Worldwide information technology company
) recently announced that Queensland Department of
Education, Training and Employment has extended the contract with
its Australian subsidiary for managed information technology (IT)
support services for an additional two-year period. The renewed
contract worth $31 million will entail Unisys to provide IT
services to 82 campuses across 13 Technical and Further Education
(TAFE) Queensland institutes and the Australian Agricultural
College. The contract is scheduled to expire on October 31, 2014.
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Unisys already has business tie-ups with TAFE Queensland and the
contract renewal reinforces this long-term relationship spanning
15 years. With this contract, Unisys will support approximately
500 servers and 21,000 desktops, besides managing the wide area
networks and providing help services to approximately 74,000
support calls annually. Unisys is currently focusing on business
opportunities in fewer but more profitable markets in the IT
marketplace and the contract extension is likely to complement
Management is highly encouraged by its association with
Queensland. The company expects to work diligently to improve the
efficiency and productivity of its clients and thereby strengthen
its position in the market.
Based in Blue Bell, Pennsylvania, Unisys specializes in helping
clients to secure their operations, increase efficiency and
utilize their data centers, enhance support to their end users
and constituents and modernize their enterprise applications. The
primary market that Unisys serves worldwide includes financial
services, communications, and transportation, commercial and
public sector, including the U.S. federal government.
Unisys currently has a Zacks Rank #3 (Hold) and a long-term
Underperform recommendation. One of its competitors,
) also carries a Zacks Rank #3 (Hold).