DXC raises annual forecast on robust cloud demand


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 services company DXC Technology raised its annual revenue and profit forecast on Thursday, driven by steady enterprise spending on its cloud-based solutions.

Businesses' heavy investments in artificial intelligence have resulted in increased demand for cloud computing services that power the technology, benefiting companies that offer cloud infrastructure solutions, such as DXC Technology.

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