Unisys Identifies New Business Interest in H1 2024 for AI, Cloud Transformation and Cross-Mix of Solutions

Rhea-AI Summary

Unisys (NYSE: UIS) reports strong business interest in H1 2024, focusing on AI, cloud transformation, and integrated solutions. Key highlights include:

1. AI-enabled solutions: Helping clients evaluate ROI for generative AI and leveraging AI for data analysis.

2. Cross-mix solutions: Providing comprehensive IT support services, including digital workplace solutions and cloud applications.

3. Cloud transformation: Enabling secure multi-cloud environments and application transformation.

Unisys cites its innovation, collaboration, strategic approach, and global presence as key factors in winning new business across various industries and regions.

Positive

• Increased business interest in AI, cloud transformation, and integrated solutions
• Secured new contracts with major clients in quick-service restaurants, infrastructure, public sector, and financial services
• Expanded service offerings to existing clients, demonstrating strong customer retention
• Positioned as a strategic partner for digital transformation across multiple industries

Negative

• None.

Insights

Financial Analyst

Unisys's H1 2024 business interest update reveals a positive trend in demand for AI, cloud transformation and integrated solutions. This aligns with current market trends and could potentially boost Unisys's revenue streams. However, the lack of specific financial figures or contract values makes it challenging to quantify the impact on the company's bottom line.

The company's focus on high-growth areas like AI and cloud services positions it well in the competitive tech landscape. The cross-mix solution approach could lead to higher-value, longer-term contracts, potentially improving revenue stability. The diverse client base across industries and geographies also suggests a well-diversified business model, which could help mitigate risks.

Investors should monitor Unisys's ability to convert these interests into concrete deals and their impact on future financial results. While the outlook appears positive, the actual financial impact remains uncertain without more detailed data.

Tech Expert

Unisys's strategic focus on AI-enabled solutions and cloud transformation demonstrates alignment with cutting-edge tech trends. Their approach to generative AI, particularly in helping clients identify ROI, addresses a critical market need as many organizations struggle with AI implementation.

The company's work with the quick-service restaurant chain showcases practical AI application, utilizing machine learning for data analysis to drive operational improvements. This real-world implementation could serve as a valuable case study for attracting similar high-profile clients.

Unisys's emphasis on multi-cloud environments and secure data movement addresses a significant pain point in the industry. Their Digital Identity & Access Management (DIAM) solution for a U.S. state government highlights their capability in developing secure, scalable systems for sensitive applications.

Overall, Unisys appears well-positioned to capitalize on the growing demand for advanced tech solutions, particularly in AI and cloud services.

BLUE BELL, Pa., Sept. 16, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) takes stock of new business interest from the first half of the year (H1) and sees client demand for artificial intelligence (AI), cloud transformation and a cross-mix of solutions and services. 

"The company continues advancing its industry-leading solutions that combine AI, data, engineering and industry expertise to drive tangible business value for new and existing clients," said Peter Altabef, chair and CEO of Unisys. "Our new business shows interest in current and emerging technologies across multiple industries and solutions and services."  

Representative examples from Unisys' H1 include the following:

• AI-enabled solutions and data and cloud managed services. Many organizations struggling to identify the return on investment (ROI) for generative AI (gen AI) solutions seek advice on evaluating and understanding the costs to implement the technology, the areas that could produce the most cost savings and the way to use the technology to expand market share.
• For one of the world's premier quick-service restaurants, Unisys is leveraging AI and machine learning to analyze restaurant ticket data — point of sale systems and kiosks, video displays and pin pads — in eight countries to identify trends, common issues and outages. These insights highlight the changes needed to mitigate common problems and automate solutions proactively.
• Cross-mix of solutions and services. Rather than looking for á la carte solutions, organizations need partners who can create operational efficiencies across departments and stakeholders.
• For a prominent U.K. infrastructure and construction company, Unisys is providing comprehensive IT support services, including service desk support, device and user experience management, automation, cloud and hosting services, security services and more. Unisys will also help the client identify potential business cases for AI implementation to optimize operations in the future.
• Capitalizing on its regional presence and extensive experience, Unisys is delivering robust technical support via digital workplace solutions (DWS) and cloud, application and infrastructure (CA&I) solutions to an Australian public sector department. By reinvigorating the department's IT approach and integrating new technologies, Unisys will propel the department's growing reach and citizen impact.
• Through a combination of DWS and CA&I solutions, Unisys is supporting one of the world's largest private trading groups with a full suite of IT services, starting with service desk assistance to 55,000 end users. Unisys also oversees all the client's data centers and cloud infrastructure, including security and network management.
• Cloud transformation within multiple environments. While many organizations have adopted hybrid cloud strategies, optimizing data and application movement between clouds remains challenging. Unisys enables clients to securely and fully leverage the benefits of multi-cloud environments.
• A global Latin American financial services company has entrusted Unisys to lead the transformation of one of its business loan-servicing applications, increasing its scalability and speed to service customers and meet new regulatory requirements.
• A U. S. state is using a Digital Identity & Access Management solution (DIAM) that enables secure access to multiple citizen-facing state services, such as residency and social benefit programs. Servicing the client for half a century, Unisys has expanded its services to provide the state staff with the ability to securely access all state and internal records from multiple departments (with proper permissions), regardless of where employees are working from, enabling the client to streamline citizen services for its large populous while protecting their organization.

Clients have cited Unisys' long-standing commitment to innovation, emphasis on collaboration and relationship management, strategic consultative approach and global presence as deciding factors in selecting Unisys to help them with their digital transformation journeys.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys' ability to control. Words such as "anticipates," "estimates," "expects," "projects," "may," "will," "intends," "plans," "believes," "should" and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management's current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management's expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Forward-looking statements in this release include, but are not limited to, statements made in Mr. Altabef's quotations, the expected development of Unisys' business, execution of Unisys' growth strategy, renewal of Unisys's current customer and other material agreements and completion of projects currently underway. 

Additional information and factors that could cause actual results to differ materially from Unisys' expectations are contained in Unisys' filings with the U.S. Securities and Exchange Commission (SEC), including Unisys' Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC's web site, http://www.sec.gov. Information included in this release is representative as of the date of this release. Unisys disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud, AI, digital workplace, logistics and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit unisys.com and follow us on LinkedIn.

RELEASE NO.: 0916/9961
Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.  

UIS-C  

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SOURCE Unisys Corporation

FAQ

What are the key areas of business interest for Unisys (UIS) in H1 2024?

Unisys (UIS) reports strong business interest in AI-enabled solutions, cloud transformation, and a cross-mix of solutions and services in H1 2024.

How is Unisys (UIS) leveraging AI for its clients in 2024?

Unisys (UIS) is using AI and machine learning to analyze data for a major quick-service restaurant chain, identifying trends and common issues across eight countries.

What services is Unisys (UIS) providing to the UK infrastructure and construction company in 2024?

Unisys (UIS) is providing comprehensive IT support services, including service desk support, device management, automation, cloud services, and security services to a prominent UK infrastructure and construction company.

How is Unisys (UIS) supporting cloud transformation for its clients in 2024?

Unisys (UIS) is enabling clients to securely leverage multi-cloud environments, including transforming a business loan-servicing application for a Latin American financial services company.