) recently announced to have sealed a business process
outsourcing ('BPO') deal with bellwether brewer
Molson Coors Brewing Co.
) for an undisclosed sum. Per the deal terms, Molson Coors will
adopt H-P's cloud-based services to streamline its business
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis
MOLSON COORS-B (TAP): Free Stock Analysis
TERADYNE INC (TER): Free Stock Analysis
To read this article on Zacks.com click here.
Denver, Colo-based Molson Coors is one of the world's largest
brewers. It manages more than 65 leading beer brands and operates
in 30 countries through its five subsidiaries. In order to reduce
overhead costs and boost profitability, Molson Coors has
undertaken restructuring initiatives. Among other plans, Molson
Coors was eager to improve efficiencies in finance,
administration and human resources. The brewer's selection of
H-P's services goes hand-in-hand with the company's restructuring
Per the contract, H-P will host certain back-office jobs such as
the Finance and Human Resource process within its data center.
The process outsourcing will allow Molson Coors to spend less
time on supervision and focus more on generating new business
H-P's association with Molson Coors dates back to 2005, when the
brewer took up its infrastructure services. Since 2008, the tech
giant has been providing Molson Coors with its BPO services. The
tie-up clearly shows the brewer's reliance on H-P's services,
which is a positive for the tech giant's fundamentals. Molson
Coors success with H-P's technology can lure other brewers to
take up similar services from H-P to remain competitive, which
could be another key driver.
Earlier this month, H-P sealed a deal with automatic test
) for an undisclosed sum. Per the deal terms, Teradyne will
deploy a host of networking solutions from H-P to replace the
legacy networking system and enhance its information technology
Though further indication of PC market slump in 2013, declining
revenues and competition from
) are concerns, back-to-back product launches, growing exposure
into enterprise storage space and continuous deal wins are
Currently, H-P has a Zacks Rank #2 (Buy).