DXC Technology Co. DXC, -4.28% said Friday that it will no longer pursue business in Russia and has committed to leaving that market, given Russian military aggression against Ukraine. The Virginia-based technology consulting and outsourcing services company said it has about 4,000 employees in Russia, and will continue to provide support for those employees. The company added that it will match employees donations to the Red Cross at a 200% rate, which includes providing financial support to its employees in Russia. “DXC stands with every person, company, and government across the world that is calling for an immediate end to this unprovoked attack on Ukraine,” the company said in a statement. The stock, which was indicated up nearly 1% in premarket trading, has gained 3.8% over the past three months, while the S&P 500 SPX, -0.79% has lost 3.9%.
