Unisys Launches New Application

Zacks Equity Research
May 14, 2012

Global IT company Unisys Corporation (UIS) has recently announced the launch of its latest mobile application called Unisys Storage Survey 2012. The platform is primarily for iPhone, iPad, iPod, Android and BlackBerry users and will offer IT executive customers an intuitive approach to maximize their device storage facilities.

The new application allows its users to comprehend their organizational information storage structure such as the pattern and quantity of information stored in the system. Further, the company stated that by means of the new service, the clients will be able to optimize the use of its device information storage in a cost efficient way.

In addition, the application provides a range of information about storage issues which is expected to facilitate the users to strategically use their resources for expanding their businesses. Moreover, the users can avail the application for free from the Google (GOOG) play and Apple (AAPL) Application Store.

Earlier, Unisys reported revenues of $928 million in the first quarter of 2012, up 2% from the year-ago quarter. The rise was mostly due to the high revenue in the company’s U.S. Federal business, driven by continued growth in IT outsourcing and systems integration revenue. We can be hopeful of similar yields from the coming quarters accruing from such technological advancements implemented by Unisys.

However, the turbulent condition prevalent in the economy may hinder the growth of Unisys in future. The company faces fierce competition from CoStar Group Inc. (CSGP) and Computer Task Group Inc. (CTGX), who exhibited striking results, even in such difficult situations.

The macro-economic conditions continue to be challenging. Hence, we continue to have a Zacks #3 Rank on the stock which translates into a short-term rating of Hold. Nevertheless, in the long run, we have a Neutral recommendation on the stock.

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