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.
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.
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.