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.
Summary not available.
Unisys Corporation (NYSE: UIS) has announced the acquisition of Mobinergy™, a company specializing in Unified Endpoint Management (UEM), utilizing cash reserves to fund the transaction. This acquisition aims to enhance Unisys' UEM capabilities globally, in a market projected to reach $3.4 billion by 2020, with a growth rate of approximately 32% CAGR through 2027. Mobinergy's integration is expected to further develop Unisys' employee experience portfolio, following the acquisition of Unify Square earlier in 2021.
Summary not available.
Unisys Corporation reported third-quarter 2021 results, revealing a slight revenue decline of 1.5% YoY to $488.0M. However, gross profit rose 5.8% YoY to $126.9M, with gross margin improving by 180 bps to 26.0%. Free cash flow increased 14.9% YoY to $39.4M, and adjusted free cash flow was up 36.3% YoY to $69.9M. The company reaffirmed its FY 2021 revenue growth guidance of 0-2%. Leadership changes include CFO Mike Thomson becoming president and COO, succeeding Eric Hutto.
Summary not available.
Unisys Corporation (NYSE: UIS) will release its third-quarter 2021 financial results on November 2, 2021, after the market closes. Following the release, a conference call is scheduled for November 3, from 8:00 - 9:00 a.m. Eastern Time, to discuss the results. Investors can access the call via a live Webcast on the Unisys Investor Website, with a replay available shortly after. Unisys is known for providing IT solutions across various sectors, emphasizing digital workplace, cloud and infrastructure, and cybersecurity solutions.
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.