Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) has been recognized for the third consecutive year as a Microsoft Azure Expert Managed Service Provider (MSP). This status underscores Unisys's capability to facilitate secure and compliant cloud environments using their Cloud Management Platform (CMP) and CloudForte® technologies. Over 500 certified professionals assist clients in migrating critical workloads to Azure, ensuring compliance, governance, and enhanced security. In Q4 2020, Unisys was acknowledged as a leader in cloud offerings by both Information Services Group and Nelson Hall.

Unisys Corporation (NYSE: UIS) has announced a significant contract with TravelSky, enhancing their ClearPath Forward technology to improve operational capacity for China's aviation sector. The upgrade includes advanced ClearPath OS 2200 software and application development services, aimed at facilitating critical transactions like reservations and cargo bookings. This collaboration comes as the Civil Aviation Administration of China reports a 91.07% recovery in air travel compared to 2019, indicating a strong recovery post-COVID-19.

Unisys Corporation (NYSE: UIS) has extended its partnership with pro golfer Ryan Palmer for 2021, a collaboration that began in 2018. Palmer achieved notable success on the PGA TOUR, including eight Top-10 finishes during the current and previous seasons. He will display Unisys branding in all competitions and events throughout the year. The partnership reflects shared values, focusing on continuous improvement and community support. Unisys aims to leverage Palmer's growing momentum in golf to enhance its brand image and connection with clients.

Unisys Corporation (NYSE: UIS) will release its fourth-quarter and full-year 2020 financial results on February 22, 2021, after market close. A conference call for discussion of the results will follow on February 23, 2021, from 8:00 - 9:00 a.m. Eastern Time. The call can be accessed via a live Webcast on the Unisys Investor Website, with a replay available post-call. Unisys is recognized for delivering integrated IT services across various sectors, emphasizing security in its solutions.

Unisys Corporation (NYSE: UIS) has received research funding from the Artificial Intelligence (AI) for Decision Making Initiative to explore AI and Machine Learning (ML) applications for identifying deceitful writing. This initiative is a collaboration with Australia's Office of National Intelligence and Department of Defence, focusing on enhancing AI capabilities relevant to national security. Unisys aims to develop solutions that could potentially assist in forensic analysis and cybersecurity, with expected results to be presented in early 2021.

Unisys Corporation (NYSE: UIS) announced a $280 million agreement with MassMutual to purchase a group annuity contract. This will transfer pension obligations related to certain retirees, resulting in a one-time, non-cash pre-tax settlement charge of approximately $150 million. This action follows a $276 million lump-sum cash-out offer to former U.S. associates. The company aims to reduce global pension liabilities by $1 billion by Q1 2021, affecting about 11,600 retirees with unchanged monthly benefits.

Unisys Corporation (NYSE: UIS) has been recognized by Information Services Group (ISG) as a leader in public-cloud solutions and services across the U.S., UK, and Brazil. In the latest ISG Provider Lens report, Unisys was highlighted for its CloudForte® managed-service offering, which emphasizes secure digital transformation through automation and AI. The report identifies Unisys as a leader in Managed Public Cloud Services and Consulting Services for Mid-market in the U.S. Additionally, Unisys has secured positions as a Product Challenger in various categories, illustrating a strong market presence.

Unisys Corporation (NYSE: UIS) announced the completion of a lump-sum cash-out offer for eligible former associates with deferred vested benefits in U.S. pension plans. Earlier in 2020, Unisys contributed approximately $800 million to its pension plans, aiming to reduce future required contributions. The current initiative is part of a broader strategy to lower global pension liabilities by $1 billion by Q1 2021, with about 3,500 former associates accepting the offer. This will lead to a one-time, non-cash pre-tax settlement charge of $150 million, with no impact on cash position.