Welcome to our dedicated page for Unisys news (Ticker: UIS), a resource for investors and traders seeking the latest updates and insights on Unisys 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 Corporation (NYSE: UIS) has been recognized as a leader in the 2022 ISG Provider Lens™ Public Cloud – Solutions and Services report by Information Services Group (ISG). This annual report evaluates public cloud infrastructure services and digital transformation providers.
Unisys excelled in several quadrants, including Consulting and Transformation Services for midmarket and public sector in the U.S., as well as Managed Public Cloud Services in both the U.S. midmarket and public sector. The company aims to enhance businesses' efficiency and resilience through cloud solutions, as highlighted by senior vice president Manju Naglapur.
Cross Country Healthcare (NASDAQ: CCRN) has appointed Dwayne L. Allen to its Board of Directors, effective January 3, 2023. Allen, a seasoned IT and digital executive with over 25 years of experience, previously held senior roles at Unisys and Microsoft. His expertise in digital innovation and analytics is expected to enhance the company's strategic growth. CEO John A. Martins expressed excitement about Allen's insights furthering their digital strategy aimed at improving services for clients and professionals.
Unisys Corporation (NYSE: UIS) announced that its Vice President of Internal Audit and Chief Audit Executive, Lucia Wind, has been named board chair of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Wind will start her three-year term on January 1, leading efforts in internal control, enterprise risk management, governance, and fraud deterrence. Having joined Unisys in 2019, she brings extensive experience from various sectors, including her previous role at Ellucian, where she advanced the company's strategic transition to a SaaS model.
Unisys Corporation (NYSE: UIS) has announced the election of John Kritzmacher to its Board of Directors, effective December 13, 2022. Kritzmacher brings extensive experience in finance and operations from his roles at companies like John Wiley & Sons and WebMD Health Corp. He aims to provide insights into Unisys's global operations, as over half of its revenues are generated from non-U.S. markets. The announcement comes alongside Unisys's new brand identity, signaling a strategic shift within the company.
Unisys Corporation (NYSE: UIS) announced its participation in key investor conferences. On December 8, 2022, CFO Deb McCann will present at the Sidoti December Virtual Small Cap Conference at 9:15 a.m. ET, with opportunities for one-on-one and small group meetings. Following this, on January 10, 2023, she will engage in similar meetings at the Needham Growth Conference in New York, NY. The Sidoti presentation will be available via live webcast on the Unisys Investor Relations website.
Unisys Corporation (NYSE: UIS) and Faction have partnered to launch a comprehensive solution for data protection, cyber recovery, and business continuity across on-premises and multi-cloud environments. This service offers cryptographically isolated data storage, leveraging Dell PowerProtect Cyber Recovery for enhanced data efficacy, as well as ongoing management of recovery processes. The collaboration aims to boost organizations' cyber resilience, providing specialized services that facilitate innovative data management strategies. This initiative represents a significant step in enhancing clients' security and operational efficiency.
Unisys Corporation (NYSE: UIS) has been recognized as a leader in the 2022 ISG Provider Lens™ Future of Work report by Information Services Group. This report assesses global digital workplace services and solutions across multiple regions, including the U.S. and U.K. Unisys was highlighted in four quadrants: Workplace Strategy Transformation, Managed Employee Experience, Managed Workplace Services for End-User Technology, and Digital Service Desk. The recognition aligns with Unisys's goal to enhance employee experience in a hybrid work environment.
Unisys Corporation (NYSE: UIS) is under investigation by Holzer & Holzer, LLC for potential violations of federal securities laws. Following its announcement on November 7, 2022, that it could not file its 10-Q quarterly report for the quarter ended September 30, 2022, the company reported a significant loss of $40.1 million in Q3. Furthermore, Unisys is looking into potential weaknesses in its internal controls over financial reporting. The news led to a drop in the company's stock price.
Unisys Corporation (NYSE: UIS) reported a 5.5% decline in revenue for Q3 2022, totaling $461.2 million, though constant currency revenue grew by 0.3%. The company achieved a 20% increase in Annual Contract Value (ACV) and a 31% growth in Total Contract Value (TCV). Unisys revised its full-year guidance, projecting a revenue decline of -5.5% to -3.5%, with an expected non-GAAP operating profit margin between 6.0% to 8.0%. Additionally, a Form 12b-25 was filed due to delays in submitting the Form 10-Q, as the Audit Committee investigates internal controls.
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