DXC Technology Delivers Sequential Growth in Revenue, Bookings, EBIT and Earnings per Share

Segment Profit

We define segment profit as segment revenue less costs of services, segment selling, general and administrative, depreciation and amortization, and other income (excluding the movement in foreign currency exchange rates on our foreign currency denominated assets and liabilities and the related economic hedges). We do not allocate to our segments certain operating expenses managed at the corporate level. These unallocated costs include certain corporate function costs, stock-based compensation expense, pension and OPEB actuarial and settlement gains and losses, restructuring costs, transaction, separation and integration-related costs and amortization of acquired intangible assets.

       
Three Months Ended Nine Months Ended
(in millions)

December 31,
2018

   

December 31,
2017

December 31,
2018

   

December 31,
2017

Profit
GBS profit $ 395 $ 423 $ 1,198 $ 1,066
GIS profit 528 450 1,475 1,171
All other loss (83 ) (76 ) (231 ) (130 )
Interest income 27 27 92 59
Interest expense (81 ) (73 ) (249 ) (220 )
Restructuring costs (76 ) (210 ) (418 ) (585 )
Transaction, separation and integration-related costs (107 ) (83 ) (305 ) (273 )
Amortization of acquired intangible assets (134 ) (134 ) (401 ) (389 )
Pension and OPEB actuarial and settlement losses       17         17  
Income from continuing operations before income taxes $ 469   $ 341   $ 1,161   $ 716  
 
Segment profit margins
GBS 18.2 % 18.3 % 18.5 % 15.5 %
GIS 17.5 % 14.3 % 16.4 % 12.7 %
 

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