Unisys Corporation
(
UIS
) recently announced that its present contract with California
State University (
CSU
) has of late been extended to provide cloud-based IT solution
services.
California State University (
CSU
) happens to be the largest public university in the United States,
besides having a long -term relationship with Unisys as a
client.
According to the contract, a disaster recovery system shall be
installed by Unisys at the university's Eagan service center at
Minnesota in order to get more securely and efficiently
manage the transmission and accessibility of information database
across CSU.
The contract has a term period of four years through April 2016
with a one-year renewal option.
Prior to this, Unisys had been catering to the applications and
databases of CSU's Oracle/PeopleSoft Higher Education suite for CSU
at its Salt Lake City services center in Utah.
The current contract extension will strengthen the company's
existing relationship with the university not to mention the
upgraded cloud-based solutions. These upgraded versions will be
available at 23 campuses and the university's Chancellor's Office
for imperative and efficient task management.
Unisys recently announced its third quarter financial results of
2011, whereby revenues were declared to rise at 6% year over year
to $1.02 billion. The company's slowing demands from the U.S.
Federal businesses diminished its service revenues to grow at just
2% year over year. However, the company has been currently
implementing a number of cost reduction and aggressive marketing
strategies to focus on higher-growth areas.
Hopefully, the awarding of such contracts and active management
advances would ameliorate Unisys' revenues considerably by next
quarter. Besides, thus fortified, the company will also be able to
battle stiff competition from ominous rivals such as
Accenture plc
(
ACN
),
Hewlett-Packard Co.
(
HPQ
) and
International Business Machines Corp.
(
IBM
) in the IT services industry.
We currently have a Zacks Consensus Estimate of $2.29 per share
and $3.24 per share for fiscal years, 2011 and 2012,
respectively.
Headquartered in Blue Bell, Pennsylvania and established in
1886, Unisys Corp. provides IT solutions to the public sector
including the U.S. federal government and also several private
sector firms. It operates through two primary segments - Services
and Technology. Currently it has an employee database of
approximately 22,900 people.
ACCENTURE PLC (
ACN
): Free Stock Analysis Report
HEWLETT PACKARD (
HPQ
): Free Stock Analysis Report
INTL BUS MACH (
IBM
): Free Stock Analysis Report
UNISYS (
UIS
): Free Stock Analysis Report
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