DXC Technology
Company History
DXC Technology History: Founding, Growth & Key Milestones
Founded 2017 in Ashburn, Virginia
When was DXC Technology founded?
DXC Technology was founded in 2017 in Ashburn, Virginia by Fletcher Jones, Roy Nutt and H. Ross Perot, making it 9 years old.
- Founded
- 2017
- Founding place
- Ashburn, Virginia
- Founders
- Fletcher Jones, Roy Nutt and H. Ross Perot
- Headquarters today
- Ashburn, Virginia, United States
- Milestones documented
- 12 (1959–2026)
- Current CEO
- Raul Fernandez
- Acquisitions
- 3
| Year | Event |
|---|---|
| 1959 | April: Fletcher Jones and Roy Nutt found Computer Sciences Corporation (CSC) in Los Angeles with $100. |
| 1962 | June: H. Ross Perot incorporates Electronic Data Systems (EDS) in Dallas, inventing commercial IT outsourcing. |
| 1968 | CSC becomes the first independent software company listed on the New York Stock Exchange. |
| 1984 | General Motors acquires EDS for $2.5 billion; EDS later spins off in 1996 as an independent giant. |
| 2008 | Hewlett-Packard acquires EDS for $13.9 billion, renaming it HP Enterprise Services. |
| 2016 | May: HPE and CSC announce a spin-merger to unite enterprise IT services. |
| 2017 | April 3: DXC Technology officially launches on the New York Stock Exchange under the ticker 'DXC'. |
| 2018 | Perspecta Spin-Off |
| 2019 | DXC acquires digital engineering firm Luxoft for about $2.0 billion; Mike Salvino becomes CEO. |
| 2020 | State and Local Health Business Sold |
| 2024 | Raul Fernandez appointed President and CEO in February. |
| 2026 | DXC reports FY2026 revenue of $12.64B; in July names Paul Taylor President and Dan Gray President of GIS while Raul Fernandez stays CEO. |
- Where was DXC Technology founded?
- DXC Technology was founded in Ashburn, Virginia in 2017.
- Who founded DXC Technology?
- DXC Technology was founded by Fletcher Jones, Roy Nutt and H. Ross Perot.
- When did DXC Technology start?
- DXC Technology was founded in 2017.
- How old is DXC Technology?
- DXC Technology is 9 years old as of 2026.
Founding Story
DXC does not have a romantic startup origin story; it was engineered in a corporate boardroom in 2017. Hewlett Packard (HP) had previously bought a large IT consulting company called EDS in 2008 for $13 billion, which turned out to be a large disaster. Desperate to get rid of the struggling services division, HP spun it off and merged it with another large legacy IT company (CSC). They named the new corporate leviathan 'DXC Technology', instantly creating one of the largest IT service providers on earth, but inheriting decades of complex, highly inefficient corporate baggage.
Founders
Fletcher Jones
Fletcher Jones co-founded Computer Sciences Corporation (CSC) in 1959. Recognizing that early computers were useless without custom instructions, he helped create the entire concept of the 'software industry' by providing contract programming for aerospace and defense companies like Honeywell and the US military.
Roy Nutt
Roy Nutt co-founded CSC in 1959 alongside Fletcher Jones. At IBM, he had been instrumental in developing the absolutely foundational SHARE Assembly Program (SAP) and worked on the very first FORTRAN compiler. His deep technical genius established CSC as the premier software consulting firm in America.
H. Ross Perot
H. Ross Perot founded Electronic Data Systems (EDS) in 1962 with a $1,000 investment. He completely invented the modern IT outsourcing industry, realizing he could buy unused computer time and sell complete data processing services to massive corporations like General Motors (which eventually bought EDS).
Key Milestones
April: Fletcher Jones and Roy Nutt found Computer Sciences Corporation (CSC) in Los Angeles with $100.
Source: en.wikipedia.orgJune: H. Ross Perot incorporates Electronic Data Systems (EDS) in Dallas, inventing commercial IT outsourcing.
Source: en.wikipedia.orgCSC becomes the first independent software company listed on the New York Stock Exchange.
Source: en.wikipedia.orgGeneral Motors acquires EDS for $2.5 billion; EDS later spins off in 1996 as an independent giant.
Source: en.wikipedia.orgHewlett-Packard acquires EDS for $13.9 billion, renaming it HP Enterprise Services.
Source: en.wikipedia.orgMay: HPE and CSC announce a spin-merger to unite enterprise IT services.
Source: en.wikipedia.orgApril 3: DXC Technology officially launches on the New York Stock Exchange under the ticker 'DXC'.
Source: en.wikipedia.orgPerspecta Spin-Off
DXC spun off its US public sector business in 2018 to form Perspecta.
Source: en.wikipedia.orgDXC acquires digital engineering firm Luxoft for about $2.0 billion; Mike Salvino becomes CEO.
Source: en.wikipedia.orgState and Local Health Business Sold
DXC sold its US state and local health and human services business to Veritas Capital in 2020 for about $5 billion.
Source: en.wikipedia.orgRaul Fernandez appointed President and CEO in February.
Source: en.wikipedia.orgDXC reports FY2026 revenue of $12.64B; in July names Paul Taylor President and Dan Gray President of GIS while Raul Fernandez stays CEO.
Source: dxc.comMajor Acquisitions
Tribridge
2017DXC Technology acquired Tribridge in 2017 for $152 million.
Luxoft
2019Acquired digital engineering and custom software development firm Luxoft to enhance digital transformation capabilities.
Virtual Clarity
2020Acquired cloud transformation advisory firm Virtual Clarity to accelerate enterprise migrations to AWS, Azure, and Google Cloud.
Keep researching DXC Technology
DXC Technology Company History FAQ
What is the chronological history of DXC Technology from 1959 to the present day?
Tracing origins to CSC in 1959 and EDS in 1962, DXC was formed in 2017 via the $8.5B CSC-HPE Enterprise Services merger. It acquired Luxoft in 2019 for $2.0B, launched Platform X automation in 2020, and restructured under CEO Raul Fernandez in 2024 to lead enterprise AI and cloud engineering.
When did Computer Sciences Corporation (CSC) become the first software company on the NYSE?
In 1968, Computer Sciences Corporation (CSC) made financial history by becoming the very first software and IT services company listed on the New York Stock Exchange, setting the precedent for the public software industry.
When did DXC Technology begin trading on the New York Stock Exchange?
DXC Technology officially began trading on the New York Stock Exchange on April 4, 2017, under the ticker symbol DXC, following the successful completion of the merger between CSC and HPE Enterprise Services.
How did DXC launch the Platform X intelligent automation platform in 2020?
In October 2020, DXC launched Platform X, an enterprise data-driven AIOps platform designed to automatically monitor, self-heal, and optimize mission-critical IT infrastructure for hundreds of global enterprise clients.
When did DXC celebrate the 5th anniversary of its formation?
In April 2022, DXC Technology marked five years since its 2017 launch, reflecting on its successful transformation into a modern cloud, digital engineering, and cybersecurity partner for the world's largest enterprises.
How did DXC support Fortune 500 enterprises during the global COVID-19 pandemic?
In 2020, DXC rapidly virtualized over 1 million enterprise client desktops in weeks, deployed secure remote-access infrastructure for global banks and healthcare providers, and maintained 99.99% mission-critical uptime during global lockdowns.
What was the significance of Raul Fernandez's appointment as CEO in February 2024?
Raul Fernandez's appointment brought a proven technology entrepreneur to the helm, initiating a sharp strategic focus on AI-driven digital engineering, debt reduction, and higher-margin software solutions across CES.
What is DXC Technology's long-term vision for the future of enterprise IT?
DXC's vision is to be the indispensable technology modernization partner for global industry leaders, delivering secure, automated, and AI-powered cloud and engineering solutions that drive business transformation for decades to come.
How did DXC Technology start?
DXC was technically created in 2017. It was formed through a massive, highly complex corporate spin-merge. Hewlett Packard Enterprise (HPE) spun off its massive, struggling Enterprise Services division and immediately merged it with Computer Sciences Corporation (CSC) to create DXC Technology.
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