Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) has been appointed to the Australian Federal Government's Digital Transformation Agency (DTA) marketplaces, enhancing its offerings in cloud, telecommunications, and software. This initiative aims to improve the citizen and employee experience within government services. Unisys will provide comprehensive solutions including cloud transformation, digital workplace services, and cybersecurity. This collaboration reflects Unisys' commitment to supporting digital transformation across various government levels in Australia.

Unisys Corporation (NYSE: UIS) has been recognized as a global leader in cybersecurity solutions by Information Services Group (ISG) in their 2021 report. Unisys achieved Leader status in two quadrants: Managed Security Services (Mid-Market) and Technical Security Services. The report highlights Unisys' robust capabilities in handling IT security infrastructures and integration of various security technologies. Furthermore, Unisys was noted as a leader in the Managed Security Services quadrant in both the Australian and Brazilian reports, reinforcing its market position.

Unisys Corporation (NYSE: UIS) announced a groundbreaking software functionality that allows airlines to track the status and location of individual cargo pieces throughout their journey. This new 'piece-level tracking' (PLT) capability, integrated with Unisys Cargo Core, enhances supply chain visibility and operational efficiency. With a reported 92% of supply chain professionals lacking trust in their data, this feature is expected to significantly reduce inventory spoilage losses, which for pharmaceuticals can reach up to $138 million annually.

Unisys reported a 17.9% year-over-year revenue growth, reaching $517.3 million in Q2 2021. Operating profit rose to $40.8 million, with a margin improvement of 980 basis points to 7.9%. Non-GAAP operating profit margin reached 9.7%, up 950 basis points. Cash from operations jumped $56.1 million year-over-year to $41.9 million, while free cash flow improved to $19 million. The company expanded its Digital Workplace Solutions through the acquisition of Unify Square. A net loss of $140.8 million was reported, affected by settlement charges of $210.7 million.

Unisys Corporation (NYSE: UIS) has secured a four-year contract valued at up to US$216 million to support the EU's eu-LISA agency, enhancing IT systems for border management. The consortium, including Uni Systems and Wavestone, will provide consulting, project delivery, and support services. The project focuses on biometric authentication and mobile integration to improve border security and streamline passenger flow. The contract's maximum value is contingent on service usage, with no guaranteed orders, highlighting potential revenue uncertainty.

Unisys Corporation (NYSE: UIS) is set to release its second-quarter 2021 financial results on August 2, 2021, after market close. A conference call will follow on August 3 from 8:00 - 9:00 a.m. Eastern Time for discussion of the results. Investors can listen live via a Webcast on the Unisys Investor Website. Unisys is a global IT solutions provider, offering services in digital workplace, cloud, enterprise computing, and cybersecurity.

Unisys Corporation (NYSE: UIS) announced its participation in the Google Cloud Partner Advantage Program as a reseller of Google Cloud and Google Workspace. This partnership enhances Unisys' ability to provide comprehensive cloud services, including advisory, transformation, application modernization, and managed services. The program enables Unisys to optimize clients' workplace environments while supporting their hybrid and multi-cloud journeys. Further recognition includes Unisys being named a leader in cognitive and self-healing IT infrastructure services by NelsonHall and recognized by ISG for public cloud solutions.

Unisys Corporation (NYSE: UIS) has deployed Unbound CORE to enhance its security through centralized management of cryptographic keys and code signing. This partnership addresses the need for improved security standards and efficiency across the organization. Unbound CORE creates a virtual mesh for key management, supporting digital certificates and encryption across the business cycle. CIO Mathew Newfield highlights the benefits of standardization and innovation from Unbound. The platform mitigates risks associated with cryptographic infrastructure, improving security posture and operational overhead.

Unisys Corporation (NYSE: UIS) has been recognized as an Amazon Web Services (AWS) Managed Service Provider (MSP) for the fourth consecutive year, highlighting its cloud managed services capabilities. This designation underscores Unisys' ability to aid clients in cloud migration and governance. Additionally, Unisys has earned the AWS Government Competency, showcasing its experience with government customers. The company also received accolades from NelsonHall and ISG for its IT infrastructure and cloud solutions, indicating strong market positioning.