Unisys Stock Price, News & Analysis

On May 7, 2021, Unisys Corporation (NYSE: UIS) announced multiple contracts totaling over $20 million in the first quarter of 2021 for its ClearPath Forward enterprise-computing environment. Key contracts include providing support for credit card processing and back-office services to a Southeast European financial company, extending services to a European air navigation provider, and securing a renewal with United Community Banks for new servers and data protection. These contracts highlight the growing demand for Unisys' secure computing solutions.

Unisys Corporation (UIS) reported its first-quarter 2021 results, with a 470 bps increase in operating profit margin to 8.6%. Non-GAAP operating profit improved 440 bps to 10.1%. Revenue fell 1.1% year-over-year (YoY) to $509.8M, driven by declines in Field Services. However, Cloud & Infrastructure revenue surged 18.6% YoY. Cash from operations improved by $335M. The company recorded a $157.8M net loss, mainly due to a $158M pension settlement charge. Adjusted EBITDA rose by 29.9% YoY to $93.9M.

Unisys Corporation (NYSE: UIS) has achieved the Windows Server and SQL Server Migration to Microsoft Azure advanced specialization, showcasing its proficiency in migrating workloads to Azure. This certification is awarded only to partners who meet strict criteria and undergo third-party audits. The company is positioned to assist organizations in modernizing applications following the end-of-support for older Windows and SQL Server versions. Additionally, Unisys' Cloud Management Platform has been recognized by ISG and NelsonHall as a leader in cloud services.

Unisys Corporation (NYSE: UIS) has integrated PerVoice's voice recognition technology into its InteliServe platform, enhancing user interaction with service desks. This technology provides omni-channel support in multiple languages, allowing for improved natural speech recognition. With the pandemic increasing IT service desk contacts, this advancement aims to improve user experience and productivity by automating common requests. Additionally, Unisys continues to be recognized as a leader in managed workplace services, as noted by Gartner's February 2021 Magic Quadrant.

Unisys Corporation (NYSE: UIS) has been appointed to provide Hyperscale Cloud Management Services to South Australian government agencies via the Managed Platform Services Panel. This initiative aligns with the South Australian government's strategy to enhance public services using technology. Unisys will offer services on major cloud platforms, including Microsoft Azure, AWS, and Google Cloud, through its CloudForte suite. This opportunity builds on Unisys' extensive experience in cloud solutions, aiming to streamline digital transformation across government agencies.

Unisys Corporation (NYSE: UIS) has appointed Maureen Sweeny as the senior vice president and chief revenue officer, a newly established role. Sweeny will focus on enhancing sales strategies for the Digital Workplace Services and Cloud & Infrastructure units, aiming to strengthen client relationships and boost market presence. Previously, she contributed to significant revenue growth at Delaware North and Aristocrat Technologies, achieving 30% and 48% increases, respectively. Sweeny emphasizes a client-centric approach to drive growth for Unisys.

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.