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 managed public cloud services across the U.S., U.K., and Brazil by the Information Services Group (ISG). The ISG Provider Lens™ report highlights Unisys's capabilities in consulting and transformation services, especially for midmarket and large accounts. The company’s CloudForte® platform is noted for its modular capabilities, enabling seamless client workload transitions to public cloud environments. This endorsement underscores Unisys's position in enabling clients to achieve business outcomes in highly-regulated sectors.
Unisys Corporation (UIS) reported a 1.4% increase in FY21 revenue to $2.054B, with operating profit soaring by 77.0% to $154.0M. The non-GAAP operating profit margin improved to 9.4%, while adjusted EBITDA rose 15.3% to $369.9M. Cash from operations surged to $132.5M, resulting in a free cash flow increase to $32.3M. For FY22, the company forecasts a 5-7% revenue growth. Despite these advancements, the quarterly results showed a 6.5% decline in Q4 revenue to $539.3M, impacted by licensing renewals.
Unisys Corporation (NYSE: UIS) is set to release its fourth-quarter and full-year 2021 financial results on February 21, 2021, after the market close. A conference call will follow on February 22, from 8:00-9:00 a.m. ET, to discuss the results with the financial community. Investors can access the live call via a Webcast on the Unisys Investor Website, where a replay will also be available shortly after the call.
Unisys Corporation (NYSE: UIS) has acquired CompuGain for $87.3 million in a cash-free, debt-free transaction aimed at enhancing its cloud services. CompuGain reported $58 million in revenue for the year ending September 30, 2021, a 12% increase year-over-year, with over 90% of its revenue from established client relationships. The acquisition is expected to be immediately accretive to adjusted EBITDA and free cash flow. Unisys anticipates greater revenue and profit growth through improved cloud capabilities and cross-selling opportunities.
Unisys Corporation (NYSE: UIS) announced a 10-year contract extension with New Zealand's Waka Kotahi NZ Transport Agency, enhancing IT infrastructure supporting 25 million driver's licenses and 60 million motor vehicle transactions annually. This contract, awarded in Q3 2021, will transition infrastructure to All of Government co-located facilities. Unisys aims to improve application services for the Registry Suite, including ongoing support and disaster recovery services. The partnership underscores Unisys' commitment to reliable government services and builds on nearly 30 years of collaboration.
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.
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