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

MT Newswires Live

Jun 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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The company said last week it booked an additional one-time charge of $70 million in fiscal Q1 2027 related to the case.</p><p>Price: 8.27, Change: -0.01, Percent Change: -0.18</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2098885051.SGD","symbol_name":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645830619","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645830619","pubTimestamp":1782229427,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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