Unisys

Unisys Corp. is an information technology solutions company that delivers successful outcomes for the most demanding businesses and governments. The firm offers digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions. It operates through the following business segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I), and Enterprise Computing Solutions (ECS). The Digital Workplace Solutions segment provides solutions that transform digital workplaces securely and create exceptional end-user experiences. The Cloud & Infrastructure segment provides solutions that drive modern IT service platforms, cloud applications development, intelligent services, and cybersecurity services. The Enterprise Computing Solutions segment provides solutions that harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments. The company was founded in 1986 and is headquartered in Blue Bell, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Unisys reports solid Q4 earnings, anticipates revenue decline in 2023

Unisys delivered solid financial performance in Q4 2022, with revenue growth and exceeding guidance ranges. While challenges lie ahead with expected revenue declines in 2023, the company is focusing on higher-margin solutions and cost management. Opportunities in expanding cargo services and investing in Next-Gen solutions position Unisys for future growth.

Unisys reports robust Q1 performance, eyes mid-market growth opportunities

Unisys' Q1 2023 showcased strong revenue growth, margin expansion, and pipeline growth. Challenges include market share decline in financial services and caution in certain segments. Opportunities exist in mid-market focus and next-gen solutions.

Unisys surpasses Q2 revenue expectations, focuses on innovation and efficiency

Unisys delivered strong performance in Q2 2023, with a focus on innovation, workforce efficiency, and strategic client relationships. While facing challenges in contract signings and margin decline, the company remains optimistic about revenue guidance and free cash flow improvement. Opportunities lie in expanding the Ex-L&S portfolio and capitalizing on renewals and new client acquisitions.

Unisys reports solid Q3 earnings, eyes growth in technology advancements

Unisys delivered strong financial performance in Q3 2023, with raised guidance and positive revenue trends.
While facing challenges such as low renewals and revenue reversals, the company is leveraging opportunities in technology and client relationships.
Improved cash flow and strategic initiatives position Unisys for future growth and stability in revenue streams.
Overall, Unisys is navigating market dynamics effectively and focusing on sustainable growth strategies.

Unisys reports solid 2023 performance, eyes profitability and cost management

Unisys had a successful year in 2023 with revenue growth and operational improvements, despite reporting a GAAP net loss due to pension actions
The company's focus on client relationships, innovation, and cost management positions it well for future growth and profitability in 2024
Challenges include revenue growth expectations for 2024, sector-specific spending trends, and ongoing pension liability management efforts
Opportunities lie in reducing pension obligations, driving revenue growth through AI demand, and expanding market presence for increased profitability

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Unisys Corp. is an information technology solutions company, which engages in the provision of digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions, and business process solutions. It operates through the following business segments: Digital Workplace Solutions, Cloud, Applications, and Infrastructure Solutions, and Enterprise Computing Solutions. The Digital Workplace Solutions segment provides modern and traditional workplace solutions. The Cloud, Applications, and Infrastructure Solutions segment provides digital platform, applications, and infrastructure solutions. The Enterprise Computing Solutions segment provides solutions that harness continuous high-intensity computing and enable digital services through software-defined operating environments. The company was founded in 1986 and is headquartered in Blue Bell, PA.

Expanded digital workplace services, strategic partnerships and investments in emerging technologies earn global tech company 'leader' title for a second consecutive year BLUE BELL, Pa. , Sept. 25, 2023 /PRNewswire/ -- Unisys  (NYSE: UIS) has been named a leader by prominent management consulting firm Avasant in its Digital Workplace Services 2023 RadarView™ report.

Avasant Recognizes Unisys as a Leader in its Digital Workplace Services 2023 RadarView™ Report

Unisys is recognized for implementing secure hybrid cloud infrastructure at California State University, leading to increased graduation rates and cost savings BLUE BELL, Pa. , Sept. 22, 2023 /PRNewswire/ -- Unisys  (NYSE: UIS) received the Workplace of the Future award, one of the categories in the  2023 ISG Paragon Awards™  North America, sponsored by the leading global technology research and advisory firm, Information Services Group (ISG).

Unisys Wins Workplace of the Future 2023 ISG Paragon Award for North America

BLUE BELL, Pa., Sept. 20, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) announces that the company's Chair and CEO, Peter Altabef, and Dwayne Allen, senior vice president and chief technology officer, will participate in a fireside chat focused on the evolution of AI within IT services at the Virtual Tech Conference Series: Emerging Growth in AI event, presented by Maxim Group LLC.

Unisys Chair and CEO Peter Altabef and Chief Technology Officer Dwayne Allen to Participate at Maxim Group's Emerging Growth in AI Virtual Tech Conference Series

Unisys Corporation provides enterprise computing and cloud infrastructure services to mid-sized and large enterprises worldwide. Client decision delays continue to hinder Unisys' efforts to return to revenue growth. The company's financial position is strong; 2023's expected revenue drop is less than 2022's decline.

Unisys Aims For Next-Gen Solutions Growth And Employee Productivity Gains

ISG recognized Unisys for its robust managed hosting and services work in the U.S. midmarket, U.S. public sector and U.K. midmarket quadrant reports BLUE BELL, Pa. , Aug. 28, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a leader by the global technology research and advisory firm Information Services Group (ISG) in its 2023 ISG Provider Lens™ Private/Hybrid Cloud – Data Center Services quadrant reports.

Information Services Group (ISG) Names Unisys a Leader in Private/Hybrid Cloud-Data Center Services Reports

Global technology company recognized by Forbes for second consecutive year  BLUE BELL, Pa. , Aug. 14, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) has been recognized by Forbes in its 2023 America's Best Employers for Women list.

Best Employers for Women Unveiled: Unisys Makes Top 100

Accomplished executive brings decades of senior legal experience and expertise to Unisys BLUE BELL, Pa. , Aug. 7, 2023 /PRNewswire/ -- Unisys  (NYSE: UIS) announced the appointment of Kristen Prohl as the company's general counsel and chief administrative officer, effective immediately.

Unisys Names Kristen Prohl as General Counsel and Chief Administrative Officer

Unisys Corporation (NYSE:UIS ) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Michaela Pewarski - VP, IR Peter Altabef - Chairman & CEO Debra McCann - EVP & CFO Michael Thomson - COO & President Conference Call Participants Rod Bourgeois - DeepDive Equity Research Joseph Vafi - Canaccord Genuity Anja Soderstrom - Sidoti & Company Arun Seshadri - Crédit Suisse Matthew Galinko - Maxim Group Operator Good day, and welcome to the Unisys Corporation Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Unisys Corporation (UIS) Q2 2023 Earnings Call Transcript

Next-Gen Solutions Drive Strong Growth in Pipeline; Company Reaffirms Full-Year Guidance Revenue decline of 7.4% year over year (YoY), or a decline of 6.3% YoY in constant currency(1) due to anticipated lower License and Support (L&S) renewals Excluding License and Support (Ex-L&S)(14), revenue growth of 4.9% YoY, or growth of 6.5% in constant currency Gross profit margin of 24.3%, down 450 bps, Ex-L&S gross margin of 16.0%, up 560 bps Ex-L&S pipeline(3) growth of 22% YoY and 15% quarter over quarter (QoQ) Next-Gen Solutions(7) pipeline growth of 55% YoY and 25% QoQ BLUE BELL, Pa. , Aug. 1, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) today reported financial results for the second quarter ended June 30, 2023.

Unisys Announces 2Q23 Results

Company earns top score, demonstrating its strong dedication to inclusion and diversity in the workplace BLUE BELL, Pa. , July 27, 2023 /PRNewswire/ -- For the third year in a row, Unisys  (NYSE: UIS) received a top score of 100 in the 2023 Disability Equality Index, demonstrating its commitment to fostering an inclusive workplace.

Unisys Recognized as a "Best Place to Work for Disability Inclusion" on the 2023 Disability Equality Index for Third Consecutive Year

BLUE BELL, Pa. , July 18, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) announces the dates for its second-quarter 2023 financial results and conference call and its participation in an upcoming investor conference.

Unisys Announces Second-Quarter 2023 Financial Results and Conference Call Dates and Participation in Upcoming Investor Conference

Barriers to propelling a new age of business transformation include tension between IT and the C-suite and ethical considerations around AI BLUE BELL, Pa. , June 27, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) released a new report that profiles the role of IT, cloud, and AI as business transformation continues to evolve.

Economic Pressures No Match for Cloud Investment Finds Unisys Research: 65% of Enterprises Plan to Increase Spend in the Next Two Years

BLUE BELL, Pa., June 16, 2023 /PRNewswire/ -- On Thursday, Unisys (NYSE: UIS) hosted their Investor Day in New York City, where close to 50 in-person and virtual attendees learned from Unisys senior leadership about the company's strategic vision, portfolio of enhanced solutions and its multi-year financial targets.

Unisys Investor Day Highlights Strategic Initiatives, Next-Gen Solution Portfolio and Roadmap for Continuous Innovation

From recycling more than 200,000 pounds of end-of-life electronics to board diversity, Unisys remains committed to bold breakthroughs BLUE BELL, Pa. , June 13, 2023 /PRNewswire/ --  Unisys  (NYSE: UIS) announces the release of the company's 2022 Sustainability Report , detailing the progress made in the past year towards achieving the environmental, social, and governance (ESG) goals of the organization.

Unisys Releases 2022 Sustainability Report Highlighting Progress in ESG Performance

Global analyst firm acknowledges Unisys for investment in AI/ML-enabled client journeys and organizational change management focus BLUE BELL, Pa. , June 8, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a leader in the 2023 Cognitive & Self-Healing IT Infrastructure Management report, recently published by global analyst firm NelsonHall.

NelsonHall Recognizes Unisys as a Leader in Cognitive & Self-Healing IT Infrastructure Management Assessment

Unisys annual flagship event in India connects aspiring innovators with business leaders to foster new technology and ideas BENGALURU, India and BLUE BELL, Pa. , May 18, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) announces the winners of the company's annual technical project competition for engineering students in India – the Unisys Innovation Program (UIP).

Unisys Innovation Program (UIP) Announces This Year's Winners

The 2023 HDI Awards honor the 'best of the best' during SupportWorld Live BLUE BELL, Pa. , May 4, 2023 /PRNewswire/ -- Unisys  (NYSE: UIS) has been awarded the HDI Awards for "Best Service and Support Culture" and "Best Service and Support Organization.

Unisys Wins Two HDI Awards for Exceptional Service and Support Teams

The tech sector veteran wowed the market with a sparkling first-quarter earnings report. It notched a powerful beat on the bottom line, and also topped expectations for revenue.

Why Unisys Stock Rocketed Nearly 26% Higher Today

Unisys Corporation (NYSE:UIS ) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Michaela Pewarski – Vice President of Investor Relations Peter Altabef – Chair and Chief Executive Officer Deb McCann – Chief Financial Officer Mike Thomson – Chief Operating Officer Conference Call Participants Rod Bourgeois – DeepDive Equity Research Pallav Saini – Canaccord Genuity Anja Soderstrom – Sidoti Matthew Galinko – Maxim Group Operator Good morning, and welcome to the Unisys Corporation First Quarter 2023 Earnings Call. All participants will be in listen-only mode.

Unisys Corporation (UIS) Q1 2023 Earnings Call Transcript

Unisys Reiterates Full-Year Guidance and Reports Solid First Quarter Results Revenue increased 15.6% year over year (YoY), or 18.9% YoY in constant currency(1) Excluding License and Support (Ex-L&S)(13), revenue increased 1.7% YoY, or 4.6% in constant currency Gross profit of $159.0M vs. $87.4M in 1Q22, an increase of 81.9% YoY Operating profit margin of 9.7%, non-GAAP operating profit(8) margin of 11.6% GAAP net loss of $175.4M and diluted loss per share of $2.58, includes $183.2M non-cash pension settlement charge Non-GAAP net income(10) of $34.7M and Non-GAAP diluted earnings per share of $0.51 Total company pipeline(3) grew 6% YoY and 15% sequentially Next-Gen Solutions (7) pipeline grew 16% YoY and 34% sequentially BLUE BELL, Pa.

Unisys Announces 1Q23 Results

Members of the senior leadership team to present on Unisys strategy and financial objectives BLUE BELL, Pa. , May 1, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) announces that it will host an Investor Day for institutional investors and financial analysts on Thursday, June 15, 2023, at the New York Downtown Marriott in New York City.

Unisys Announces 2023 Investor Day

Company ranked in the top 20 of IT, Internet, Software & Services companies on 2023 list BLUE BELL, Pa. , April 27, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) has been recognized by Forbes in its 2023 America's Best Employers for Diversity List.

Forbes Names Unisys to America's Best Employers for Diversity List

BLUE BELL, Pa. , April 17, 2023 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announces the dates for its first-quarter 2023 financial results and conference call, and its participation in upcoming investor conferences.

Unisys Announces First-Quarter 2023 Financial Results and Conference Call Dates and Participation in Upcoming Investor Conferences

F&G Annuities & Life Inc

This agreement marks the third U.S. retiree buyout since 2021 and reflects continuation of efforts to reduce pension liabilities, volatility and cost while securing retiree pension benefits with highly-rated insurance companies BLUE BELL, Pa. , March 23, 2023 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced it has closed agreements with F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") to purchase group annuity contracts totaling approximately $265 million through which Unisys will transfer projected benefit obligations valued slightly less than this amount related to certain retirees under one of the company's U.S. pension plans to F&G.

Unisys Transfers a Portion of its U.S. Defined Benefit Pension Obligations to F&G Through a nearly $265 Million Annuity Contract

BLUE BELL, Pa. , March 20, 2023 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced its participation in the Sidoti Small Cap Virtual Investor Conference.

News for Unisys Stock (UIS)