Federal Contractors | Technology 2023: MIKE SALVINO

CHAIRMAN, PRESIDENT AND CEO, DXC TECHNOLOGY, ASHBURN

Published August 30, 2023 by Virginia Business

Since 2019, Salvino has led Fortune 500 IT contractor DXC as its CEO, and he became its board chairman last year.

DXC, which employs 133,000 people worldwide, has experienced declining revenue over the past few years. In fiscal year 2023, it reported $14.4 billion in revenue, down from $16.3 billion in 2022 and $17.73 billion in 2021. In August, the company lowered its fiscal 2024 revenue forecast to between $13.88 billion and $14.03 billion.

In September 2022, a private equity firm approached DXC about potentially acquiring the company, but buyout talks ended in March.

Also in March, the Securities and Exchange Commission fined DXC $8 million, citing the company with filing misleading financial reports from 2018 to early 2020. In a statement, DXC said it had cooperated with the SEC and resolved the matter, which it said was related to its formation in 2017 from the merger of CSC (Computer Science Corp.) and the enterprise services business of Hewlett Packard.

A graduate of Marietta College in Ohio, Salvino serves on boards for Duke University’s Pratt School of Engineering and the Atrium Health Foundation.

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