H-P Takes Molson Coors to Cloud - Analyst Blog
12 März 2013 - 1:10PM
Zacks
Hewlett-Packard
Co. (HPQ) recently announced to have sealed a business
process outsourcing ('BPO') deal with bellwether brewer
Molson Coors Brewing Co. (TAP) for an undisclosed
sum. Per the deal terms, Molson Coors will adopt H-P’s cloud-based
services to streamline its business operations.
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 plans.
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 ideas.
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 equipment
manufacturer Teradyne Inc. (TER) 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 (‘IT’)
infrastructure.
Though further indication of PC market slump in 2013, declining
revenues and competition from Dell Inc. (DELL) are
concerns, back-to-back product launches, growing exposure into
enterprise storage space and continuous deal wins are
encouraging.
Currently, H-P has a Zacks Rank #2 (Buy).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
TERADYNE INC (TER): Free Stock Analysis Report
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