DXC reduced its 2019 revenue target to a range of $20.7 billion to $21.2 billion. The drop includes $300 million in currency and a $200-million-revenue shortfall for the second quarter ended September 30. Another $300 million stemmed from "revised phasing of contracts in our digital and applications business." However, cost cutting yielded greater-than-expected savings and DXC raised its earnings estimate. The suit, City of Warren Police and Fire Retirement System v. DXC Technology Company, et al. stems from the market reaction to the reduction and also the reported dismissal of Karan Puri, EVP and GM for the Americas. Puri, who joined the company in January, left on October 24. DXC shares are said to have dropped by 16 percent in reaction to that news. Then came the revenue target change, announced during the November 6 second-quarter earnings webcast. During that webcast, CEO John Michael Lawrie acknowledged some of the shortfall stemmed from execution issues “particularly in our application maintenance and management business. For example, the Americas moved to a little bit more of a general sales model. I concluded that, that wasn't working and made some changes. So we've gone back to a more specialist orientation to sales in our applications business.” Departing executives were not named. However Kevin Armstrong, VP of sales for North America, left in September after 15 months on the job. He became chief revenue officer for Global Safety Management in October. Armstrong was with the former Tribridge from August 2010 through September. Tribridge, acquired by DXC in July, has been combined with the former UXC Eclipse.