Cloud

Cloud Migration + Cost Savings = Innovation + Agility

Upinder Phanda is vice president and CIO at Unisys Corp., a global information technology company. Unisys offers a broad portfolio of professional services and cutting-edge products, including the Unisys Stealth micro-segmentation security technology.

As is often the case within high-tech companies, the IT department at Unisys performs a dual role: providing IT services to support the company’s 20,000 employees and also serving as an internal proving ground for technology solutions the company develops. Unisys VP and CIO Upinder Phanda was charged with managing both of these critical roles, while at the same time pursuing a more fundamental objective.

“We were challenged with reducing our operational costs in order to have more money to innovate,” Phanda explains.

To tackle these challenges, Phanda initiated an aggressive IT transformation initiative about four years ago. At the time, about 85% of his budget was spent on running the IT infrastructure, leaving just 15% for

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Microsoft ETFs to Watch on Surging Cloud Ahead of Q3 Earnings

Microsoft MSFT is set to release fiscal third-quarter 2020 results on Apr 29 after market close. Being the world’s largest software maker, it is worth taking a look at the company’s fundamentals ahead of its results.

Over the past three months, the stock has gained 5.2% outperforming the industry, which has shed nearly 8%. The outperformance is expected to continue if the software leader beats estimates (see: all the Technology ETFs here).

Inside Our Methodology

Microsoft has a Zacks Rank #3 (Hold) and an Earnings ESP of -0.81%. According to our surprise prediction methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The stock saw negative earnings estimate revision of a couple of cents for

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