Unisys Stock Price, News & Analysis

Unisys Corporation announced the winners of its 12th annual Cloud 20/20 contest, one of India's prominent student innovation programs. The contest received over 685 submissions from more than 400 colleges across India. The top project, 'Edge-driven Biometrics and Facial Recognition,' was led by students from M.S. Ramaiah Institute of Technology. Winning teams were awarded cash prizes totaling INR 4.25 lakhs. The contest aims to foster innovation and collaboration between industry and academia, preparing students for real-world challenges.

Unisys Corporation (NYSE: UIS) announced the appointment of Gene Chao as senior vice president and general manager of ClearPath Forward, effective April 12, 2021. Chao, previously with IBM, will align resources for ClearPath Forward to promote profitable growth and competitive outcomes. His experience in artificial intelligence and business transformation is expected to enhance the services focus of the ClearPath Forward business. The appointment aims to leverage next-generation technologies for improved client success and operational efficiency.

Unisys Corporation (NYSE: UIS) appointed Dwayne L. Allen as Chief Technology Officer (CTO) and Senior Vice President for Solution Innovation and Architecture, effective April 12, 2021. Allen's expertise in cloud technology and digital transformation aims to enhance solutions for Unisys clients. Previously a global digital strategist at Microsoft, he has extensive experience across multiple industries. His leadership is expected to accelerate innovative solution delivery, driving better business outcomes for Unisys' customers.

Unisys Corporation (NYSE: UIS) will release its first-quarter 2021 financial results on May 6, 2021, after the trading session ends on the New York Stock Exchange. A conference call is scheduled for 5:00 – 6:00 p.m. Eastern Time to discuss the results with the financial community. Investors can access a live Webcast of the call on the Unisys Investor Website, with a replay available shortly after. This earnings report will provide crucial insights for investors regarding the company’s financial performance and future outlook.

Unisys Corporation (NYSE: UIS) announced the launch of U-Pass™, a COVID-19 testing and health management solution, in partnership with Inspire Health Alliance. U-Pass is designed to control access to various environments and features comprehensive testing options, including rapid antibody, antigen, and PCR tests. It includes secure point-of-entry kiosks for identity verification and integrates with building management systems. The solution aims to facilitate the safe reopening of facilities, schools, and transportation hubs while ensuring compliance with health regulations.

Unisys Corporation (NYSE: UIS) has been recognized as a leader in cyber resiliency services by NelsonHall in their NEAT vendor evaluation report. This recognition highlights Unisys' capability to deliver immediate client benefits and strategize for future needs. The report assessed 11 major providers, focusing on client partnerships and innovation-driven solutions. Notably, Unisys Stealth micro-segmentation was praised for its unique approach to protecting important data by obscuring network topology. Mike Morrison emphasized that effective cyber resiliency is crucial for modern digital businesses.

On February 24, 2021, Unisys Corporation (NYSE: UIS) announced several significant contracts awarded in Q4 2020. These include a contract with a global healthcare provider for digital workplace solutions impacting 39,000 employees, a scope contract from a U.S. state government to support a remote-first strategy using CloudForte®, and a renewal with the New Zealand Transport Agency for its Registry Suite utilizing Unisys AB Suite®. President Eric Hutto emphasized the alignment of their solutions with client objectives, highlighting the company's growing recognition in the industry.

Unisys Corporation (UIS) reported strong financial performance for FY20, exceeding company expectations. In 4Q20, revenue increased by 5.5% YoY to $576.9 million, with a significant operating profit margin improvement of 640 bps YoY to 8.3%. Despite a decline of 8.8% in FY20 revenue, non-GAAP operating profit margin rose to 7.5%. The cash balance at the end of FY20 was $898.5 million, up from $538.8 million in FY19. The company also successfully reduced its pension obligations by approximately $710 million. Unisys is focused on higher-growth markets following restructuring.