DXC Technology Gets $213.6 Million From Tata Consultancy Services After Supreme Court Ruling

MT Newswires Live

06/23

DXC Technology (DXC) said it has collected $213.6 million from Tata Consultancy Services following a Supreme Court decision that left in place lower-court rulings in a trade-secrets case involving a DXC subsidiary.

The court declined to review a $168 million damages award in favor of DXC, which, with interest, resulted in the $213.6 million collected, the company said Tuesday in a statement.

The US Court of Appeals for the Fifth Circuit had upheld findings that Tata Consultancy willfully misappropriated trade secrets, DXC said.

Tata Consultancy didn't immediately respond to a request for comment from MT Newswires. The company said last week it booked an additional one-time charge of $70 million in fiscal Q1 2027 related to the case.

Price: 8.27, Change: -0.01, Percent Change: -0.18

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