DXC technology (DXC – Free Report) recently announced that it has signed a multi-year partnership agreement with Manchester United (MANU – Free Report) to digitally transform soccer club operations and enhance its fan experiences around the world. DXC will be the club’s primary digital transformation partner.
DXC will assist Manchester United in optimizing its digital solutions, enhancing the way football club fans interact and engage. Through this large partnership, DXC will develop the club’s website and media platforms, manage the app and streamline analytics data, which will allow it to offer a better fan experience to fans. its digital channel.
DXC will be Manchester United’s principal shirt sleeve partner for the 2022/23 season. This will enhance the company’s brand value by giving it worldwide exposure to Manchester’s global audience. The DXC brand logo can be seen on the soccer club’s home, fight and third kit for the men’s, women’s and youth teams.
In addition, the company will support Manchester United Academy coaching staff through data analysis. It will work together as a presenting partner in the club’s charity hand, the Manchester United Foundation, for community care through digital workshops, programs and personal seminars.
Currently, the company focuses on the cloud computing market, cyber business and Big Data business. Clients are increasingly relying on cloud-based services as DXC makes IT systems more agile and productive, leading to significant cost savings. According to Gartner, global IT spending is expected to be $ 4.4 trillion in 2022, suggesting a 4% increase from 2021. The research firm expects global spending on IT services to grow 6.8% annually until $ 1.27 trillion this year. Therefore, DXC, a major player in the space, is expected to benefit from this untapped opportunity.
In June, the company secured a five -year network and security services contract from the European Space Agency to provide scalable, secure network services to its international workers of scientists, engineers and information technology specialists. .
Prior to that, in January, DXC formed a global DXC ServiceNow Strategic Business Group in partnership with Service Today (NOW – Free Report) to promote the transformation of business operations services. The partnership with ServiceNow has enabled DXC to offer more cost-efficient and resilient technology services through Platform X to businesses that automate their service operations and meet the requirements. customer requirements.
Zacks Rank & A Key Pick
DXC and ServiceNow currently have Zacks Rank #3 (Hold), while Manchester United have Zacks Rank #4 (Sell). Shares of DXC, MANU & NOW fell 8.9%, 24.2%and 24%, respectively, in the year-to-date period.
A better ranked stock from the broader Computer and Technology sector is Baidu (BIDU – Free Report), with Zacks Rank #1 (Strong Buy). You see the complete list of Zacks #1 Rank stocks is now here.
The Zacks Consensus Estimate for Baidu’s earnings in the second quarter of 2022 was revised 31 cents south to $ 1.38 per share over the past 60 days. For 2022, earnings estimates have moved 3 cents north to $ 8.27 per share over the past 60 days.
Baidu’s earnings surpassed the Zacks Consensus Estimate in each of the previous four quarters, a surprise average of 52.9%. BIDU shares are up 0.3% year to date.
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