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Unisys Corporation (UIS - Analyst Report) recently unveiled its latest Agile Business (AB) Suite application software, Release 3.0, which can be used for Unisys ClearPath MCP and Microsoft Windows networks.

In today’s world, there is a huge demand for creating and upgrading various mission-critical applications in an easier manner in order to augment client productivity. The company’s newly launched Release 3.0 by utilizing Microsoft Visual Studio and Team Foundation Server will offer an in-depth outlook for the application development.

Unisys’ advanced platform through deploying web services will be integrating mobile devices with Unisys ClearPath ePortal. Now with the help of this software, the programmers can build new applications and customers can easily access these applications from their Apple iPhones and iPads, various Android devices and BlackBerrys.

Moreover, as the company’s AB Suite Release 3.0 is compatible with Enterprise Application Environment (EAE) process, it is easy to shift from EAE related applications to AB Suite Release 3.0 without affecting application performance.

The company’s new software service is ideal for resolving any queries related to vertical-industry and financial institutions. Management stated that various organizations would now be able to improve its business productivity by leveraging the company’s AB Suite Release 3.0.

Unisys is currently concentrating on business opportunities in fewer, more profitable markets in the information technology (IT) market place. To drive future growth, Unisys 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. The company has secured quite a few contracts in these segments recently that should propel the top line. 

The company, however, should not become complacent with its contract win spree as it faces stiff competition largely from proactive companies including Infosys Ltd. (INFY - Analyst Report), Acxiom Corporation (ACXM - Analyst Report) and Amdocs Limited (DOX - Analyst Report). Amdocs recently introduced its latest Amdocs Product Lifecycle Management solution. The newly launched services will be used for managing the internal workflow systems for any service provider. Hence, Unisys has to focus on continuously developing its entire business, which may turn out to be expensive.

The current Zacks Consensus Estimates for Unisys are $1.00 and $2.20 per share for the fourth quarter of 2012 and full year of 2012, respectively. The estimates represent a year-over-year growth of (51.80%) for the fourth quarter and (50.23%) for 2012. At present, we have a ‘Neutral’ recommendation on Unisys. The stock currently carries a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating.

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