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Information technology firm, Unisys Corporation (UIS - Free Report) recently extended its service contract with Coopercitrus – a Brazilian agriculture cooperative – for an undisclosed amount. The contract extension entails Coopercitrus to use Unisys’ ClearPath Forward technology and IT services for organic growth.
Coopercitrus has been a client of Unisys since 1987. Over the years, it utilized Unisys’ products and services to cement its position as the largest cooperative in the state of São Paulo related to sales of agriculture raw materials, machinery and implements.
The cooperative now intends to leverage Unisys’ ClearPath Forward systems and software, disaster recovery solutions and services to boost its growth momentum in the Brazilian agribusiness sector, which grew 2.7% year over year in the first six months of 2016. The ClearPath Forward systems is a secure, scalable and cost-effective enterprise fabric based computing platform. It provides enterprise-class security, simplification and virtually unlimited scalability for faster operations.
Unisys will also offer ClearPath MCP Developer Studio, AB Suite and Data Exchange along with a BCA (Business Continuity Accelerator) disaster recovery solution and ClearPath ePortal 7.0 for modernization and development of Web and mobile applications. These products are set to be complemented by installation, upgradation, knowledge transfer and related services for due modernization of the entire operating technology architecture.
The extended contract is likely to translate into incremental revenues for Unisys. This beleaguered Zacks Rank #4 (Sell) stock has been a laggard in the recent times. It witnessed an average loss of 5.7% against a gain of 6.8% in the last three months for the Zacks categorized IT Services industry.
The information technology industry is presently undergoing a transition phase, forging new disruptive trends in cloud mobility, big data, social computing and increasing awareness of cyber security. In order to capitalize on the trends, Unisys is rationalizing its services and solution portfolio by shifting its offerings to cloud-based and software-as-a-service delivery models.
Unisys is also concentrating on business opportunities in fewer, more profitable sectors in the IT marketplace. To drive future growth, the company is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security), data center transformation and outsourcing services, end-user outsourcing and support services, and applications modernization and outsourcing services. As it seeks to keep up with the evolution in the IT industry, the company’s services unit looks set to take advantage of growth prospects in high-margin services.
Wix.com has a strong long-term earnings growth expectation of 20%.
Computer Task Group has a solid earnings history, beating estimates thrice in the trailing four quarters with an average positive surprise of 35%. It also has a healthy long-term earnings growth expectation of 10%.
CDW Corporation has a long-term earnings growth expectation of 8%. The stock also has a healthy earnings history, beating estimates in three of the trailing four quarters with an average positive surprise of 5.9%.
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Unisys Extends Brazilian Agriculture Cooperative's Contract
Information technology firm, Unisys Corporation (UIS - Free Report) recently extended its service contract with Coopercitrus – a Brazilian agriculture cooperative – for an undisclosed amount. The contract extension entails Coopercitrus to use Unisys’ ClearPath Forward technology and IT services for organic growth.
Coopercitrus has been a client of Unisys since 1987. Over the years, it utilized Unisys’ products and services to cement its position as the largest cooperative in the state of São Paulo related to sales of agriculture raw materials, machinery and implements.
The cooperative now intends to leverage Unisys’ ClearPath Forward systems and software, disaster recovery solutions and services to boost its growth momentum in the Brazilian agribusiness sector, which grew 2.7% year over year in the first six months of 2016. The ClearPath Forward systems is a secure, scalable and cost-effective enterprise fabric based computing platform. It provides enterprise-class security, simplification and virtually unlimited scalability for faster operations.
Unisys will also offer ClearPath MCP Developer Studio, AB Suite and Data Exchange along with a BCA (Business Continuity Accelerator) disaster recovery solution and ClearPath ePortal 7.0 for modernization and development of Web and mobile applications. These products are set to be complemented by installation, upgradation, knowledge transfer and related services for due modernization of the entire operating technology architecture.
The extended contract is likely to translate into incremental revenues for Unisys. This beleaguered Zacks Rank #4 (Sell) stock has been a laggard in the recent times. It witnessed an average loss of 5.7% against a gain of 6.8% in the last three months for the Zacks categorized IT Services industry.
The information technology industry is presently undergoing a transition phase, forging new disruptive trends in cloud mobility, big data, social computing and increasing awareness of cyber security. In order to capitalize on the trends, Unisys is rationalizing its services and solution portfolio by shifting its offerings to cloud-based and software-as-a-service delivery models.
Unisys is also concentrating on business opportunities in fewer, more profitable sectors in the IT marketplace. To drive future growth, the company is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security), data center transformation and outsourcing services, end-user outsourcing and support services, and applications modernization and outsourcing services. As it seeks to keep up with the evolution in the IT industry, the company’s services unit looks set to take advantage of growth prospects in high-margin services.
Some better-ranked stocks in the industry include Wix.com Ltd. (WIX - Free Report) , Computer Task Group Incorporated , and CDW Corporation (CDW - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wix.com has a strong long-term earnings growth expectation of 20%.
Computer Task Group has a solid earnings history, beating estimates thrice in the trailing four quarters with an average positive surprise of 35%. It also has a healthy long-term earnings growth expectation of 10%.
CDW Corporation has a long-term earnings growth expectation of 8%. The stock also has a healthy earnings history, beating estimates in three of the trailing four quarters with an average positive surprise of 5.9%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>