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 its acquisition of Unify Square for $152.5 million, a move funded through existing cash. This acquisition, expected to close shortly, aims to enhance Unisys’ digital workplace services by integrating Unify Square's Unified Communications as a Service (UCaaS) solutions. The deal is projected to improve revenue growth and profitability while providing comprehensive governance and management solutions for secure, seamless collaboration. Unisys anticipates an accretive effect on adjusted EBITDA margin and free cash flow by 2023.
Unisys (NYSE: UIS) announced a six-year partnership with an international airline consortium to enhance Baggage Reconciliation Systems at seven major Australian airports. This contract, signed in Q1 2021, includes advanced AI-driven data security measures to protect passenger data. The system facilitates compliance with IATA's baggage tracking requirements and supports the secure handling of approximately 14 million bags annually. Unisys aims to provide a scalable solution that adapts to fluctuating travel demand, ensuring both safety and efficiency for travelers amidst the ongoing impact of COVID-19.
Unisys Corporation (NYSE: UIS) announced the appointment of Teresa Poggenpohl as Chief Marketing Officer and Senior Vice President, effective May 17, 2021. Formerly with Accenture, Poggenpohl brings extensive IT services experience, overseeing significant revenue growth in North America. She aims to enhance Unisys's marketing strategy and brand positioning. Poggenpohl's accolades include multiple recognitions as a leading marketer, contributing to her reputation as a brand leader. Unisys focuses on delivering IT solutions integrated with security for diverse markets.
Unisys Corporation (NYSE: UIS) has been recognized as a leader in the NelsonHall NEAT report for Cognitive and Self-Healing IT Infrastructure Management Services. The April 2021 report highlights Unisys's commitment to leveraging artificial intelligence and automation for enhancing IT infrastructure. The company's consulting-led approach and investment in innovation, such as expanding cloud experience centers, were specifically noted. The report emphasizes Unisys's focus on improving business outcomes through AI-driven solutions, including their InteliServe™️ platform for enhanced workplace experiences.
On May 7, 2021, Unisys Corporation (NYSE: UIS) announced multiple contracts totaling over $20 million in the first quarter of 2021 for its ClearPath Forward enterprise-computing environment. Key contracts include providing support for credit card processing and back-office services to a Southeast European financial company, extending services to a European air navigation provider, and securing a renewal with United Community Banks for new servers and data protection. These contracts highlight the growing demand for Unisys' secure computing solutions.
Unisys Corporation (UIS) reported its first-quarter 2021 results, with a 470 bps increase in operating profit margin to 8.6%. Non-GAAP operating profit improved 440 bps to 10.1%. Revenue fell 1.1% year-over-year (YoY) to $509.8M, driven by declines in Field Services. However, Cloud & Infrastructure revenue surged 18.6% YoY. Cash from operations improved by $335M. The company recorded a $157.8M net loss, mainly due to a $158M pension settlement charge. Adjusted EBITDA rose by 29.9% YoY to $93.9M.
Unisys Corporation (NYSE: UIS) has achieved the Windows Server and SQL Server Migration to Microsoft Azure advanced specialization, showcasing its proficiency in migrating workloads to Azure. This certification is awarded only to partners who meet strict criteria and undergo third-party audits. The company is positioned to assist organizations in modernizing applications following the end-of-support for older Windows and SQL Server versions. Additionally, Unisys' Cloud Management Platform has been recognized by ISG and NelsonHall as a leader in cloud services.
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