) recently announced that the company has launched a new set of
services which will supposedly help organizations in executing
tasks more efficiently.
These tasks help reduce the cost, complexity, risk and time
involved in implementing a complex mission-critical application
Unisys added that these new services are known as Application
Modernization Platform as a Service (
) COE (Center of Excellence) are designed to help clients maximize
return on investment from their modernization initiatives and
realize the full benefits of a service-oriented architecture (
AMPS COE complements the company's subscription-based
Application Modernization Platform as a Service (
Unisys AMPS SOA Core offering was launched in 2011 for the
U.S. federal market. This offering is now available to commercial
and public sector organizations on a worldwide basis. Organizations
undertaking the company's AMPS COE services and AMPS SOA Core
offering can realize measurable benefits in about 12 to 18
Earlier, Unisys announced that announced that its U.K.
subsidiary has been selected by the U.K. agreement to deliver
Specialist Cloud Services
as part of the government's new G-Cloud framework.
The G-Cloud framework is part of the U.K. government's program
to transform its services with the aim of achieving cross
government economies of scale, delivering flexible and responsive
IT systems to support government policies and strategies. In
addition, the government also plans to take advantage of new
technologies, meet environmental targets along with creating a
dynamic procurement process and supplier marketplace.
Earlier, Unisys reported revenues of $985 million in the fourth
quarter, down 6% year over year. Foreign currency fluctuations did
not have much of an impact on revenue in the quarter.
About half of the decline was due to lower revenue in the
company's U.S. Federal business and the remainder was primarily due
to lower third-party equipment sales in the rest of the
Net income came in at $94.3 million or $1.94 per share compared
to a net income of $78.6 million or $1.63 per share in the third
quarter and a net income of $95.2 million or $2.20 in the year-ago
quarter. The results beat the Zacks Consensus Estimate of
We continue to maintain an Outperform recommendation on Unisys.
In the short-run, the company has a Zacks #3 Rank, which translates
into a short-term rating of Hold.
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