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 (NYSE: UIS) has announced its participation in the Deutsche Bank Leveraged Finance Conference on September 24-25, 2024. Key points include:
- CFO Debra McCann will represent Unisys
- McCann will present on September 25 at 10 a.m. ET
- One-on-one and small group meetings available on both days
- Investors can arrange meetings through conference representatives
- Live webcast and replay will be available on the Unisys Investor Website
This event provides an opportunity for investors to engage with Unisys executives and gain insights into the company's financial strategies and performance.
Unisys (NYSE: UIS) is set to participate virtually in the Sidoti Small-Cap Conference on September 19, 2024. CFO Debra McCann will represent the company, hosting virtual one-on-one and small group meetings with investors. Those interested in arranging meetings should contact the conference representatives.
A live webcast of the presentation will be available, with a replay accessible afterwards on the Unisys Investor Website at www.unisys.com/investor. This event provides an opportunity for investors to engage directly with Unisys leadership and gain insights into the company's operations and future plans.
Unisys (NYSE: UIS) has been named a leader in ISG's Provider Lens™ Private/Hybrid Cloud – Data Center Services quadrant reports for the fourth consecutive year. The company excels in AI-integrated solutions, cloud services, and modernization expertise in U.S. and U.K. markets. Unisys achieved leadership status in four sector quadrants:
- U.S. Managed Services for Midmarket
- U.S. Public Sector Managed Hosting
- U.S. Public Sector Managed Services
- U.K. Managed Services for Midmarket
ISG highlighted Unisys' strengths in FinOps, AIOps-based services, AI-powered public cloud solutions, and hybrid cloud expertise. The company was also recognized as a product challenger in several other quadrants across the U.S., U.K., Brazil, and France.
Unisys (NYSE: UIS) announces that MAB Kargo, the air cargo division of Malaysia Aviation Group, has selected Unisys Logistics Optimization™ to enhance operational efficiency and capacity utilization. The solution aims to address challenges in the air cargo industry, such as underutilized space, missed revenue opportunities, and shipment damage. MAB Kargo CEO Mark Jason Thomas emphasizes that this investment will cement their position as an industry leader.
The Unisys solution is expected to help MAB Kargo:
- Empower sales teams to proactively fill planes
- Reduce ground handler labor costs
- Limit claims and damages
- Improve fuel efficiency
- Minimize carbon footprint
Unisys (NYSE: UIS) has been named a Leader in the NelsonHall 2024 NEAT Evaluation for Cloud Infrastructure Management Services. This marks the fourth consecutive time Unisys has achieved this recognition. The company received leader designations across all six categories: Overall, AWS, Microsoft Azure, Cloud Management, Cloud Orchestration, and Google Cloud Platform.
Key strengths highlighted in the report include Unisys's extensive IP and accelerators, dedicated hybrid cloud business office, client-objective-based transformation approach, and investment in industry solutions platforms. NelsonHall praised Unisys's cloud-agnostic approach and ongoing investments in SRE-led operations, FinOps, AIOps, sustainability, and GenAI to enhance its cloud capabilities.
Unisys (NYSE: UIS) reported Q2 2024 financial results, showing continued momentum in new business signings and reiterating full-year guidance. Key highlights include:
- Revenue growth of 0.3% year-over-year (YoY), 0.5% in constant currency
- Gross profit margin of 27.2%, up 290 bps YoY
- Operating profit margin of 4.9%; non-GAAP operating profit margin of 6.1%
- New Business Total Contract Value (TCV) increased 64% YoY and 17% quarter-over-quarter
- Ex-License and Support (Ex-L&S) revenue was flat YoY, 0.1% increase in constant currency
- Ex-L&S gross profit margin of 18.7%, up 270 bps YoY
The company reiterated its full-year 2024 guidance, projecting revenue growth of -1.5% to 1.5% in constant currency and non-GAAP operating profit margin of 5.5% to 7.5%.
Unisys (NYSE: UIS) has announced its participation in the Deutsche Bank Technology Conference on August 28, 2024. The event will take place at the Waldorf Astoria Monarch Beach in Dana Point, California. Unisys management will be available throughout the day for one-on-one and small group meetings with investors.
This conference provides an opportunity for investors to engage directly with Unisys representatives and gain insights into the company's strategies and performance. Interested investors are advised to contact their Deutsche Bank representative to schedule meetings with Unisys management during the event.
Unisys (NYSE: UIS) has announced the release date for its second-quarter 2024 financial results. The company will disclose the results on Monday, August 5, 2024, after the New York Stock Exchange closes. Following this, Unisys will host a conference call with the financial community on Tuesday, August 6, 2024, at 8 a.m. EDT to discuss the results.
Investors can access a live, listen-only webcast of the conference call on the Unisys Investor Website. Additionally, domestic callers can dial 1-844-695-5518, while international callers can use 1-412-902-6749, with the conference passcode: Unisys Call. A webcast replay and audio replay will be available shortly after the call, accessible until August 20, 2024.
Unisys (NYSE: UIS) has been honored with two awards by Dell Technologies as part of the 2024 Global Alliances Partner of the Year recognition.
The awards, announced on June 24, 2024, include the 2024 Global Alliances Trailblazer Partner of the Year, Global and the 2024 Global Alliances Expansion Partner of the Year, Americas. These accolades highlight Unisys' commitment to technological innovation and its significant growth in the Americas region.
Mike Thomson, president and COO of Unisys, emphasized the company's dedication to pushing technological boundaries and enhancing client relationships through its collaboration with Dell Technologies.
Unisys (NYSE: UIS) has been named to Newsweek's Top 100 Global Most Loved Workplaces list for 2024. This recognition highlights Unisys' focus on core aspirational behaviors such as exploration, experimentation, agility, and ownership, which foster a thriving workplace culture. The company prioritizes employee sentiment across five areas: future outlook, career achievement, value alignment, respect at all levels, and collaboration. This distinction underscores Unisys' commitment to inclusion, employee wellness, diversity, career development, and strong leadership. Unisys' placement on the list follows a survey of over 2 million employees from companies of varying sizes.
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