Revenue flow

Margins

Stage	DXC	% of rev	ADP	% of rev	Gap · A − B
Revenue	$3.0B	100.00%	$5.5B	100.00%	ADP ×1.81
Gross profit	$660M	21.75%	$2.8B	50.57%	ADP +28.8pp
Operating income	$66M	2.18%	$1.5B	26.64%	ADP +24.5pp
Pre-tax income	$54M	1.78%	$1.5B	26.50%	ADP +24.7pp
Net income	$13M	0.43%	$1.1B	20.49%	ADP +20.1pp

Stage	DXC	ADP	Gap · A − B
Revenue	$3.0B100.00%	$5.5B100.00%	ADP ×1.81
Gross profit	21.75%$660M	50.57%$2.8B	ADP +28.8pp
Operating income	2.18%$66M	26.64%$1.5B	ADP +24.5pp
Pre-tax income	1.78%$54M	26.50%$1.5B	ADP +24.7pp
Net income