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.
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Unisys reported a 43% year-over-year growth in Annual Contract Value (ACV), bolstered by strong performance in Digital Workplace Solutions (DWS) and Cloud & Infrastructure Solutions (C&I). However, total revenue declined by 12.4%, primarily due to a lighter Enterprise Computing Solutions (ECS) license renewal schedule and the exit from non-strategic DWS contracts. Notably, C&I revenue grew 7.0% year-over-year, while adjusted EBITDA fell to $34.2M. The company's total pipeline increased 31% year-over-year and cash equivalents stood at $491.4M.
Unisys Corporation (NYSE: UIS) announced the appointment of Claudius O. Sokenu as senior vice president, general counsel, and secretary, effective May 2, 2022. Sokenu joins from Cognizant, bringing extensive legal expertise from both in-house and private practice, as well as government service. He succeeds Gerry Kenney, who is retiring effective April 30, 2022, after nearly nine years with Unisys. Chair and CEO Peter Altabef expressed confidence in Sokenu's capabilities and acknowledged Kenney's significant contributions to the company.
Unisys Corporation (NYSE: UIS) has appointed Debra "Deb" McCann as the new executive vice president and chief financial officer, effective May 2, 2022. McCann brings extensive experience from Dun & Bradstreet and has held senior roles at Cegedim and AT&T. Alongside her appointment, Mike Thomson has been promoted to president and chief operating officer. Thomson has previously served as CFO since September 2019, driving significant financial transformations. The leadership changes aim to enhance Unisys's financial strategy and operational performance.
Unisys Corporation (NYSE: UIS) announced it will release its first-quarter 2022 financial results on April 27, 2022, after trading closes on the NYSE. A conference call for investors and analysts will occur on April 28, 2022, at 8:00 a.m. Eastern Time to discuss these results. A live webcast will be available on the Unisys Investor Website, with a replay accessible shortly after. Unisys provides IT solutions across various sectors including commercial and government.
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Unisys Corporation (NYSE: UIS) has been recognized as a Leader in managed public cloud services across the U.S., U.K., and Brazil by the Information Services Group (ISG). The ISG Provider Lens™ report highlights Unisys's capabilities in consulting and transformation services, especially for midmarket and large accounts. The company’s CloudForte® platform is noted for its modular capabilities, enabling seamless client workload transitions to public cloud environments. This endorsement underscores Unisys's position in enabling clients to achieve business outcomes in highly-regulated sectors.
Unisys Corporation (UIS) reported a 1.4% increase in FY21 revenue to $2.054B, with operating profit soaring by 77.0% to $154.0M. The non-GAAP operating profit margin improved to 9.4%, while adjusted EBITDA rose 15.3% to $369.9M. Cash from operations surged to $132.5M, resulting in a free cash flow increase to $32.3M. For FY22, the company forecasts a 5-7% revenue growth. Despite these advancements, the quarterly results showed a 6.5% decline in Q4 revenue to $539.3M, impacted by licensing renewals.