Unisys Corporation reports developments across cloud, AI, digital workplace, applications and enterprise computing services for government, financial services and commercial clients. Recurring updates include quarterly results, new business signings, profitability trends, investor conferences and product activity within the ClearPath Forward ecosystem.
Company news also covers client and partner activity tied to Unisys technology platforms, including Cargo Portal Services for air cargo booking, digital workplace field services, global service desk operations, core banking and anti-money laundering capabilities, and research involving quantum computing applications for cybersecurity.
Unisys (NYSE: UIS) reported Q2 2024 financial results, showing continued momentum in new business signings and reiterating full-year guidance. Key highlights include:
- Revenue growth of 0.3% year-over-year (YoY), 0.5% in constant currency
- Gross profit margin of 27.2%, up 290 bps YoY
- Operating profit margin of 4.9%; non-GAAP operating profit margin of 6.1%
- New Business Total Contract Value (TCV) increased 64% YoY and 17% quarter-over-quarter
- Ex-License and Support (Ex-L&S) revenue was flat YoY, 0.1% increase in constant currency
- Ex-L&S gross profit margin of 18.7%, up 270 bps YoY
The company reiterated its full-year 2024 guidance, projecting revenue growth of -1.5% to 1.5% in constant currency and non-GAAP operating profit margin of 5.5% to 7.5%.
Unisys (NYSE: UIS) has announced its participation in the Deutsche Bank Technology Conference on August 28, 2024. The event will take place at the Waldorf Astoria Monarch Beach in Dana Point, California. Unisys management will be available throughout the day for one-on-one and small group meetings with investors.
This conference provides an opportunity for investors to engage directly with Unisys representatives and gain insights into the company's strategies and performance. Interested investors are advised to contact their Deutsche Bank representative to schedule meetings with Unisys management during the event.
Unisys (NYSE: UIS) has announced the release date for its second-quarter 2024 financial results. The company will disclose the results on Monday, August 5, 2024, after the New York Stock Exchange closes. Following this, Unisys will host a conference call with the financial community on Tuesday, August 6, 2024, at 8 a.m. EDT to discuss the results.
Investors can access a live, listen-only webcast of the conference call on the Unisys Investor Website. Additionally, domestic callers can dial 1-844-695-5518, while international callers can use 1-412-902-6749, with the conference passcode: Unisys Call. A webcast replay and audio replay will be available shortly after the call, accessible until August 20, 2024.
Unisys (NYSE: UIS) has been honored with two awards by Dell Technologies as part of the 2024 Global Alliances Partner of the Year recognition.
The awards, announced on June 24, 2024, include the 2024 Global Alliances Trailblazer Partner of the Year, Global and the 2024 Global Alliances Expansion Partner of the Year, Americas. These accolades highlight Unisys' commitment to technological innovation and its significant growth in the Americas region.
Mike Thomson, president and COO of Unisys, emphasized the company's dedication to pushing technological boundaries and enhancing client relationships through its collaboration with Dell Technologies.
Unisys (NYSE: UIS) has been named to Newsweek's Top 100 Global Most Loved Workplaces list for 2024. This recognition highlights Unisys' focus on core aspirational behaviors such as exploration, experimentation, agility, and ownership, which foster a thriving workplace culture. The company prioritizes employee sentiment across five areas: future outlook, career achievement, value alignment, respect at all levels, and collaboration. This distinction underscores Unisys' commitment to inclusion, employee wellness, diversity, career development, and strong leadership. Unisys' placement on the list follows a survey of over 2 million employees from companies of varying sizes.
Unisys (NYSE: UIS) has been honored with two HDI Global Service and Support Awards: 'Best Customer Experience' and 'Best Service and Support Manager.' The awards acknowledge the company's Digital Workplace Solutions (DWS) team for optimizing client customer experiences and Service Desk Manager Gilberto Sanchez for his exceptional service. In 2023, Unisys also won 'Best Culture' and 'Best Support Organization' awards. According to Joel Raper, SVP of Digital Workplace Solutions, service excellence is pivotal to Unisys's client solutions. The HDI awards highlight top standards in technical support and service management across various categories. Patrycja Sobera, VP of Digital Workplace Solutions Delivery, praised Sanchez's leadership and commitment to customer service. Unisys's DWS offers tools and services for secure, flexible work environments, including the Unisys Next-Generation Service Desk.
Unisys (NYSE: UIS) has announced the winners of its 15th Annual Unisys Innovation Program (UIP), a competition aimed at fostering collaboration between young engineers and industry leaders. The program saw a record-breaking 11,000 registrants and over 800 project submissions across ten themes. The top three winners include two teams from Ramaiah Institute of Technology and one from Sri Manakula Vinayagar Engineering College. They presented innovative projects in AI, IoT, and environmental sustainability. The program serves as a platform to nurture India's top talent pool and connect them with industry leaders.
Unisys (NYSE: UIS) reported financial results for the first quarter of 2024, with revenue declining 5.5% YoY, 7.1% decline in constant currency, while Ex-L&S revenue grew 4.0% YoY. Gross profit margin was 27.9%, down 290 bps. Operating profit margin was 3.6%, with operating cash flow of $23.8 million and free cash flow of $3.9 million. New Logo Total Contract Value more than doubled YoY. Unisys reiterated full-year guidance, anticipating strong second-half performance.
Unisys (UIS) CEO, Peter Altabef, will be attending the J.P. Morgan Technology, Media and Communications Conference on May 22, 2024. Investors can schedule one-on-one and small group meetings with Peter by contacting their J.P. Morgan representative.
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