Welcome to our dedicated page for Unisys news (Ticker: UIS), a resource for investors and traders seeking the latest updates and insights on Unisys 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) will release its first-quarter 2023 financial results on May 2, 2023, after market close. A conference call is scheduled for May 3, 2023, at 8 a.m. Eastern Time to discuss the results. The call will be available via a live webcast on the Unisys Investor Website.
Additionally, Unisys executives will participate in several investor conferences. Notably, Peter Altabef, Chair and CEO, will present at the Needham Technology & Media Conference on May 18, 2023, while Deb McCann, CFO, will attend the J.P. Morgan Global Technology, Media and Communications Conference on May 22-23, 2023.
Unisys Corporation (NYSE: UIS) has finalized an agreement with F&G Annuities & Life, Inc. (NYSE: FG) to purchase group annuity contracts valued at approximately
The transaction will incur a one-time, non-cash, pre-tax settlement charge of
Unisys Corporation (NYSE: UIS) announced its participation in the Sidoti Small Cap Virtual Investor Conference, scheduled for March 22, 2023. CEO Peter Altabef will host a fireside chat at 9:15 a.m. Eastern Time during the event. Investors can access the presentation via the Unisys Investor Relations website, with a replay available afterward. Additionally, Altabef and CFO Deb McCann will hold virtual one-on-one meetings on March 22 and March 23 for interested investors.
Unisys specializes in technology solutions, focusing on digital workplace, cloud, applications, enterprise computing, and business processes.
Unisys Corporation (NYSE: UIS) published new research titled "From Surviving to Thriving in Hybrid Work", in collaboration with HFS Research, highlighting critical insights on workplace technology and culture.
Key findings reveal that 62% of employees find technology access pivotal for productivity, yet 49% report losing 1-5 hours weekly due to IT problems. Furthermore, effective Employee Experience (EX) programs correlate with a significant increase in engagement, with 74% of employees in mature EX programs feeling more engaged.
As hybrid work becomes the norm, 70% of employers expect it to remain their primary workforce model, emphasizing the need for organizations to adapt to enhance employee satisfaction and productivity.
Unisys reported solid fourth-quarter 2022 results, with revenue increasing 3.3% YoY to $557M and 7.0% in constant currency. Full-year revenue declined 3.6% YoY to $1.980B. The fourth-quarter GAAP operating profit margin was 9.0%, with a non-GAAP margin of 20.2%. The company experienced a notable 15% YoY growth in its total pipeline. For 2023, Unisys anticipates a revenue decline of 3.0% to 7.0% in constant currency and a non-GAAP operating margin of 2.0% to 4.0%. Despite challenges, the higher growth Next-Gen Solutions division saw a significant increase in contract values, signaling potential future growth.
Unisys Corporation (NYSE: UIS) is set to release its fourth-quarter and full-year 2022 financial results on February 22, 2023, post-market close. Following this, a conference call with investors will be held on February 23, 2023, at 8:00 a.m. Eastern Time to discuss these results. Investors can listen to the conference via a live Webcast on the Unisys Investor Website. A replay will be available shortly after the call and accessible until March 9, 2023.
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