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.
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.
Unisys has been recognized as a leader in Avasant's Digital Workplace Services 2024 RadarView™ for the third consecutive year. The company earned this distinction for its persona-based digital workplace services and focus on enhancing employee experience through AI innovation.
Key strengths highlighted in the report include:
- Practice maturity: AI-driven services to enhance and measure employee workplace experience
- Investments and innovation: Microsoft 365 Copilot advisory services and a state-of-the-art Gen AI factory
- Partner ecosystem: Strategic partnerships with ServiceNow, VMware, and Google
Unisys plans to expand its focus to human and physical workspaces, using data to improve business and HR performance. The company's commitment to enhancing employee experience through proprietary solutions and partner initiatives using technologies like Gen AI has secured its leadership position.
Unisys (NYSE: UIS) has been recognized as a Disruptor in Avasant's 2024 Freight and Logistics Digital Services RadarView™ report, highlighting its capabilities in driving digital transformation in the freight and logistics sector. The report emphasizes Unisys' ability to deliver significant business value through AI-powered innovation and proprietary cloud-based solutions like Unisys Logistics Optimization™ and Unisys Cargo Portal Services.
These solutions offer comprehensive cargo management, optimizing capacity utilization, route planning, and operational efficiency. Key strengths cited include proprietary solutions, AI-powered innovation using generative AI and quantum computing, and proven industry expertise with a track record spanning four decades. Unisys serves eight out of the top 10 airlines globally, positioning itself as a leading collaborator in digital transformation for logistics providers worldwide.
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