ASHBURN, Va., May 3, 2023 /PRNewswire/ -- DXC Technology (NYSE: DXC), a Fortune 500 technology services company, today announced the signing of a multi-year agreement with Scuderia Ferrari, the racing division of Ferrari N.V. (NYSE/EXM: RACE), which includes a commitment to developing the latest digital solutions for the automotive industry, elevating performance and the driving experience.
DXC brings together end-to-end custom technology to provide engineered solutions that drive the automotive industry forward. DXC is working with Ferrari on a unified and scalable digital cockpit that modernizes the vehicle's infotainment system. This will enable a long-term software strategy that can be implemented on Ferrari sports cars produced from 2024.
Together with Scuderia Ferrari, DXC will bring together the latest technologies proven in Formula 1 with the latest in human-machine interfaces (HMI). In addition, the DXC logo will appear on the exterior halo of Scuderia Ferrari Formula 1 cars, as well as on the driver's racing suit, helmet and other materials, starting May 5 with the Miami Grand Prix. of Formula 1.
"We have been working with Ferrari for a number of years on their essential infrastructure, and we are proud to move into a partnership that includes guiding them into their technological future," said Michael Corcoran, global leader of DXC Analytics.
DXC recognizes that automotive software development is becoming increasingly important with the shift to software-defined vehicles because it enhances the in-car experience and connects the driver with the automaker. DXC partners with Scuderia Ferrari due to its reputation as the most successful racing team in Formula 1 history and is known for its continuous pursuit of innovation.
"We are delighted to start this partnership with DXC Technology, a company that already provides ICT infrastructures and human-machine interfaces for Ferrari's critical systems and with which we will explore more cloud, security and software asset management solutions in the future." , highlighted Lorenzo Giorgetti, Ferrari's head of competition revenue. "With DXC we share values such as entrepreneurial expertise, the pursuit of continuous innovation and dedication to excellence. We look forward to developing this partnership in the years to come."
All statements contained in this press release that do not refer directly and solely to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and there can be no guarantee that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are beyond our control. Additionally, many of these risks and uncertainties are currently amplified by the 2019 coronavirus disease crisis and the impact of various private and government responses affecting our customers, employees, suppliers, and the economies and communities in which they operate. , and may continue to do so in the future. For a written description of these factors, please refer to the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2022, and any updated information in subsequent filings with the sec. There can be no guarantee that any objective or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements, which are valid only as of the date made. We do not undertake any obligation to update or publish any revision of any forward-looking statement, or to report any event or circumstance after the date of this report, or to reflect the occurrence of unforeseen events, except to the extent required by law. .
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DXC Technology (NYSE: DXC) helps global enterprises run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. The world's largest enterprises and public sector organizations trust DXC to deliver services that drive new levels of performance, competitiveness, and customer experience across their entire IT fleet. Learn more about how we deliver excellence to our clients and colleagues at DXC.com.
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