Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) has been selected by West Bromwich Building Society to implement its Elevate™ omnichannel banking platform. This partnership aims to enhance the digital experience for West Brom members, allowing access to new services such as a mobile app and secure self-service options. The contract includes improved security features and operational tools for efficient product management. Elevate's open API architecture supports innovative service delivery, responding to a growing preference for digital banking, especially among older customers.

Unisys Corporation (NYSE: UIS) will conduct its 2021 Investor Event on January 12, 2021, from 9:00 am to 12:00 pm Eastern Time. This virtual event will feature presentations covering the company’s solutions, corporate strategy, and financial outlook for the upcoming years. Interested parties can access the live webcast on the Unisys Investor website, with a replay available shortly after the event.

Unisys specializes in IT services for businesses and governments, focusing on digital workplace services, cloud solutions, and integrated security.

Unisys Corporation (NYSE: UIS) has been recognized as a leader in managed security services in Australia by Information Services Group (ISG). This designation is attributed to its strengths in zero trust, micro-segmentation, and identity management. The ISG Provider Lens report highlighted Unisys as one of only seven leaders among 58 providers, emphasizing its capability to adapt to a rapidly evolving cybersecurity landscape. Unisys offers strong protections against threats, leveraging its proprietary technologies for effective enterprise security.

Unisys Corporation (NYSE: UIS) announced the release of Stealth 6.0, enhancing IT security management through improved visualization and dashboard tools. The update includes AI-driven automation for quick installation and configuration, and supports various environments including public, private, and multi-cloud platforms. With features like automated enterprise security and a comprehensive real-time dashboard, Stealth 6.0 aims to streamline security processes and reduce complexity amidst rising remote work demands. This solution is designed to meet compliance standards while lowering operational costs.

Unisys Corporation (NYSE: UIS) announced new cloud contracts with public sector clients, awarded in Q3 2020. The contracts include a five-year agreement with North Dakota's Job Service for unemployment insurance support, utilizing ClearPath® MCP Software Series for Azure and CloudForte® consulting services. Additionally, the European Fisheries Control Agency engaged Unisys for a Cloud and IT Architecture assessment, while an Australian state government agency expanded its cloud services. Unisys aims to help clients enhance service delivery and manage financial strains amid the COVID-19 pandemic.

Unisys Corporation (NYSE: UIS) has successfully closed a private offering of $485 million in 6.875% Senior Secured Notes due 2027. The proceeds will primarily address its underfunded U.S. pension liability. The notes are secured by liens on most of Unisys's assets and will be guaranteed by its domestic subsidiaries. Additionally, Unisys has amended its revolving credit facility to increase borrowing capacity to $175 million and extend maturity to October 2025. This financial strategy aims to enhance liquidity and manage liabilities effectively.

Unisys Corporation reported Q3 2020 revenue of $495.2 million, up 12.9% sequentially but down 10.3% year-over-year. The operating profit margin improved 750 bps sequentially to 5.6%, while non-GAAP operating profit margin rose 830 bps to 8.5%. Operating cash flow increased by $80.5 million sequentially to $66.3 million, and free cash flow reached $34.3 million, a growth of $83.9 million sequentially. The company expects to significantly reduce future pension contributions, with a potential deficit reduction of $478 million.

Unisys Corporation (NYSE: UIS) has priced $485 million in Senior Secured Notes due 2027, set to close on October 29, 2020. Proceeds will address its underfunded U.S. pension liability. The notes carry an interest rate of 6.875%, with payments starting on May 1, 2021. Guaranteed by major domestic subsidiaries, these notes are secured by substantially all of Unisys's assets. They are being offered privately under Rule 144A and Regulation S, and not registered under the Securities Act.