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 as a global leader in cybersecurity solutions by Information Services Group (ISG) in their 2021 report. Unisys achieved Leader status in two quadrants: Managed Security Services (Mid-Market) and Technical Security Services. The report highlights Unisys' robust capabilities in handling IT security infrastructures and integration of various security technologies. Furthermore, Unisys was noted as a leader in the Managed Security Services quadrant in both the Australian and Brazilian reports, reinforcing its market position.
Unisys Corporation (NYSE: UIS) announced a groundbreaking software functionality that allows airlines to track the status and location of individual cargo pieces throughout their journey. This new 'piece-level tracking' (PLT) capability, integrated with Unisys Cargo Core, enhances supply chain visibility and operational efficiency. With a reported 92% of supply chain professionals lacking trust in their data, this feature is expected to significantly reduce inventory spoilage losses, which for pharmaceuticals can reach up to $138 million annually.
Unisys reported a 17.9% year-over-year revenue growth, reaching $517.3 million in Q2 2021. Operating profit rose to $40.8 million, with a margin improvement of 980 basis points to 7.9%. Non-GAAP operating profit margin reached 9.7%, up 950 basis points. Cash from operations jumped $56.1 million year-over-year to $41.9 million, while free cash flow improved to $19 million. The company expanded its Digital Workplace Solutions through the acquisition of Unify Square. A net loss of $140.8 million was reported, affected by settlement charges of $210.7 million.
Unisys Corporation (NYSE: UIS) has secured a four-year contract valued at up to US$216 million to support the EU's eu-LISA agency, enhancing IT systems for border management. The consortium, including Uni Systems and Wavestone, will provide consulting, project delivery, and support services. The project focuses on biometric authentication and mobile integration to improve border security and streamline passenger flow. The contract's maximum value is contingent on service usage, with no guaranteed orders, highlighting potential revenue uncertainty.
Unisys Corporation (NYSE: UIS) is set to release its second-quarter 2021 financial results on August 2, 2021, after market close. A conference call will follow on August 3 from 8:00 - 9:00 a.m. Eastern Time for discussion of the results. Investors can listen live via a Webcast on the Unisys Investor Website. Unisys is a global IT solutions provider, offering services in digital workplace, cloud, enterprise computing, and cybersecurity.
Unisys Corporation (NYSE: UIS) announced its participation in the Google Cloud Partner Advantage Program as a reseller of Google Cloud and Google Workspace. This partnership enhances Unisys' ability to provide comprehensive cloud services, including advisory, transformation, application modernization, and managed services. The program enables Unisys to optimize clients' workplace environments while supporting their hybrid and multi-cloud journeys. Further recognition includes Unisys being named a leader in cognitive and self-healing IT infrastructure services by NelsonHall and recognized by ISG for public cloud solutions.
Unisys Corporation (NYSE: UIS) has deployed Unbound CORE to enhance its security through centralized management of cryptographic keys and code signing. This partnership addresses the need for improved security standards and efficiency across the organization. Unbound CORE creates a virtual mesh for key management, supporting digital certificates and encryption across the business cycle. CIO Mathew Newfield highlights the benefits of standardization and innovation from Unbound. The platform mitigates risks associated with cryptographic infrastructure, improving security posture and operational overhead.
Unisys Corporation (NYSE: UIS) has been recognized as an Amazon Web Services (AWS) Managed Service Provider (MSP) for the fourth consecutive year, highlighting its cloud managed services capabilities. This designation underscores Unisys' ability to aid clients in cloud migration and governance. Additionally, Unisys has earned the AWS Government Competency, showcasing its experience with government customers. The company also received accolades from NelsonHall and ISG for its IT infrastructure and cloud solutions, indicating strong market positioning.
Unisys Corporation (NYSE: UIS) announced an expansion of its golf sponsorship, adding three new players to its PGA TOUR roster, joining Ryan Palmer, a four-time winner. The new players are Will Zalatoris, currently ranked 29th globally and a contender at the U.S. Open; Sahith Theegala, a notable NCAA award winner; and Adam Schenk, with 20 Top-25 finishes in four seasons. Unisys aims to enhance its brand visibility and create positive associations with these skilled athletes as part of its strategic marketing efforts.
Unisys Corporation (NYSE: UIS) announced the appointment of Troy K. Richardson to its board of directors, effective July 1, 2021. Richardson, currently COO of PTC Inc., brings over 30 years of IT industry experience, including leadership roles at DXC Technology, Oracle, and SAP. He expressed enthusiasm for joining Unisys, emphasizing his intention to leverage his expertise in digital workplace services and cloud computing. Unisys's Chair and CEO, Peter Altabef, welcomed Richardson, noting his significant domain experience.
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