Welcome to our dedicated page for Unisys news (Ticker: UIS), a resource for investors and traders seeking the latest updates and insights on Unisys stock.
Unisys Corporation (NYSE: UIS) is a global technology solutions company whose news flow reflects its focus on cloud, AI, digital workplace, applications, logistics in some descriptions, and enterprise computing. Company announcements frequently highlight how Unisys works with leading organizations and public sector entities, as well as its role in emerging areas such as generative AI, cybersecurity, and hybrid cloud strategies.
On this page, readers can follow UIS news related to technology insights, industry recognition, investor events, and innovation initiatives. Recent releases include Unisys’ "Top IT Insights" report on AI application trends, cybersecurity, data sovereignty, and workload placement, along with recognition from Information Services Group (ISG) as a Leader in Generative AI Services and Future of Work Services. These items illustrate how the company positions its AI and digital workplace capabilities.
Investors and observers will also find news about Unisys’ participation in investor conferences, where management presents and hosts one-on-one and small group meetings. Additional coverage includes awards such as the Enterprise & AI Innovation Award from Plug and Play and updates on the Unisys Innovation Program, a long-running competition for engineering students in India focused on technologies like AI, quantum computing, and IoT.
Together, these updates provide a view into how Unisys communicates its strategy in cloud, AI, digital workplace, applications, and enterprise computing, as well as its engagement with clients, partners, students, and the investment community. Users interested in UIS can use this news feed to review company perspectives on technology trends and its role in enterprise and public sector transformation.
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.
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Unisys Corporation (NYSE: UIS) has been recognized as a leader in the 2022 ISG Provider Lens™ Future of Work report by Information Services Group. This report assesses global digital workplace services and solutions across multiple regions, including the U.S. and U.K. Unisys was highlighted in four quadrants: Workplace Strategy Transformation, Managed Employee Experience, Managed Workplace Services for End-User Technology, and Digital Service Desk. The recognition aligns with Unisys's goal to enhance employee experience in a hybrid work environment.
Unisys Corporation (NYSE: UIS) is under investigation by Holzer & Holzer, LLC for potential violations of federal securities laws. Following its announcement on November 7, 2022, that it could not file its 10-Q quarterly report for the quarter ended September 30, 2022, the company reported a significant loss of $40.1 million in Q3. Furthermore, Unisys is looking into potential weaknesses in its internal controls over financial reporting. The news led to a drop in the company's stock price.
Unisys Corporation (NYSE: UIS) reported a 5.5% decline in revenue for Q3 2022, totaling $461.2 million, though constant currency revenue grew by 0.3%. The company achieved a 20% increase in Annual Contract Value (ACV) and a 31% growth in Total Contract Value (TCV). Unisys revised its full-year guidance, projecting a revenue decline of -5.5% to -3.5%, with an expected non-GAAP operating profit margin between 6.0% to 8.0%. Additionally, a Form 12b-25 was filed due to delays in submitting the Form 10-Q, as the Audit Committee investigates internal controls.
Unisys Corporation (NYSE: UIS) will announce its third-quarter 2022 financial results on November 7, 2022, after trading closes. A conference call with investors is scheduled for November 8 at 8:00 a.m. Eastern Time. Interested parties can access a live Webcast on the Unisys Investor Website or via phone. A replay of the call will be available shortly after its conclusion until November 22, 2022. Unisys provides various technology solutions, including digital workplace and cloud services, catering to commercial, financial, and government sectors.
Unisys Corporation (NYSE: UIS) has advanced to an Elite Partner in the ServiceNow Partner Program, strengthening its long-standing relationship with ServiceNow. This advancement enables Unisys to provide comprehensive integrated enterprise service management solutions, enhancing business workflows and client experiences for thousands of knowledge workers globally. The transition recognizes Unisys' achievements within the partner assessment methodology, showcasing its commitment to delivering premium IT services and furthering operational efficiency.