Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) announced the opening of registrations for the 14th annual Unisys Innovation Program (UIP) in India, scheduled for April 2023. This flagship technical project competition encourages engineering students to apply their knowledge in real-world scenarios, focusing on cloud computing, AI/ML, and more. The program aims to foster collaboration among students, faculty, and Unisys mentors, enhancing career readiness and innovation. Since its inception in 2009, over 62,000 students have participated, highlighting its widespread importance in the tech community.

Unisys Corporation (NYSE: UIS) has partnered with 1E to enhance digital employee experiences in hybrid workplaces. This partnership focuses on providing innovative solutions to improve productivity while ensuring exceptional employee experiences. According to a recent report, 80% of employees consider digital employee experience essential for digital transformation. Both companies aim to significantly increase their modern service desk and digital workplace goals over the next year, doubling their combined software and services offerings. This collaboration seeks to address common productivity disruptions in the evolving workspace.

Unisys Corporation (UIS) reported second-quarter 2022 results, exceeding consensus estimates on key metrics. Total revenue was roughly flat YoY at $515 million, but increased 2.8% in constant currency. Operating profit margin was 6.5%, with non-GAAP operating profit margin at 9.0%. ACV signings rose 25% YoY, while TCV increased 12%. The company revised its FY22 revenue guidance to a range of (-1.0)% to 1.0% YoY. Despite challenges, including increased labor costs affecting gross margins, the total company pipeline grew 30% YoY, indicating strong demand for their digital services.

Unisys Corporation (NYSE: UIS) has been recognized by Information Services Group (ISG) as a leader in cloud and infrastructure solutions for the second consecutive year. The ISG Provider Lens™ report highlights Unisys' strong capabilities in managed services in both the U.S. and Brazil. In the U.S., it leads in midmarket managed services and managed hosting for the public sector. In Brazil, Unisys is noted for its robust CloudForte® platform and extensive security measures. This recognition demonstrates Unisys' focus on helping clients achieve business agility through effective cloud transformation.

Unisys Corporation (NYSE: UIS) announces that Claudius Sokenu, its senior vice president and general counsel, has been recognized in Savoy Magazine's 2022 Most Influential Black Executives in Corporate America list. Sokenu, who joined Unisys in May 2022, has previously held significant roles in legal leadership at Cognizant and Andeavor. This recognition reflects Unisys' commitment to diversity and inclusivity in its corporate culture, as highlighted by CEO Peter Altabef.

Unisys Corporation (NYSE: UIS) will announce its Q2 2022 financial results on August 3, 2022, after NYSE trading ends. A conference call for financial analysis will occur on August 4, 2022, at 8:00 a.m. ET. Interested parties can access the live Webcast on the Unisys Investor Website. A replay will be available shortly after the call. This announcement allows stakeholders to prepare for the upcoming financial insights, crucial for assessing Unisys's market performance.

Unisys Corporation (NYSE: UIS) has announced a goal to achieve net zero greenhouse gas emissions by 2030, aligning with the Science Based Targets initiative. This follows the company's success in reducing its carbon footprint by 75% by 2026, achieved five years ahead of schedule using 2021 data. Their strategy includes developing solutions for energy efficiency, optimizing real estate, and procuring renewable energy. CEO Peter Altabef emphasized Unisys's commitment to sustainability and integrating environmental considerations into its business model.

Unisys Corporation (NYSE: UIS) has announced the winners of its 13th Annual Unisys Innovation Program (UIP), a competition for engineering students in India. Over 200 projects were submitted from nearly 200 colleges. Winners include Sri Manakula Vinayagar Engineering College for their project on continuous authentication using behavioral biometrics, followed by Mangalore Institute of Technology and Engineering and Kamaraj College for projects using video analytics and Web3 technologies, respectively. Participants engaged in practical experiences to enhance their industry readiness.