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) is under investigation by Holzer & Holzer, LLC for potential violations of federal securities laws. Following its announcement on November 7, 2022, that it could not file its 10-Q quarterly report for the quarter ended September 30, 2022, the company reported a significant loss of $40.1 million in Q3. Furthermore, Unisys is looking into potential weaknesses in its internal controls over financial reporting. The news led to a drop in the company's stock price.
Unisys Corporation (NYSE: UIS) reported a 5.5% decline in revenue for Q3 2022, totaling $461.2 million, though constant currency revenue grew by 0.3%. The company achieved a 20% increase in Annual Contract Value (ACV) and a 31% growth in Total Contract Value (TCV). Unisys revised its full-year guidance, projecting a revenue decline of -5.5% to -3.5%, with an expected non-GAAP operating profit margin between 6.0% to 8.0%. Additionally, a Form 12b-25 was filed due to delays in submitting the Form 10-Q, as the Audit Committee investigates internal controls.
Unisys Corporation (NYSE: UIS) will announce its third-quarter 2022 financial results on November 7, 2022, after trading closes. A conference call with investors is scheduled for November 8 at 8:00 a.m. Eastern Time. Interested parties can access a live Webcast on the Unisys Investor Website or via phone. A replay of the call will be available shortly after its conclusion until November 22, 2022. Unisys provides various technology solutions, including digital workplace and cloud services, catering to commercial, financial, and government sectors.
Unisys Corporation (NYSE: UIS) has advanced to an Elite Partner in the ServiceNow Partner Program, strengthening its long-standing relationship with ServiceNow. This advancement enables Unisys to provide comprehensive integrated enterprise service management solutions, enhancing business workflows and client experiences for thousands of knowledge workers globally. The transition recognizes Unisys' achievements within the partner assessment methodology, showcasing its commitment to delivering premium IT services and furthering operational efficiency.
Unisys Corporation has been recognized by NelsonHall as a leader in the End-to-End Cloud Infrastructure Management Services 2022 report. The company excelled in five focus areas including Microsoft Azure and AWS Capabilities. The recognition resulted from significant investments in cloud solutions, emphasizing a cloud-agnostic approach and collaboration with partners. Unisys aims to guide clients through their cloud journey, enhancing performance, agility, and security in multi-cloud environments.
Unisys Corporation (NYSE: UIS) announced the opening of registrations for the 14th annual Unisys Innovation Program (UIP) in India, scheduled for April 2023. This flagship technical project competition encourages engineering students to apply their knowledge in real-world scenarios, focusing on cloud computing, AI/ML, and more. The program aims to foster collaboration among students, faculty, and Unisys mentors, enhancing career readiness and innovation. Since its inception in 2009, over 62,000 students have participated, highlighting its widespread importance in the tech community.
Unisys Corporation (NYSE: UIS) has partnered with 1E to enhance digital employee experiences in hybrid workplaces. This partnership focuses on providing innovative solutions to improve productivity while ensuring exceptional employee experiences. According to a recent report, 80% of employees consider digital employee experience essential for digital transformation. Both companies aim to significantly increase their modern service desk and digital workplace goals over the next year, doubling their combined software and services offerings. This collaboration seeks to address common productivity disruptions in the evolving workspace.
Unisys Corporation (UIS) reported second-quarter 2022 results, exceeding consensus estimates on key metrics. Total revenue was roughly flat YoY at $515 million, but increased 2.8% in constant currency. Operating profit margin was 6.5%, with non-GAAP operating profit margin at 9.0%. ACV signings rose 25% YoY, while TCV increased 12%. The company revised its FY22 revenue guidance to a range of (-1.0)% to 1.0% YoY. Despite challenges, including increased labor costs affecting gross margins, the total company pipeline grew 30% YoY, indicating strong demand for their digital services.
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