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 been honored with two HDI Global Service and Support Awards: 'Best Customer Experience' and 'Best Service and Support Manager.' The awards acknowledge the company's Digital Workplace Solutions (DWS) team for optimizing client customer experiences and Service Desk Manager Gilberto Sanchez for his exceptional service. In 2023, Unisys also won 'Best Culture' and 'Best Support Organization' awards. According to Joel Raper, SVP of Digital Workplace Solutions, service excellence is pivotal to Unisys's client solutions. The HDI awards highlight top standards in technical support and service management across various categories. Patrycja Sobera, VP of Digital Workplace Solutions Delivery, praised Sanchez's leadership and commitment to customer service. Unisys's DWS offers tools and services for secure, flexible work environments, including the Unisys Next-Generation Service Desk.
Unisys (NYSE: UIS) has announced the winners of its 15th Annual Unisys Innovation Program (UIP), a competition aimed at fostering collaboration between young engineers and industry leaders. The program saw a record-breaking 11,000 registrants and over 800 project submissions across ten themes. The top three winners include two teams from Ramaiah Institute of Technology and one from Sri Manakula Vinayagar Engineering College. They presented innovative projects in AI, IoT, and environmental sustainability. The program serves as a platform to nurture India's top talent pool and connect them with industry leaders.
Unisys (NYSE: UIS) reported financial results for the first quarter of 2024, with revenue declining 5.5% YoY, 7.1% decline in constant currency, while Ex-L&S revenue grew 4.0% YoY. Gross profit margin was 27.9%, down 290 bps. Operating profit margin was 3.6%, with operating cash flow of $23.8 million and free cash flow of $3.9 million. New Logo Total Contract Value more than doubled YoY. Unisys reiterated full-year guidance, anticipating strong second-half performance.
Unisys (UIS) CEO, Peter Altabef, will be attending the J.P. Morgan Technology, Media and Communications Conference on May 22, 2024. Investors can schedule one-on-one and small group meetings with Peter by contacting their J.P. Morgan representative.
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