Unisys Stock Price, News & Analysis

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.

Unisys Corporation (NYSE: UIS) announced that its Vice President of Internal Audit and Chief Audit Executive, Lucia Wind, has been named board chair of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Wind will start her three-year term on January 1, leading efforts in internal control, enterprise risk management, governance, and fraud deterrence. Having joined Unisys in 2019, she brings extensive experience from various sectors, including her previous role at Ellucian, where she advanced the company's strategic transition to a SaaS model.

Unisys Corporation (NYSE: UIS) has announced the election of John Kritzmacher to its Board of Directors, effective December 13, 2022. Kritzmacher brings extensive experience in finance and operations from his roles at companies like John Wiley & Sons and WebMD Health Corp. He aims to provide insights into Unisys's global operations, as over half of its revenues are generated from non-U.S. markets. The announcement comes alongside Unisys's new brand identity, signaling a strategic shift within the company.

Unisys Corporation (NYSE: UIS) announced its participation in key investor conferences. On December 8, 2022, CFO Deb McCann will present at the Sidoti December Virtual Small Cap Conference at 9:15 a.m. ET, with opportunities for one-on-one and small group meetings. Following this, on January 10, 2023, she will engage in similar meetings at the Needham Growth Conference in New York, NY. The Sidoti presentation will be available via live webcast on the Unisys Investor Relations website.

Unisys Corporation (NYSE: UIS) and Faction have partnered to launch a comprehensive solution for data protection, cyber recovery, and business continuity across on-premises and multi-cloud environments. This service offers cryptographically isolated data storage, leveraging Dell PowerProtect Cyber Recovery for enhanced data efficacy, as well as ongoing management of recovery processes. The collaboration aims to boost organizations' cyber resilience, providing specialized services that facilitate innovative data management strategies. This initiative represents a significant step in enhancing clients' security and operational efficiency.