Unisys Stock Price, News & Analysis

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 $265 million. This deal will allow Unisys to transfer projected pension benefit obligations for about 8,650 retirees to F&G, facilitating a significant reduction in pension liabilities on its balance sheet.

The transaction will incur a one-time, non-cash, pre-tax settlement charge of $193 million, but will not affect the company's cash position. Since 2020, Unisys has removed over $1 billion in U.S. defined benefit obligations.

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.

Unisys Corporation (NYSE: UIS) has been recognized as a leader in the 2022 ISG Provider Lens™ Public Cloud – Solutions and Services report by Information Services Group (ISG). This annual report evaluates public cloud infrastructure services and digital transformation providers.

Unisys excelled in several quadrants, including Consulting and Transformation Services for midmarket and public sector in the U.S., as well as Managed Public Cloud Services in both the U.S. midmarket and public sector. The company aims to enhance businesses' efficiency and resilience through cloud solutions, as highlighted by senior vice president Manju Naglapur.

Cross Country Healthcare (NASDAQ: CCRN) has appointed Dwayne L. Allen to its Board of Directors, effective January 3, 2023. Allen, a seasoned IT and digital executive with over 25 years of experience, previously held senior roles at Unisys and Microsoft. His expertise in digital innovation and analytics is expected to enhance the company's strategic growth. CEO John A. Martins expressed excitement about Allen's insights furthering their digital strategy aimed at improving services for clients and professionals.