Unisys Corporation (NYSE:UIS) has won an $11.20-million contract for facilitating the transfer of 4,000 Office of the Comptroller of the Currency (OCC) to an enterprise-wide, cloud-based email platform.
Terms of the Agreement
The contract has one base year and succeeding four-year option periods. Basically, Unisys will provide the OCC with analysis, design, and transition planning services, ensuring a smooth and highly secure shift to a cloud platform.
Casey Coleman, Unisys Federal Group Vice President (VP) for Civilian Agencies, stated that the company is delighted to have been selected by the OCC. Coleman noted that Unisys is excited to further work on its expertise in helping federal agencies to successfully shift to cloud solutions.
Cloud Transition
Cloud transition is now one of the company’s leading offerings. The OCC contract is one of its latest projects with federal agencies.
Recently, Unisys has facilitated the cloud transition of the US Department of the Interior. The company has also played a crucial role in the successful shift of the US General Services Administration to a cloud-based platform in 2010. The US General Services Administration is the first federal agency to conduct a cloud shift.
Q2 Financial Highlights
Unisys has issued its earnings report for the second quarter last month.
For the period, the company had a total of $21.60 million in net income, which indicates a significant improvement from a net loss of $58.20 million during the same quarter last year. On the other hand, operating cash flow surged year-over-year to $34.60 million while capital expenditures fell 36.40% year-over-year to$34 million.
Meanwhile, revenue tumbled 2.10% year-over-year to $748.90 million. This includes a total of $613.80 million in Services revenue, which dropped 7.20% year-over-year; and a total of $134.80 million in Technology revenue, which jumped 30.70% year-over-year.
Unisys ended the period with a total of $3.80 billion in services backlog, which is down by 13.70% from the same quarter in 2015. Cash and cash equivalents came in at $463.60 million.
