Unisys Stock Price, News & Analysis

Unisys Corporation (NYSE: UIS) announced a major multi-phase project with the State of Nevada's Department of Public Safety to modernize the Nevada Criminal Justice Information System (NCJIS). This initiative aims to enhance law enforcement and public safety through upgraded information handling and improved background check processes. The project leverages Unisys' CloudForte® and Law Enforcement Message Switch solutions, with support from Diverse Computing, Analysts International, and Tailored Solutions. The primary applications will be hosted on the Microsoft Azure Government Cloud.

Unisys Corporation (NYSE: UIS) reported its second-quarter 2020 results with a revenue of $438.8 million, a 22.9% decrease from $569.4 million year-over-year, attributed mainly to COVID-19 impacts and the timing of ClearPath Forward contract renewals. Operating profit margin fell to (1.9%) from 9.3% in the previous year. Non-GAAP operating profit margin was at 0.2%, down from 9.8%. Net loss reached $76.5 million, with a diluted EPS of ($1.21). The company maintains its full-year revenue expectations unchanged at a 10% decline year-over-year, while services gross profit margin improved sequentially to 15.5%.

Unisys Corporation (NYSE: UIS) announced enhancements to its CloudForte multi-cloud and application optimization platform on August 3, 2020. The upgrades include CloudForte Navigator 2.0, which offers framework modernization and application migration guidance, and CloudForte Cloud Management Platform 2.0, now incorporating Morpheus Data for better cloud management. Additionally, CloudForte Accelerators 1.0 facilitate AWS and Azure cloud deployments. These enhancements aim to improve cost, security, and performance for organizations transitioning to multi-cloud environments.

Unisys Corporation (NYSE: UIS) announced that Michael M. Thomson, its CFO, has been honored with the '2020 CFO of the Year' award by the Philadelphia Business Journal. Thomson has been pivotal in leading Unisys's Global Finance organization since April 2019, achieving significant financial growth, including a 6.1% increase in non-GAAP adjusted revenue for 2019. Additionally, he successfully managed the sale of Unisys' U.S. Federal business to SAIC, enhancing the company's capital structure by reducing net debt by over $1 billion and addressing $600 million in pension contributions.

Unisys Corporation (NYSE: UIS) will announce its second-quarter 2020 financial results on August 4, 2020, after the NYSE trading close. A conference call to discuss these results will take place from 5:00 – 6:00 p.m. Eastern Time that same day. Interested parties can listen to the call via a live Webcast on the Unisys Investor Website, where a replay will also be available shortly after. Unisys provides security-centric IT solutions for various sectors including government and financial services.

Unisys Corporation (NYSE: UIS) announced the launch of its latest biometric identity management solutions, including Stealth(identity)™ Software-as-a-Service (SaaS) 2.0 and Stealth(identity) 2.7. These offerings enhance security against identity fraud by establishing irrefutable identities across multiple channels, particularly crucial during the COVID-19 pandemic, which saw a rise in fraud cases. The solutions offer scalability and flexibility for enterprises, supporting various biometric modalities like fingerprint and facial recognition. This approach aims to simplify security policies while leveraging existing infrastructure.

Unisys Corporation (NYSE: UIS) announced a partnership with cybersecurity firm Foregenix to integrate Unisys Stealth^® security solutions across Australia, New Zealand, and the South Pacific. This collaboration aims to enhance network security through a software-defined perimeter that implements a Zero Trust environment. Stealth, recently recertified by the U.S. National Information Assurance Partnership, is designed to protect critical data and improve compliance while reducing costs and complexity for organizations.

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Unisys Corporation (NYSE: UIS) has retained its membership in the AWS Managed Service Provider Partner Program for the third consecutive year, and has achieved AWS Well-Architected Partner status. These recognitions, confirmed through rigorous audits, highlight Unisys' capabilities in cloud management and digital transformation via its CloudForte® solution. This validates Unisys' expertise in providing secure, high-performance services that enhance operational excellence, security, and cost efficiency. The renewal process for the AWS MSP was effective April 24, with a full audit scheduled for 2021.