Results for the quarter included $153 million in restructuring costs and $147 million for the merger transaction.Įnterprise Services had deep job cuts in the several years preceding the merger, laying off tens of thousands and offshoring more than half of the unit’s remaining jobs. Securities and Exchange Commission (SEC) charges over how certain executives were doing the books, the business publication reported last year.ĬSC’s latest financial results for the quarter ending March 31 reported an $187 million loss on $1.81 billion in revenue. When DXC was formed, HP Enterprise retained half ownership.īoth CSC and HP’s Enterprise Services consulting unit faced some troubles prior to forming the newly-combined company, according to Business Insider.ĬSC had layoffs, filed a lawsuit accusing one of its top executives of fraud, and paid $190 million to settle U.S. 379 on Fortune 500’s most recent list with $7.1 billion in revenue in 2016. The company is a Microsoft Gold Partner, also selling Dynamics 365, ERP and CRM products, among many others. Newly-formed DXC Technology, based in Tysons, Virginia, has about 6,000 public and private sector clients across 70 countries. Under the acquisition, which finalized July 5, Tribridge will be known as ‘Tribridge, a DXC Technology Company.’ Concerto Cloud Services will become DXC Concerto, also operating independently. In a statement, DXC said the purchase of Tribridge will expand its offerings for customers in those industries, as well as consumer packaged goods and professional services.
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The company also sells proprietary software built on the Dynamics 365 CRM platform for markets including healthcare, justice and public safety. It has been recognized as the Dynamics 365 Worldwide and U.S.
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It is one of the largest privately-owned companies in the Tampa, Florida area, and it has been expanding near that home base as of late, according to the Tampa Bay Business Journal.Ī Microsoft Dynamics 365 partner since 2004, Tribridge sells the full suite of Dynamics 365, ERP and CRM business applications to mid-market and enterprise customers. Managed IT service provider Tribridge was founded in 1998 and has 740 employees across North America and Europe.
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