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 Corporation (NYSE: UIS) announced its participation in key investor conferences. On December 8, 2022, CFO Deb McCann will present at the Sidoti December Virtual Small Cap Conference at 9:15 a.m. ET, with opportunities for one-on-one and small group meetings. Following this, on January 10, 2023, she will engage in similar meetings at the Needham Growth Conference in New York, NY. The Sidoti presentation will be available via live webcast on the Unisys Investor Relations website.
Unisys Corporation (NYSE: UIS) and Faction have partnered to launch a comprehensive solution for data protection, cyber recovery, and business continuity across on-premises and multi-cloud environments. This service offers cryptographically isolated data storage, leveraging Dell PowerProtect Cyber Recovery for enhanced data efficacy, as well as ongoing management of recovery processes. The collaboration aims to boost organizations' cyber resilience, providing specialized services that facilitate innovative data management strategies. This initiative represents a significant step in enhancing clients' security and operational efficiency.
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Unisys Corporation (NYSE: UIS) has been recognized as a leader in the 2022 ISG Provider Lens™ Future of Work report by Information Services Group. This report assesses global digital workplace services and solutions across multiple regions, including the U.S. and U.K. Unisys was highlighted in four quadrants: Workplace Strategy Transformation, Managed Employee Experience, Managed Workplace Services for End-User Technology, and Digital Service Desk. The recognition aligns with Unisys's goal to enhance employee experience in a hybrid work environment.
Unisys Corporation (NYSE: UIS) is under investigation by Holzer & Holzer, LLC for potential violations of federal securities laws. Following its announcement on November 7, 2022, that it could not file its 10-Q quarterly report for the quarter ended September 30, 2022, the company reported a significant loss of $40.1 million in Q3. Furthermore, Unisys is looking into potential weaknesses in its internal controls over financial reporting. The news led to a drop in the company's stock price.
Unisys Corporation (NYSE: UIS) reported a 5.5% decline in revenue for Q3 2022, totaling $461.2 million, though constant currency revenue grew by 0.3%. The company achieved a 20% increase in Annual Contract Value (ACV) and a 31% growth in Total Contract Value (TCV). Unisys revised its full-year guidance, projecting a revenue decline of -5.5% to -3.5%, with an expected non-GAAP operating profit margin between 6.0% to 8.0%. Additionally, a Form 12b-25 was filed due to delays in submitting the Form 10-Q, as the Audit Committee investigates internal controls.
Unisys Corporation (NYSE: UIS) will announce its third-quarter 2022 financial results on November 7, 2022, after trading closes. A conference call with investors is scheduled for November 8 at 8:00 a.m. Eastern Time. Interested parties can access a live Webcast on the Unisys Investor Website or via phone. A replay of the call will be available shortly after its conclusion until November 22, 2022. Unisys provides various technology solutions, including digital workplace and cloud services, catering to commercial, financial, and government sectors.
Unisys Corporation (NYSE: UIS) has advanced to an Elite Partner in the ServiceNow Partner Program, strengthening its long-standing relationship with ServiceNow. This advancement enables Unisys to provide comprehensive integrated enterprise service management solutions, enhancing business workflows and client experiences for thousands of knowledge workers globally. The transition recognizes Unisys' achievements within the partner assessment methodology, showcasing its commitment to delivering premium IT services and furthering operational efficiency.
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Unisys Corporation has been recognized by NelsonHall as a leader in the End-to-End Cloud Infrastructure Management Services 2022 report. The company excelled in five focus areas including Microsoft Azure and AWS Capabilities. The recognition resulted from significant investments in cloud solutions, emphasizing a cloud-agnostic approach and collaboration with partners. Unisys aims to guide clients through their cloud journey, enhancing performance, agility, and security in multi-cloud environments.