Welcome to our dedicated page for Unisys Corporation news (Ticker: UIS), a resource for investors and traders seeking the latest updates and insights on Unisys Corporation stock.
Unisys Corporation (NYSE: UIS) is a global information technology company that provides innovative, industry-focused solutions integrated with cutting-edge security to clients in government, financial services, and commercial markets. The company operates through three main segments: Digital Workplace Solutions (DWS), Cloud, Applications & Infrastructure Solutions (CA&I), and Enterprise Computing Solutions (ECS).
Digital Workplace Solutions (DWS) focuses on transforming digital workplaces securely to create exceptional end-user experiences. This segment has witnessed increased activity with existing clients, contributing to consistent growth.
Cloud, Applications & Infrastructure Solutions (CA&I) offers digital platform services, application solutions, and infrastructure management. The segment is known for its robust digital platform solutions, and its recent performance has been bolstered by new business with existing clients.
Enterprise Computing Solutions (ECS) harnesses secure, continuous high-intensity computing to enable digital services through software-defined operating environments. The ECS segment recently unveiled the Unisys Logistics Optimization™ solution, leveraging quantum computing, advanced analytics, and pre-trained AI models to address complex logistics challenges more efficiently.
Financially, Unisys reported another solid quarter with a 0.7% year-over-year revenue growth. The company saw a significant increase in Next-Gen Solutions pipeline, indicating a strong market reception to its innovations. Recent reports highlight a robust pipeline and increased client consumption levels, particularly in the Digital Workplace Solutions and Cloud, Applications & Infrastructure Solutions segments.
Unisys has also been proactive in reducing its pension liabilities and volatility, completing multiple retiree buyouts while securing benefits with highly-rated insurance companies. Significant partnerships, like those with F&G Annuities & Life, reflect Unisys' strategic management of pension obligations.
The company has also been recognized for its innovative rebranding efforts, winning the top prize at The Drum Awards Festival in the B2B: Rebrand or Relaunch category. The new brand positioning, 'Experience Breakthroughs,' underscores Unisys' commitment to enabling transformative breakthroughs for its clients.
Unisys is committed to continuous improvement and growth. The company has reiterated its full-year 2024 revenue growth and profitability guidance, emphasizing its strong performance pipeline and strategic market position. Its leadership team, led by CEO Peter A. Altabef, remains focused on leveraging new technologies and driving operational efficiencies to unlock value for clients and shareholders.
Unisys (NYSE: UIS) has been recognized by the Financial Times as one of the 2025 Best Employers in Asia Pacific, ranking in the top 35% of 500 employers. The recognition highlights the company's commitment to employee experience across its workforce in over thirty countries.
The company promotes a winning culture through continuous learning opportunities, offering virtual and instructor-led training in business, technology, and leadership practices. Employee-led forums enable knowledge sharing across business units.
The Financial Times' inaugural Best Employers in Asia-Pacific list was created in collaboration with Statista, based on a comprehensive survey conducted between May and July 2024. The assessment involved over 50,000 employees and evaluated more than 300,000 individual assessments, focusing on employee recommendations and sector perceptions.
Unisys (NYSE: UIS) announced its participation in the upcoming Needham Growth Conference in New York City. Mike Thomson, President and COO, will present on January 14, 2025, at 8:45 a.m. ET, while additional executive management will host virtual investor meetings on January 16-17, 2025.
The presentation will focus on the recently announced leadership transition, where Thomson, 56, will succeed Peter Altabef as CEO on April 1, 2025. Altabef, 65, who has been CEO since 2015 and is the company's longest-serving chief executive, will continue as Board Chair. The transition aims to support the company's strategy for accelerated growth, enhanced profitability, and improved cash generation.
Unisys (NYSE: UIS) has released its 'Top IT Insights for 2025' report, outlining eight major trends shaping enterprise technology. The report, based on industry expert discussions, highlights key developments including AI-powered natural language interfaces, quantum-safe cryptography, and evolving cloud-edge computing strategies.
The eight trends identified are: natural language becoming the AI default, shift to smaller AI models with edge computing, growth in strategic hybrid cloud usage, emergence of post-quantum cryptography, embracing entry-level talent as AI adopters, three-day hybrid work model adoption, energy-efficient AI implementation, and AI compliance localization requirements.
Unisys (NYSE: UIS) has been awarded the Gold Award at the 2024 European Contact Center and Customer Service Awards for outstanding customer experience practices. The company's Digital Workplace Solutions global service delivery team was recognized for optimizing client experiences through innovative technology and personalized services.
Additionally, Unisys was a finalist in three other categories: 'Best Customer Service Team,' 'Outsourced Contact Centre of the Year,' and 'Best Cross-Functional Collaboration.' This achievement follows their 2023 success, where they won Silver and Bronze awards in different categories.
The awards ceremony, held in London, brought together industry leaders from 44 countries, recognizing achievements across 30 categories.
Unisys (NYSE: UIS) announced that Mike Thomson, current President and Chief Operating Officer, will succeed Peter Altabef as CEO effective April 1, 2025. Thomson will join the Board while retaining his President title, and Altabef will continue as Board Chair.
Thomson joined Unisys in 2015 as Corporate Controller, advanced to CFO in 2019, and became President and COO in 2021. He brings over 25 years of experience in senior roles across various industries. The company reaffirmed its full-year revenue growth and non-GAAP operating profit margin guidance provided in its Q3 2024 earnings announcement.
Unisys (NYSE: UIS) has been recognized as a global leader in ISG's 2024 Provider Lens™ report for Generative AI Services. The company achieved leadership positions in two quadrants: Strategy and Consulting for Mid-Size Providers and Deployment and Development Services for Mid-Size Providers. Key strengths highlighted include comprehensive AI offerings, application modernization capabilities, responsible AI practices, multilingual solutions, and efficiency-led practices. Unisys leverages MLOps, virtual assistants, and creative tools while maintaining focus on ethical AI practices and transparency through collaborations with clients, academic institutions, and industry partners.
Unisys (NYSE: UIS) has been named one of America's Best Employers for Engineers in 2025 by Forbes. The recognition highlights Unisys's commitment to fostering a vibrant workplace culture and supporting employee growth. The company offers continuous learning opportunities through virtual and instructor-led training in business, technology, and leadership practices.
The Forbes list, created in partnership with Statista, was compiled based on surveys of over 22,000 U.S. employees at companies with more than 1,000 workers. The evaluation process included feedback from employees, their friends, family, and industry peers. Unisys emphasizes creating an environment that encourages experimentation, innovation, and knowledge sharing through employee-led forums.
Unisys (NYSE: UIS) has been awarded the Enduring Impact Award in Fast Company's 2024 Next Big Things in Tech list for its innovative Unisys Logistics Optimization™ solution. The technology, which combines AI and quantum computing, revolutionizes logistics efficiency for global airlines and freight forwarders by enhancing cargo loading, routing, and warehousing operations.
The solution has demonstrated significant results, as evidenced by MAB Kargo's implementation, which achieved a five percent increase in cargo capacity utilization and reduced ground labor costs. This recognition highlights Unisys' long-standing commitment to innovation and its transformative impact on the travel and transportation industries.
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.
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