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 announced the acquisition of Mobinergy™, a company specializing in Unified Endpoint Management (UEM), utilizing cash reserves to fund the transaction. This acquisition aims to enhance Unisys' UEM capabilities globally, in a market projected to reach $3.4 billion by 2020, with a growth rate of approximately 32% CAGR through 2027. Mobinergy's integration is expected to further develop Unisys' employee experience portfolio, following the acquisition of Unify Square earlier in 2021.
Unisys Corporation reported third-quarter 2021 results, revealing a slight revenue decline of 1.5% YoY to $488.0M. However, gross profit rose 5.8% YoY to $126.9M, with gross margin improving by 180 bps to 26.0%. Free cash flow increased 14.9% YoY to $39.4M, and adjusted free cash flow was up 36.3% YoY to $69.9M. The company reaffirmed its FY 2021 revenue growth guidance of 0-2%. Leadership changes include CFO Mike Thomson becoming president and COO, succeeding Eric Hutto.
Unisys Corporation (NYSE: UIS) will release its third-quarter 2021 financial results on November 2, 2021, after the market closes. Following the release, a conference call is scheduled for November 3, from 8:00 - 9:00 a.m. Eastern Time, to discuss the results. Investors can access the call via a live Webcast on the Unisys Investor Website, with a replay available shortly after. Unisys is known for providing IT solutions across various sectors, emphasizing digital workplace, cloud and infrastructure, and cybersecurity solutions.
Unisys Corporation (NYSE: UIS) has appointed Roxanne Taylor to its Board of Directors as of October 18. Taylor, currently the chief marketing and communications officer at Memorial Sloan Kettering Cancer Center, has over 30 years of experience in brand leadership and marketing, notably at Accenture. Her expertise includes digital innovation, diversity, equity, and inclusion (DEI), key priorities for Unisys. Chair and CEO Peter Altabef expressed excitement over Taylor's addition, emphasizing her role in building cultures of innovation and equality.
On October 14, 2021, Unisys Corporation (NYSE: UIS) announced its role in co-hosting the National Cybersecurity Moonshot Workshop on October 19-20, 2021. This hybrid event, held in Augusta, GA, aims to accelerate the development of technologies for a more secure internet. Key areas of focus include artificial intelligence, 5G security, post-quantum encryption, and advanced identities. Industry leaders, including CEO Peter Altabef, will share insights on securing national infrastructure through collective action.
Unisys Corporation (NYSE: UIS) has been recognized as a leader in cloud and infrastructure solutions by Information Services Group (ISG) in its latest report for the U.S., U.K., and Brazil. The report ranks Unisys as a 'Leader' in the Managed Services (Mid-Market) quadrant in the U.S., reflecting its strengths in private and hybrid cloud management. Unisys leverages its CloudForte® platform to deliver secure and efficient services tailored for various enterprise needs. This accolade underscores Unisys's commitment to transforming client operations across multi-cloud environments.
Unisys Corporation (NYSE: UIS) has secured a contract with the Wisconsin Department of Workforce Development (DWD) to deliver a cloud-based contact center solution. Announced on Sept. 23, 2021, this platform enhances citizen interaction with government services, including unemployment insurance and training programs. The integration of NICE CXone and Unisys' InteliServe™️ will modernize communication channels and improve real-time reporting. This deal underscores Unisys' commitment to innovation, benefiting over 200 global government agencies.
Unisys Corporation (NYSE: UIS) has been appointed to the Australian Federal Government's Digital Transformation Agency (DTA) marketplaces, enhancing its offerings in cloud, telecommunications, and software. This initiative aims to improve the citizen and employee experience within government services. Unisys will provide comprehensive solutions including cloud transformation, digital workplace services, and cybersecurity. This collaboration reflects Unisys' commitment to supporting digital transformation across various government levels in Australia.
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