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 Corporation (UIS) reported second-quarter 2022 results, exceeding consensus estimates on key metrics. Total revenue was roughly flat YoY at $515 million, but increased 2.8% in constant currency. Operating profit margin was 6.5%, with non-GAAP operating profit margin at 9.0%. ACV signings rose 25% YoY, while TCV increased 12%. The company revised its FY22 revenue guidance to a range of (-1.0)% to 1.0% YoY. Despite challenges, including increased labor costs affecting gross margins, the total company pipeline grew 30% YoY, indicating strong demand for their digital services.
Unisys Corporation (NYSE: UIS) has been recognized by Information Services Group (ISG) as a leader in cloud and infrastructure solutions for the second consecutive year. The ISG Provider Lens™ report highlights Unisys' strong capabilities in managed services in both the U.S. and Brazil. In the U.S., it leads in midmarket managed services and managed hosting for the public sector. In Brazil, Unisys is noted for its robust CloudForte® platform and extensive security measures. This recognition demonstrates Unisys' focus on helping clients achieve business agility through effective cloud transformation.
Unisys Corporation (NYSE: UIS) announces that Claudius Sokenu, its senior vice president and general counsel, has been recognized in Savoy Magazine's 2022 Most Influential Black Executives in Corporate America list. Sokenu, who joined Unisys in May 2022, has previously held significant roles in legal leadership at Cognizant and Andeavor. This recognition reflects Unisys' commitment to diversity and inclusivity in its corporate culture, as highlighted by CEO Peter Altabef.
Unisys Corporation (NYSE: UIS) will announce its Q2 2022 financial results on August 3, 2022, after NYSE trading ends. A conference call for financial analysis will occur on August 4, 2022, at 8:00 a.m. ET. Interested parties can access the live Webcast on the Unisys Investor Website. A replay will be available shortly after the call. This announcement allows stakeholders to prepare for the upcoming financial insights, crucial for assessing Unisys's market performance.
Unisys Corporation (NYSE: UIS) has announced a goal to achieve net zero greenhouse gas emissions by 2030, aligning with the Science Based Targets initiative. This follows the company's success in reducing its carbon footprint by 75% by 2026, achieved five years ahead of schedule using 2021 data. Their strategy includes developing solutions for energy efficiency, optimizing real estate, and procuring renewable energy. CEO Peter Altabef emphasized Unisys's commitment to sustainability and integrating environmental considerations into its business model.
Unisys Corporation (NYSE: UIS) has announced the winners of its 13th Annual Unisys Innovation Program (UIP), a competition for engineering students in India. Over 200 projects were submitted from nearly 200 colleges. Winners include Sri Manakula Vinayagar Engineering College for their project on continuous authentication using behavioral biometrics, followed by Mangalore Institute of Technology and Engineering and Kamaraj College for projects using video analytics and Web3 technologies, respectively. Participants engaged in practical experiences to enhance their industry readiness.
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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.