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 (NYSE: UIS) is a global technology solutions company whose news flow reflects its focus on cloud, AI, digital workplace, applications, logistics in some descriptions, and enterprise computing. Company announcements frequently highlight how Unisys works with leading organizations and public sector entities, as well as its role in emerging areas such as generative AI, cybersecurity, and hybrid cloud strategies.
On this page, readers can follow UIS news related to technology insights, industry recognition, investor events, and innovation initiatives. Recent releases include Unisys’ "Top IT Insights" report on AI application trends, cybersecurity, data sovereignty, and workload placement, along with recognition from Information Services Group (ISG) as a Leader in Generative AI Services and Future of Work Services. These items illustrate how the company positions its AI and digital workplace capabilities.
Investors and observers will also find news about Unisys’ participation in investor conferences, where management presents and hosts one-on-one and small group meetings. Additional coverage includes awards such as the Enterprise & AI Innovation Award from Plug and Play and updates on the Unisys Innovation Program, a long-running competition for engineering students in India focused on technologies like AI, quantum computing, and IoT.
Together, these updates provide a view into how Unisys communicates its strategy in cloud, AI, digital workplace, applications, and enterprise computing, as well as its engagement with clients, partners, students, and the investment community. Users interested in UIS can use this news feed to review company perspectives on technology trends and its role in enterprise and public sector transformation.
Unisys Corporation (NYSE: UIS) has appointed Roxanne Taylor to its Board of Directors as of October 18. Taylor, currently the chief marketing and communications officer at Memorial Sloan Kettering Cancer Center, has over 30 years of experience in brand leadership and marketing, notably at Accenture. Her expertise includes digital innovation, diversity, equity, and inclusion (DEI), key priorities for Unisys. Chair and CEO Peter Altabef expressed excitement over Taylor's addition, emphasizing her role in building cultures of innovation and equality.
On October 14, 2021, Unisys Corporation (NYSE: UIS) announced its role in co-hosting the National Cybersecurity Moonshot Workshop on October 19-20, 2021. This hybrid event, held in Augusta, GA, aims to accelerate the development of technologies for a more secure internet. Key areas of focus include artificial intelligence, 5G security, post-quantum encryption, and advanced identities. Industry leaders, including CEO Peter Altabef, will share insights on securing national infrastructure through collective action.
Unisys Corporation (NYSE: UIS) has been recognized as a leader in cloud and infrastructure solutions by Information Services Group (ISG) in its latest report for the U.S., U.K., and Brazil. The report ranks Unisys as a 'Leader' in the Managed Services (Mid-Market) quadrant in the U.S., reflecting its strengths in private and hybrid cloud management. Unisys leverages its CloudForte® platform to deliver secure and efficient services tailored for various enterprise needs. This accolade underscores Unisys's commitment to transforming client operations across multi-cloud environments.
Unisys Corporation (NYSE: UIS) has secured a contract with the Wisconsin Department of Workforce Development (DWD) to deliver a cloud-based contact center solution. Announced on Sept. 23, 2021, this platform enhances citizen interaction with government services, including unemployment insurance and training programs. The integration of NICE CXone and Unisys' InteliServe™️ will modernize communication channels and improve real-time reporting. This deal underscores Unisys' commitment to innovation, benefiting over 200 global government agencies.
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.