Unisys Corporation - UIS STOCK NEWS

Unisys (NYSE: UIS) has been recognized as a leader in Everest Group's Digital Workplace Services PEAK Matrix® Assessment 2024 for mid-market enterprises. The report highlights Unisys's strong capabilities in workplace consulting and analytics-driven transformations for organizations with less than $5 billion annual revenue.

The company's key strengths include specialized consulting services with MSFT 365 Copilot guidance, AI-enabled PowerSuite™ solutions for workplace transformations, and Experience-as-a-Services (XaaS) offerings that combine device performance data with employee sentiment. The recognition emphasizes Unisys's ability to deliver tailored, data-driven solutions while maintaining high client satisfaction through a balanced portfolio and robust suite of solutions.

Clariti and Unisys (UIS) have been selected by the Los Angeles Department of Building and Safety (LADBS) to implement a new enterprise community development software system. The platform will consolidate all LADBS development services into a unified digital platform, replacing the current legacy system. In 2023, LADBS processed over 167,000 permits valued at $5.8 billion and conducted more than 1 million inspections. The new system will provide 24/7 online access, centralized dashboard for applications and payments, and enhanced tools for city staff to improve efficiency and customer service.

Unisys (NYSE: UIS) has announced its management team's participation in three upcoming investor conferences. The company will attend the Southwest IDEAS Investor Conference in Dallas on November 20, 2024, the Bank of America Securities Leveraged Finance Conference in Boca Raton on December 3-4, 2024, and the Sidoti Small-Cap Virtual Investor Conference on December 5, 2024. Interested investors can arrange meetings with Unisys executives through their conference representatives.

Unisys (NYSE: UIS) released a report showing widespread positive impact of AI in the workplace. The study reveals that 71% of employees across the US, UK, Germany, and Australia report improved job satisfaction with AI integration, while 83% note increased daily productivity. 79% believe AI skills accelerate career progression, and 61% expect AI to create more jobs. From the employer perspective, 93% of executives see AI as a permanent strategic fixture, with 89% planning to increase AI usage next year. The research, based on responses from 2,015 participants and 250 US business executives, demonstrates AI's role in enhancing workplace efficiency and career development.

Unisys (NYSE: UIS) reported strong Q3 2024 results with revenue growth of 7.0% year-over-year to $497.0 million. The company achieved significant improvements in profitability metrics, with gross profit margin increasing 870 basis points to 29.2%. Operating profit margin rose to 1.5%, up 520 basis points YoY. New Business Total Contract Value increased 50% driven by new logo signings more than doubling. Cash flow from operations improved to $32.0 million compared to -$4.1 million in Q3 2023. Based on these results, Unisys raised its 2024 non-GAAP operating profit margin guidance to 6.5-8.5% from previous 5.5-7.5%.

Unisys (NYSE: UIS) has launched registration for its 16th annual Unisys Innovation Program, a ten-month technical competition for engineering students in India. The program focuses on eight key themes including AI, quantum computing, IoT, and cybersecurity. Students will work with Unisys mentors and experts to develop innovative solutions across various industries. The program's themes include Connected World, Immersive Experiences, Innovation Beyond Boundaries, Practical AI, Quantum Moves Mainstream, Supercharged Developer, Sustainability Equilibrium, and Zero Trust Security. Registration remains open until January 31, 2025.

Unisys (NYSE: UIS) has been recognized as a leader in the 2024 ISG Provider Lens™ Future of Work Services Report, receiving 30 leader designations across six regions. The company excelled in all seven quadrants, including two new categories: Workplace Strategy and Enablement Services and Smart and Sustainable Workplace Services. The recognition spans across the U.S., U.S. Public Sector, Australia, Brazil, Germany, Switzerland, and the U.K. This marks the fifth consecutive year ISG has named Unisys a leader in its report. The company demonstrated strength in collaboration services, productivity solutions, end-user technology management, and sustainable workplace services.

Unisys (NYSE: UIS) announces its participation in the EDUCAUSE Annual Conference 2024 in San Antonio, TX, from Oct. 21 – 24. The event brings together higher education technology executives to network and explore innovative solutions. Rudy Gonzalez, managing director of Unisys' higher education practice, emphasizes the opportunity to engage with leaders and create breakthroughs in the sector, focusing on solutions like GenAI to improve educational outcomes.

Unisys' higher education practice team will showcase the latest advancements in educational technology. The company will present a session on 'The Cloud and Security Transformation Journey at the California State University (CSU) System' on Thursday, October 24, at 8:30 a.m. CDT in Room 206 of the San Antonio Convention Center. Attendees can engage with Unisys experts at booth #8082.

Unisys (NYSE: UIS) has announced the dates for its third-quarter 2024 financial results release and conference call. The company will release its financial results on Tuesday, October 29, 2024, after the close of trading on the New York Stock Exchange. A conference call with the financial community will be held on Wednesday, October 30, 2024, at 8 a.m. ET to discuss the results.

Unisys will offer a live, listen-only webcast of the conference call on their Investor Website. Domestic callers can dial 1-844-695-5518, while international callers can dial 1-412-902-6749, using the conference passcode: Unisys Call. A webcast replay will be available shortly after the call, and a replay can be accessed by phone until November 13, 2024.