is dynamic, NationalAchieved 100% in the Disability EqualityAustralia Bank (NAB) partnered with DXC to establish theIndex – Best Place to Work for DisabilityNeurodiversity at NAB program.InclusionYear UpHelping young adults reach their potentialEvery year, DXC welcomes students for internship programs.Interns from across the United States now have joined DXCas part of a partnership with Year Up Inc., an organizationthat is committed to closing the Opportunity Divide byhelping young adults reach their potential through highereducation and careers. The interns receive support, guidanceand hands-on training while serving in roles in technology,marketing and communications and other business functions.14
Executive LeadershipMike SalvinoPresident andChief Executive OfficerVinod BagalExecutive Vice President,Global DeliveryJim BradyPresident, AmericasMary FinchExecutive Vice President andChief Human Resources OfficerZafar HasanVice President and Head of CorporateLegal, Corporate SecretaryMark HughesPresident, SecurityTom PettitPresident, AmericasKen SharpExecutive Vice Presidentand Chief Financial OfficerKristin SlatteryVice President andChief of StaffSteve TurpiePresident, Europe,Middle East and AfricaTim WeirVice President, Global AssetProtection15
Michael CorcoranExecutive Vice President,StrategyBill DeckelmanExecutive Vice Presidentand General CounselChris DrumgooleExecutive Vice President andChief Information OfficerDmitry LoschininPresident, Analyticsand EngineeringMike McDanielPresident, ModernWorkplaceSeelan NayagamPresident, Asia PacificJim SmithExecutive Vice President,SalesDavid SwiftPresident, Insurance and BusinessProcess OutsourcingBrenda TsaiExecutive Vice Presidentand Chief Marketing andCommunications Officer16
Board of DirectorsIan ReadMike SalvinoMukesh AghiAmy AlvingDavid BarnesRaul FernandezDavid HerzogML KrakauerDawn RogersManoj SinghAkihiko WashingtonRobert WoodsChairman of DXC Technology, ExecutiveChairman of Population Health Investmentand former Executive Chairman andCEO of Pfizer; member of Kimberly-ClarkCorporation and Viatris boardsFormer CTO of Leidos;member of Fannie Mae andHowmet Aerospace boardsFormer CFO of AIG; member ofMetLife, AMBAC Financial Groupand PCCW Limited boardsFormer COO for Deloitte Global(Deloitte Touche Tohmatsu Ltd.);member of ReNew Energy Global boardand trustee of The Putnam Funds17President and CEOof DXC TechnologyFormer SVP, Chief Information andGlobal Business Services Officer ofUPS; member of Hertz boardFormer EVP and CIO of DellCorporation; member of MercurySystems and Xilinx boardsFormer EVP of WorldwideHuman Resources for WarnerBros. EntertainmentPresident and CEO of USIndia Strategic PartnershipForum; member of HindustanMedia Ventures Ltd boardVice Chairman and co-owner ofMonumental Sports & Entertainment;member of Broadcom and CapitolInvestment Corp. V boardsDirector of Human Capital atAmerican Securities and formerEVP and CHRO of PfizerFormer SVP and CFO atSungard Data Systems Inc.
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 10-K(Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended March 31, 2021OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from toCommission File No.: 1-4850DXC TECHNOLOGY COMPANY(Exact name of registrant as specified in its charter)Nevada61-1800317(State or other jurisdiction ofincorporation or organization)(I.R.S. Employer IdentificationNo.)1775 Tysons BoulevardTysons, Virginia22102(Address of principal executive offices)(zip code)Registrant's telephone number, including area code: (703) 245-9675Securities registered pursuant to Section 12(b) of the Act:Title of each classTradingSymbol(s)Name of each exchange on whichregisteredCommon Stock, 0.01 par valueper shareDXCThe New York Stock Exchange2.750% Senior Notes Due 2025DXC 25The New York Stock Exchange1.750% Senior Notes Due 2026DXC 26The New York Stock ExchangeSecurities registered pursuant to Section 12(g) of the Act: NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct. x Yes o NoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct. o Yes x NoIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. x Yeso NoIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). x Yes o No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,""accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the ExchangeAct.Large Accelerated FilerxAccelerated FilerNon-accelerated FileroSmaller reporting company Emerging growth company oIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. oIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessmentof the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act(15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. xIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x NoThe aggregate market value of the registrant's common stock held by non-affiliates of the registrant on September30, 2020, the last business day of the registrant's most recently completed second fiscal quarter, based upon theclosing price of a share of the registrant’s common stock on that date, was 4,531,553,903.254,806,966 shares of common stock, par value 0.01 per share, were outstanding as of May 24, 2021.DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant's definitive Proxy Statement relating to its 2021 Annual Meeting of Stockholders (the "2021Proxy Statement"), which will be filed with the Securities and Exchange Commission pursuant to Regulation 14Awithin 120 days after the registrant's fiscal year end of March 31, 2021, are incorporated by reference into Part III ofthis Annual Report on Form 10-K where indicated.
TABLE OF CONTENTSPageItemPART I1.Business21A.Risk Factors101B.Unresolved Staff Comments342.Properties343.Legal Proceedings344.Mine Safety Disclosures34PART II5.Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities356.Selected Financial Data367.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Quantitative and Qualitative Disclosures about Market Risk638.Financial Statements and Supplementary Data659.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure1519A.Controls and Procedures1519B.Other Information1567A.PART III10.Directors, Executive Officers and Corporate Governance15611.Executive Compensation15612.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters15613.Certain Relationships and Related Transactions
Insurance Business Process as a Service and Business Process Outsourcing. With DXC, companies can achieve tangible growth, optimize costs and deliver the best experiences for their customers . and employees. We modernize and run companies' IT systems, provide proprietary modular insurance software
