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 reports developments across cloud, AI, digital workplace, applications and enterprise computing services for government, financial services and commercial clients. Recurring updates include quarterly results, new business signings, profitability trends, investor conferences and product activity within the ClearPath Forward ecosystem.
Company news also covers client and partner activity tied to Unisys technology platforms, including Cargo Portal Services for air cargo booking, digital workplace field services, global service desk operations, core banking and anti-money laundering capabilities, and research involving quantum computing applications for cybersecurity.
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.
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Unisys Corporation (NYSE: UIS) is set to release its fourth-quarter and full-year 2021 financial results on February 21, 2021, after the market close. A conference call will follow on February 22, from 8:00-9:00 a.m. ET, to discuss the results with the financial community. Investors can access the live call via a Webcast on the Unisys Investor Website, where a replay will also be available shortly after the call.