FILE PHOTO: Figurines with computers and smartphones are seen in front of DXC logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File photo
(Reuters) -IT management firm DXC Technology forecast first-quarter and full-year revenue below estimates on Thursday as it anticipates cautious spending by clients due to macroeconomic uncertainty, sending its shares down 18%.
Rising borrowing costs are driving most companies to keep a tight leash on their IT spending.
