HanesBrands Expands Workplace Transformation With DXC Technology
Portfolio Pulse from Benzinga Newsdesk
DXC Technology (NYSE:DXC) has signed a five-year contract with HanesBrands (NYSE:HBI) to enhance the work experience of HanesBrands' global workforce through Modern Workplace solutions. The partnership, an extension of their existing multi-year global collaboration, will leverage ServiceNow and DXC UPTimeTM Device Management technologies to improve productivity, connectivity, and efficiency across HanesBrands' operations in 32 countries. The digital transformation aims to facilitate better collaboration among HanesBrands' 51,000 associates worldwide and drive business growth by becoming a more digital and data-driven enterprise.
November 21, 2023 | 1:34 pm
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DXC Technology has expanded its partnership with HanesBrands to provide Modern Workplace solutions, aiming to digitalize HanesBrands' global workforce and improve operational efficiency.
The announcement of a new five-year contract with HanesBrands to provide Modern Workplace solutions is likely to be viewed positively by investors. This deal not only strengthens DXC's revenue stream but also showcases its capability in delivering digital transformation services, which could lead to similar contracts in the future.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HanesBrands enters into a five-year agreement with DXC Technology to modernize its workplace environment, which is expected to enhance global employee collaboration and drive business growth.
HanesBrands' investment in a digital workplace environment is likely to be seen as a positive move towards improving operational efficiency and productivity. This could lead to cost savings and better market positioning in the long term, which may have a favorable impact on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80