Unisys

Unisys Corp. is an information technology solutions company that delivers successful outcomes for the most demanding businesses and governments. The firm offers digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions. It operates through the following business segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I), and Enterprise Computing Solutions (ECS). The Digital Workplace Solutions segment provides solutions that transform digital workplaces securely and create exceptional end-user experiences. The Cloud & Infrastructure segment provides solutions that drive modern IT service platforms, cloud applications development, intelligent services, and cybersecurity services. The Enterprise Computing Solutions segment provides solutions that harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments. The company was founded in 1986 and is headquartered in Blue Bell, PA.

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Unisys reports solid Q4 earnings, anticipates revenue decline in 2023

Unisys delivered solid financial performance in Q4 2022, with revenue growth and exceeding guidance ranges. While challenges lie ahead with expected revenue declines in 2023, the company is focusing on higher-margin solutions and cost management. Opportunities in expanding cargo services and investing in Next-Gen solutions position Unisys for future growth.

Unisys reports robust Q1 performance, eyes mid-market growth opportunities

Unisys' Q1 2023 showcased strong revenue growth, margin expansion, and pipeline growth. Challenges include market share decline in financial services and caution in certain segments. Opportunities exist in mid-market focus and next-gen solutions.

Unisys surpasses Q2 revenue expectations, focuses on innovation and efficiency

Unisys delivered strong performance in Q2 2023, with a focus on innovation, workforce efficiency, and strategic client relationships. While facing challenges in contract signings and margin decline, the company remains optimistic about revenue guidance and free cash flow improvement. Opportunities lie in expanding the Ex-L&S portfolio and capitalizing on renewals and new client acquisitions.

Unisys reports solid Q3 earnings, eyes growth in technology advancements

Unisys delivered strong financial performance in Q3 2023, with raised guidance and positive revenue trends.
While facing challenges such as low renewals and revenue reversals, the company is leveraging opportunities in technology and client relationships.
Improved cash flow and strategic initiatives position Unisys for future growth and stability in revenue streams.
Overall, Unisys is navigating market dynamics effectively and focusing on sustainable growth strategies.

Unisys reports solid 2023 performance, eyes profitability and cost management

Unisys had a successful year in 2023 with revenue growth and operational improvements, despite reporting a GAAP net loss due to pension actions
The company's focus on client relationships, innovation, and cost management positions it well for future growth and profitability in 2024
Challenges include revenue growth expectations for 2024, sector-specific spending trends, and ongoing pension liability management efforts
Opportunities lie in reducing pension obligations, driving revenue growth through AI demand, and expanding market presence for increased profitability

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Unisys Corp. is an information technology solutions company, which engages in the provision of digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions, and business process solutions. It operates through the following business segments: Digital Workplace Solutions, Cloud, Applications, and Infrastructure Solutions, and Enterprise Computing Solutions. The Digital Workplace Solutions segment provides modern and traditional workplace solutions. The Cloud, Applications, and Infrastructure Solutions segment provides digital platform, applications, and infrastructure solutions. The Enterprise Computing Solutions segment provides solutions that harness continuous high-intensity computing and enable digital services through software-defined operating environments. The company was founded in 1986 and is headquartered in Blue Bell, PA.

Certification highlights the company's ongoing optimization of IT support and recognizes Unisys as the only globally certified managed service provider BLUE BELL, Pa. , April 17, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) has achieved recertification through HDI's IT Support Center Certification program, demonstrating the company's commitment to exceeding IT support expectations and achieving biannual recertification.

Unisys Digital Workplace Solutions Receives HDI's IT Support Center Recertification, Recognizing Continued Excellence in IT Support

Unisys (UIS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Unisys (UIS) a New Strong Buy Stock

BLUE BELL, Pa. , April 8, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) announced Brett Barton as the company's vice president and global AI practice leader.

Unisys Advancing AI Strategy, Names Brett Barton as Global AI Practice Leader

Accomplished executive brings significant senior human resources experience and expertise to Unisys BLUE BELL, Pa. , April 3, 2024 /PRNewswire/ --  Unisys  (NYSE: UIS) announced the appointment of Ruchi Kulhari as the company's senior vice president and chief human resources officer, effective immediately.

Unisys Names Ruchi Kulhari as Senior Vice President and Chief Human Resources Officer

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CIXXF, UIS, BTDR, CSTM and XHR have been added to the Zacks Rank #1 (Strong Buy) List on April 1, 2023.

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This agreement reflects the company's continued focus on reducing pension liabilities, volatility and costs while securing retiree pension benefits with highly rated insurance companies BLUE BELL, Pa. , April 1, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it closed agreements with F&G Annuities & Life, Inc. ("F&G") on March 28 th to purchase group annuity contracts totaling almost $200 million using plan assets.

Unisys Transfers Approximately $200 Million of its U.S. Defined Benefit Pension Obligations to F&G Through the Purchase of Group Annuity Contracts

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Client-centered solutions and hyperautomation capabilities earn Unisys recognition across five quadrants, with increased rankings spanning the UK and Brazil BLUE BELL, Pa. , Feb. 27, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a leader in the 2023 ISG Provider Lens™ Multi Public Cloud Services Report.

Unisys Awarded Seven Leader Designations in 2023 ISG Provider Lens™ Multi Public Cloud Services Report

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UIS, CIXXF, HLAN, SPXC and AMK have been added to the Zacks Rank #1 (Strong Buy) List on February 27, 2023.

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Unisys (UIS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Unisys (UIS) Moves to Buy: Rationale Behind the Upgrade

Unisys Corporation (UIS) Q4 2023 Earnings Call Transcript

Unisys (UIS) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $1.22 per share a year ago.

Unisys (UIS) Q4 Earnings and Revenues Top Estimates

Company Exceeds 2023 Upwardly Revised Revenue and Profitability Guidance, Delivers Strong Growth in Contract Signings in 4Q Full-year revenue growth of 1.8% year over year (YoY), or 1.6% in constant currency(1); Excluding License and Support (Ex-L&S)(15) revenue growth of 4.9% YoY both as reported and in constant currency 4Q revenue up 0.1% YoY, a decline of 2.1% in constant currency; 4Q Ex-L&S revenue growth of 6.8% YoY, or 4.3% in constant currency Full-year operating profit margin of 3.8%; non-GAAP operating profit(8) margin of 7.0% Full-year operating cash flow of $74.2 million compared to $12.7 million for 2022, and free cash flow(11) of ($4.5) million compared to ($73.2) million for 2022 Ex-L&S Total Contract Value (TCV)(4) increased 27% YoY for the full-year and 137% YoY in the fourth quarter, including New Business(6) TCV growth of 18% YoY for the full-year and 84% YoY in the fourth quarter Company issues full-year 2024 guidance of (1.5)% to 1.5% YoY constant currency revenue growth and 5.5% to 7.5% non-GAAP operating profit margin Constant currency revenue guidance implies (1.0)% to 2.0% revenue growth as reported, based on recent exchange rates, and assumes Ex-L&S full-year revenue growth of 1.5% to 5.0% and License and Support (L&S)(14) revenue of approximately $375 million BLUE BELL, Pa. , Feb. 21, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) reported financial results for the fourth quarter and full year 2023.

Unisys Announces 4Q and Full-Year 2023 Results

BLUE BELL, Pa. , Feb. 6, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) announces the date for its fourth-quarter and full-year 2023 financial results and conference call and its participation in an upcoming investor conference.

Unisys Announces Fourth-Quarter and Full-Year 2023 Results Date and Participation in Upcoming Investor Conference

Global analyst firm acknowledges Unisys for its field services capabilities and AI/analytics investments to automate service desk requests BLUE BELL, Pa. , Feb. 5, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) has been positioned as a leader in the Advanced Digital Workplace Services report from global analyst firm NelsonHall.

Unisys Named a Leader for a Fifth Year Consecutively in NelsonHall Advanced Digital Workplace Services Assessment

Unisys Corporation reported better than expected EPS, net sales, and provided positive guidance. The company operates in growing markets, including the global digital workplace market. Unisys is investing in AI and machine learning and has a significant amount of recurring revenue.

Unisys Corporation: Recurrent Revenue, Machine Learning Capabilities, And Cheap

BLUE BELL, Pa. , Jan. 11, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) announces that Deb McCann, Chief Financial Officer of Unisys, will host one-on-one and small group meetings in the following upcoming investor conferences: The Needham Virtual Growth Conference on Jan 19, 2024.

Unisys Announces Participation in Upcoming Investor Conferences

Unisys (UIS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Unisys (UIS) Surges 14.1%: Is This an Indication of Further Gains?

BLUE BELL, Pa. , Dec. 22, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) was honored with two significant accolades — Managed Services Provider (MSP) of the Year and Service Transformation of the Year — from the Service Desk Institute (SDI), a global community of service desk and support professionals.

Unisys Earns Dual Honors as Managed Services Provider of the Year and Service Transformation Leader from Service Desk Institute (SDI)

Unisys stands out among eight other global brand finalists, including tech giants BLUE BELL, Pa. , Dec. 21, 2023 /PRNewswire/ -- Unisys  (NYSE: UIS) took home the top prize at The Drum Awards Festival in the B2B: Rebrand or Relaunch category, where the company was recognized for its multidimensional creative strategy that redefined the 150-year-old brand for the first time in more than 35 years.

Unisys Wins Coveted "The Drum Award" in the B2B Rebrand or Relaunch Category

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News for Unisys Stock (UIS)