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 Corporation (NYSE: UIS) has been recognized by Information Services Group (ISG) as a leader in cloud and infrastructure solutions for the second consecutive year. The ISG Provider Lens™ report highlights Unisys' strong capabilities in managed services in both the U.S. and Brazil. In the U.S., it leads in midmarket managed services and managed hosting for the public sector. In Brazil, Unisys is noted for its robust CloudForte® platform and extensive security measures. This recognition demonstrates Unisys' focus on helping clients achieve business agility through effective cloud transformation.
Unisys Corporation (NYSE: UIS) announces that Claudius Sokenu, its senior vice president and general counsel, has been recognized in Savoy Magazine's 2022 Most Influential Black Executives in Corporate America list. Sokenu, who joined Unisys in May 2022, has previously held significant roles in legal leadership at Cognizant and Andeavor. This recognition reflects Unisys' commitment to diversity and inclusivity in its corporate culture, as highlighted by CEO Peter Altabef.
Unisys Corporation (NYSE: UIS) will announce its Q2 2022 financial results on August 3, 2022, after NYSE trading ends. A conference call for financial analysis will occur on August 4, 2022, at 8:00 a.m. ET. Interested parties can access the live Webcast on the Unisys Investor Website. A replay will be available shortly after the call. This announcement allows stakeholders to prepare for the upcoming financial insights, crucial for assessing Unisys's market performance.
Unisys Corporation (NYSE: UIS) has announced a goal to achieve net zero greenhouse gas emissions by 2030, aligning with the Science Based Targets initiative. This follows the company's success in reducing its carbon footprint by 75% by 2026, achieved five years ahead of schedule using 2021 data. Their strategy includes developing solutions for energy efficiency, optimizing real estate, and procuring renewable energy. CEO Peter Altabef emphasized Unisys's commitment to sustainability and integrating environmental considerations into its business model.
Unisys Corporation (NYSE: UIS) has announced the winners of its 13th Annual Unisys Innovation Program (UIP), a competition for engineering students in India. Over 200 projects were submitted from nearly 200 colleges. Winners include Sri Manakula Vinayagar Engineering College for their project on continuous authentication using behavioral biometrics, followed by Mangalore Institute of Technology and Engineering and Kamaraj College for projects using video analytics and Web3 technologies, respectively. Participants engaged in practical experiences to enhance their industry readiness.
Unisys reported a 43% year-over-year growth in Annual Contract Value (ACV), bolstered by strong performance in Digital Workplace Solutions (DWS) and Cloud & Infrastructure Solutions (C&I). However, total revenue declined by 12.4%, primarily due to a lighter Enterprise Computing Solutions (ECS) license renewal schedule and the exit from non-strategic DWS contracts. Notably, C&I revenue grew 7.0% year-over-year, while adjusted EBITDA fell to $34.2M. The company's total pipeline increased 31% year-over-year and cash equivalents stood at $491.4M.
Unisys Corporation (NYSE: UIS) announced the appointment of Claudius O. Sokenu as senior vice president, general counsel, and secretary, effective May 2, 2022. Sokenu joins from Cognizant, bringing extensive legal expertise from both in-house and private practice, as well as government service. He succeeds Gerry Kenney, who is retiring effective April 30, 2022, after nearly nine years with Unisys. Chair and CEO Peter Altabef expressed confidence in Sokenu's capabilities and acknowledged Kenney's significant contributions to the company.
Unisys Corporation (NYSE: UIS) has appointed Debra "Deb" McCann as the new executive vice president and chief financial officer, effective May 2, 2022. McCann brings extensive experience from Dun & Bradstreet and has held senior roles at Cegedim and AT&T. Alongside her appointment, Mike Thomson has been promoted to president and chief operating officer. Thomson has previously served as CFO since September 2019, driving significant financial transformations. The leadership changes aim to enhance Unisys's financial strategy and operational performance.
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