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 integrated PerVoice's voice recognition technology into its InteliServe platform, enhancing user interaction with service desks. This technology provides omni-channel support in multiple languages, allowing for improved natural speech recognition. With the pandemic increasing IT service desk contacts, this advancement aims to improve user experience and productivity by automating common requests. Additionally, Unisys continues to be recognized as a leader in managed workplace services, as noted by Gartner's February 2021 Magic Quadrant.
Unisys Corporation (NYSE: UIS) has been appointed to provide Hyperscale Cloud Management Services to South Australian government agencies via the Managed Platform Services Panel. This initiative aligns with the South Australian government's strategy to enhance public services using technology. Unisys will offer services on major cloud platforms, including Microsoft Azure, AWS, and Google Cloud, through its CloudForte suite. This opportunity builds on Unisys' extensive experience in cloud solutions, aiming to streamline digital transformation across government agencies.
Unisys Corporation (NYSE: UIS) has appointed Maureen Sweeny as the senior vice president and chief revenue officer, a newly established role. Sweeny will focus on enhancing sales strategies for the Digital Workplace Services and Cloud & Infrastructure units, aiming to strengthen client relationships and boost market presence. Previously, she contributed to significant revenue growth at Delaware North and Aristocrat Technologies, achieving 30% and 48% increases, respectively. Sweeny emphasizes a client-centric approach to drive growth for Unisys.
Unisys Corporation announced the winners of its 12th annual Cloud 20/20 contest, one of India's prominent student innovation programs. The contest received over 685 submissions from more than 400 colleges across India. The top project, 'Edge-driven Biometrics and Facial Recognition,' was led by students from M.S. Ramaiah Institute of Technology. Winning teams were awarded cash prizes totaling INR 4.25 lakhs. The contest aims to foster innovation and collaboration between industry and academia, preparing students for real-world challenges.
Unisys Corporation (NYSE: UIS) announced the appointment of Gene Chao as senior vice president and general manager of ClearPath Forward, effective April 12, 2021. Chao, previously with IBM, will align resources for ClearPath Forward to promote profitable growth and competitive outcomes. His experience in artificial intelligence and business transformation is expected to enhance the services focus of the ClearPath Forward business. The appointment aims to leverage next-generation technologies for improved client success and operational efficiency.
Unisys Corporation (NYSE: UIS) appointed Dwayne L. Allen as Chief Technology Officer (CTO) and Senior Vice President for Solution Innovation and Architecture, effective April 12, 2021. Allen's expertise in cloud technology and digital transformation aims to enhance solutions for Unisys clients. Previously a global digital strategist at Microsoft, he has extensive experience across multiple industries. His leadership is expected to accelerate innovative solution delivery, driving better business outcomes for Unisys' customers.
Unisys Corporation (NYSE: UIS) will release its first-quarter 2021 financial results on May 6, 2021, after the trading session ends on the New York Stock Exchange. A conference call is scheduled for 5:00 – 6:00 p.m. Eastern Time to discuss the results with the financial community. Investors can access a live Webcast of the call on the Unisys Investor Website, with a replay available shortly after. This earnings report will provide crucial insights for investors regarding the company’s financial performance and future outlook.
Unisys Corporation (NYSE: UIS) announced the launch of U-Pass™, a COVID-19 testing and health management solution, in partnership with Inspire Health Alliance. U-Pass is designed to control access to various environments and features comprehensive testing options, including rapid antibody, antigen, and PCR tests. It includes secure point-of-entry kiosks for identity verification and integrates with building management systems. The solution aims to facilitate the safe reopening of facilities, schools, and transportation hubs while ensuring compliance with health regulations.
Unisys Corporation (NYSE: UIS) has been recognized as a leader in cyber resiliency services by NelsonHall in their NEAT vendor evaluation report. This recognition highlights Unisys' capability to deliver immediate client benefits and strategize for future needs. The report assessed 11 major providers, focusing on client partnerships and innovation-driven solutions. Notably, Unisys Stealth micro-segmentation was praised for its unique approach to protecting important data by obscuring network topology. Mike Morrison emphasized that effective cyber resiliency is crucial for modern digital businesses.
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