DXC Technology Company (NYSE:DXC) Q3 2024 Earnings Call Transcript

Rob Del Bene: Yeah. What I was referring to is in our A&E business, we had a very good booking in the bookings level in the third quarter. And as we call through the detail of that, we found that there was a fair amount of renewing a little bit early. Now in that business, this is not like a big, huge renewal that you get in an outsourcing business or a big apps deal. This is ongoing renewals of project-based services. And as we went through the waterfall of those bookings turning into revenue, we found that the renewals came a little bit earlier than they normally do. And I think it’s just customers prioritizing that spend and planning for that spend. So it’s encouraging in that they’re indicating that the spend is important to them and part of their budgeting process. But the transition into revenue is just going to take a little bit longer. And since this is project based services, that little bit longer is we’re not talking quarters, we’re talking months.

James Faucette: Okay. Great. That’s’ really useful color. Appreciate it and best of the luck, guys.

Raul Fernandez: Thank you.

Rob Del Bene: Thank you.

Operator: Thank you. And with no further questions, I’d like to turn the floor back over to Raul Fernandez.

Raul Fernandez: Thank you so much. Listen, thank you all for joining us tonight. Part of our new approach to communications is to be engaged more on this front. You’ll see more of that from Rob and I. And I look forward to meeting you in person and having more dialogue as the days and weeks and months come along. So thank you again. Good night.

Operator: Thank you. And this does conclude today’s conference call. You may now disconnect.