Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) is set to release its fourth-quarter and full-year 2021 financial results on February 21, 2021, after the market close. A conference call will follow on February 22, from 8:00-9:00 a.m. ET, to discuss the results with the financial community. Investors can access the live call via a Webcast on the Unisys Investor Website, where a replay will also be available shortly after the call.

Unisys Corporation (NYSE: UIS) has acquired CompuGain for $87.3 million in a cash-free, debt-free transaction aimed at enhancing its cloud services. CompuGain reported $58 million in revenue for the year ending September 30, 2021, a 12% increase year-over-year, with over 90% of its revenue from established client relationships. The acquisition is expected to be immediately accretive to adjusted EBITDA and free cash flow. Unisys anticipates greater revenue and profit growth through improved cloud capabilities and cross-selling opportunities.

Unisys Corporation (NYSE: UIS) announced a 10-year contract extension with New Zealand's Waka Kotahi NZ Transport Agency, enhancing IT infrastructure supporting 25 million driver's licenses and 60 million motor vehicle transactions annually. This contract, awarded in Q3 2021, will transition infrastructure to All of Government co-located facilities. Unisys aims to improve application services for the Registry Suite, including ongoing support and disaster recovery services. The partnership underscores Unisys' commitment to reliable government services and builds on nearly 30 years of collaboration.

Unisys Corporation (NYSE: UIS) has announced the acquisition of Mobinergy™, a company specializing in Unified Endpoint Management (UEM), utilizing cash reserves to fund the transaction. This acquisition aims to enhance Unisys' UEM capabilities globally, in a market projected to reach $3.4 billion by 2020, with a growth rate of approximately 32% CAGR through 2027. Mobinergy's integration is expected to further develop Unisys' employee experience portfolio, following the acquisition of Unify Square earlier in 2021.

Unisys Corporation reported third-quarter 2021 results, revealing a slight revenue decline of 1.5% YoY to $488.0M. However, gross profit rose 5.8% YoY to $126.9M, with gross margin improving by 180 bps to 26.0%. Free cash flow increased 14.9% YoY to $39.4M, and adjusted free cash flow was up 36.3% YoY to $69.9M. The company reaffirmed its FY 2021 revenue growth guidance of 0-2%. Leadership changes include CFO Mike Thomson becoming president and COO, succeeding Eric Hutto.

Unisys Corporation (NYSE: UIS) will release its third-quarter 2021 financial results on November 2, 2021, after the market closes. Following the release, a conference call is scheduled for November 3, from 8:00 - 9:00 a.m. Eastern Time, to discuss the results. Investors can access the call via a live Webcast on the Unisys Investor Website, with a replay available shortly after. Unisys is known for providing IT solutions across various sectors, emphasizing digital workplace, cloud and infrastructure, and cybersecurity solutions.