Defendant Name: DXC Technology Company

Defendant Type: Public Company

Document Reference: 2023-49

Document Details

Legal Case Name In the Matter of DXC Technology Company
Document Name SEC Charges IT Services Provider DXC Technology Co. for Misleading Non-GAAP Disclosures
Document Date 14-Mar-2023
Document Format Administrative Proceeding
File Number 3-21342
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated that: "[It] charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $8,000,000.00 Shared:    

Related Documents:

33-11166 14-Mar-2023 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On March 14, 2023, the SEC instituted settled cease-and-desist proceedings against DXC Technology Company, stating: "This matter concerns material misstatements made by DXC in its reporting and disclosures of non-GAAP financial performance measures, including non-GAAP net income and non-GAAP diluted earnings per share (“EPS”), in multiple quarterly and annual Exchange Act reports and earnings releases."