Unisys Corporation (UIS - Free Report) recently announced that the FamilyNow Child Portal is now available globally, and can be accessed from any device that supports Internet.
The FamilyNow Child Portal, powered by a cloud-based, enterprise-class Service-Oriented Architecture technology, is a tool that allows easier communication between social service agencies and children at risk, enabling them to cater to their needs more efficiently.
Graphical interface of the portal makes it simpler for foster children up to the age of 13 to share information and multimedia, under the supervision of caseworkers, and protection of advanced cybersecurity and privacy tools.
Big Data: An Integral Part of Public Services
The information technology industry is presently undergoing a transition, 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.
Per a recent survey by Gartner, digital transformation is more important for government agencies than for any other sector, with 18% of respondents deeming it as a top priority.
Unisys, with its suite of enterprise content management, business process management and records management capabilities, enables governments to have access to the necessary resources to enable digital government transformation.
Social Services is transforming rapidly to a “Citizen Centric” model, providing services anytime and anywhere to address unique needs of the public. Unisys, with its expertise in mission critical solutions and technology services, has been continuously developing and evolving its solutions to better cater to the most vulnerable citizens. As part of this effort, Unisys has launched the FamilyNow platform.
Industry Volatility Poses Concern
The highly volatile nature of the public sector industry is characterized by rapid technological innovation, evolving technology standards, short product life cycles and continually changing customer demand patterns.
Consequently, Unisys has to develop technologically updated products on a timely and cost-effective basis in order to respond to the evolving market trends. These make the company highly vulnerable to technological obsolescence, while leading to higher costs.
Nonetheless, the company’s focus on growth and confidence in its business strategies have helped its shares gain a whopping 146.6%, outperforming the industry’s rally of 21.4%.
Zacks Rank & Other Stocks to Consider
Unisys currently has a Zacks Rank #1 (Strong Buy).
A few other top-ranked stocks in the broader Computer and Technology sector are Fortinet, Inc. (FTNT - Free Report) , Vishay Intertechnology, Inc. (VSH - Free Report) and Radware Ltd. (RDWR - Free Report) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Fortinet, Vishay and Radware is pegged at 16.8%, 9.2% and 19%, respectively.
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