Core Insights - Unisys has launched its sixteenth annual Unisys Innovation Program (UIP) aimed at engineering students in India, focusing on emerging technologies such as AI, quantum computing, and IoT [1][2] Group 1: Program Overview - The UIP is a ten-month competition that allows students to learn from Unisys mentors and industry experts, fostering hands-on experience and innovative thinking [1][4] - Registration for the program is open until January 31, 2025, encouraging participation from engineering students across various disciplines [3][4] Group 2: Themes and Focus Areas - This year's UIP will address eight themes, including: - Connected World: Utilizing IoT and Edge computing for real-time processing [2] - Immersive Experiences: Enhancing digital interaction through AR and VR [2] - Innovation Beyond Boundaries: Leveraging interconnected systems for global challenges [2] - Practical AI: Applying Generative AI to improve productivity [2] - Quantum Moves Mainstream: Advancing quantum computing applications [2] - Supercharged Developer: Enhancing software engineering productivity with AI tools [2] - Sustainability Equilibrium: Promoting environmental sustainability through technology [2] - Zero Trust Security: Redefining cybersecurity with a Zero Trust model [2] Group 3: Impact and Vision - The UIP aims to empower the next generation of innovators, shaping them into visionary leaders who can influence India's technological landscape [3]

Core Viewpoint - Johnson Fistel, LLP is investigating potential violations of securities laws by Unisys Corporation and its executives related to misleading disclosures about cybersecurity risks, following SEC charges that led to an 8.6% drop in Unisys shares [1]. Group 1 - Johnson Fistel, LLP is looking into whether Unisys Corporation misrepresented or failed to disclose material adverse information to investors [1]. - The SEC announced charges against Unisys and three other companies for making materially misleading disclosures regarding cybersecurity risks and intrusions [1]. - Following the SEC announcement, Unisys shares experienced a significant decline of over 8.6% [1].

Core Insights - Unisys has been recognized as a leader in all quadrants by Information Services Group (ISG) in its 2024 ISG Provider Lens™ Future of Work Services Report, receiving 30 leader designations across six regions [1][2] Group 1: Leadership Recognition - Unisys achieved leader designations in all seven quadrants, demonstrating its capabilities in enhancing customer and employee experiences through managed services and workplace technology ecosystems [2] - This marks the fifth consecutive year that Unisys has been named a leader in the ISG report [1] Group 2: Service Offerings - Unisys was recognized for its Continuous Productivity Services, which support next-generation workplaces with advanced technology, omnichannel support, and AI insights [2] - The company received accolades in the new quadrants of Workplace Strategy and Enablement Services and Smart and Sustainable Workplace Services, highlighting its focus on optimizing experience, security, and sustainability [2] Group 3: Regional Performance - Unisys received leader designations in the U.S., U.S. Public Sector, Australia, Brazil, Germany, Switzerland, and the U.K., showcasing its strong market presence across these regions [1][2] - The company excels in Managed End-User Technology Services, providing integrated device management and communication services tailored for local and midmarket clients [2]

BLUE BELL, Pa., Oct. 22, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) is excited to announce its participation in the EDUCAUSE Annual Conference 2024, taking place in San Antonio, TX, from Oct. 21 – 24. This leading event brings together executives in the higher education technology sector to network, share ideas and discover innovative solutions to today's challenges."Participating in the EDUCAUSE Annual Conference 2024 is a fantastic opportunity for us to engage with leaders in higher education and together, c ...

Financial Results Announcement - Unisys will release its third quarter 2024 financial results on October 29, 2024, after the close of trading on the New York Stock Exchange [1] - A conference call to discuss the results will be held on October 30, 2024, at 8 a.m. ET [1] Conference Call Details - The conference call will be available via a live, listen-only webcast on the Unisys Investor Website [2] - Domestic callers can dial 1-844-695-5518, while international callers can dial 1-412-902-6749, using the conference passcode: Unisys Corporation Call [2] Webcast Replay Information - A replay of the webcast will be available shortly after the conference call on the Unisys Investor Website [3] - For those who wish to listen to the replay via phone, domestic callers can dial 1-877-344-7529 and international callers can dial 1-412-317-0088, entering access code 8177230 from two hours after the call until November 13, 2024 [3] Company Overview - Unisys is a global technology solutions company that provides services in cloud, data and AI, digital workplace, logistics, and enterprise computing [4] - The company has been assisting clients in pushing boundaries for over 150 years [4]

Core Insights - Unisys has been recognized as a leader in Avasant's Digital Workplace Services 2024 RadarView for the third consecutive year due to its innovative persona-based digital workplace services and focus on enhancing employee experience through AI [1][3] Group 1: Company Strengths - Unisys offers AI-driven digital workplace services that enhance employee experience and boost frontline worker efficiency, integrating generative AI into its Service Experience Accelerator [2] - The company has partnered with Microsoft to provide Microsoft 365 Copilot advisory services and has established a Gen AI factory to improve enterprise search and knowledge management [2] - Unisys is expanding its focus to include human and physical workspaces, utilizing data to drive insights for better business and HR performance [2] Group 2: Partner Ecosystem - Unisys maintains strategic partnerships with platforms like ServiceNow, VMware, and Google to deliver unified endpoint management, omnichannel support, and cybersecurity solutions [2] - These partnerships facilitate access to corporate data from various devices and support bring-your-own-device models, enhancing digital services with a focus on enterprise management solutions [2] Group 3: Industry Trends - The shift from SLA-based pricing models to XLA-based models highlights the importance of linking employee experience to business outcomes [3] - Unisys provides experience-as-a-service solutions that utilize predictive analytics and automation to monitor and measure employee sentiment continuously [3]

Overview of the Recent Transaction - Vanguard Group Inc acquired an additional 263,000 shares of Unisys Corp on September 30, 2024, increasing its total holdings to 6,938,545 shares, reflecting a significant investment in the technology sector [1] - The shares were purchased at a price of $5.68 each, indicating a strategic addition to Vanguard's diverse investment portfolio [1] Vanguard Group Inc: A Profile of Investment Excellence - Founded in 1975, Vanguard Group Inc is a leader in low-cost investing, primarily through mutual funds and ETFs, with a client-owned structure that aligns its interests with investors [2] - The firm manages assets worth trillions and offers a variety of investment products to a broad client base [2] Insight into Unisys Corp - Unisys Corp operates through segments like Digital Workplace Solutions, Cloud, Applications & Infrastructure Solutions, and Enterprise Computing Solutions, with a market capitalization of approximately $388.28 million and a current stock price of $5.60 [4] - The company's stock price closely aligns with its GF Value of $5.37, indicating potential valuation considerations [4] Financial Health and Market Performance of Unisys Corp - Unisys Corp has a GF Score of 66, suggesting moderate future performance potential, but faces challenges in financial strength and profitability [5] - The stock has declined by 1.41% since the transaction date and has seen a significant drop of 98.2% since its IPO, indicating potential risks and areas for turnaround strategies [5] Impact of Vanguard's Investment in Unisys - Vanguard's acquisition represents a strategic move within the technology and financial services sectors, signaling confidence in Unisys' potential for recovery or growth [6] - This investment positions Vanguard to capitalize on potential market shifts within the tech sector [6] Market Trends and Future Outlook - The technology sector is a focal point for investment, with innovations and transformations defining market dynamics [7] - For Unisys, aligning its offerings with emerging tech trends and enhancing operational efficiencies may be key to revitalizing its market position, with Vanguard's investment potentially providing necessary capital [7] Concluding Thoughts on Vanguard's Strategic Move - Vanguard's stock acquisition in Unisys underscores its strategic approach to investment, focusing on potential growth areas within the technology sector [8] - This move diversifies Vanguard's portfolio and positions it to benefit from positive shifts in Unisys Corp's business trajectory [8]

Core Viewpoint - Unisys has shown strong performance in the stock market, significantly outperforming its sector and peers, driven by robust demand for AI and cloud transformation solutions [1][2]. Financial Performance - Unisys shares have returned 37.7% over the past three months, while the Zacks Computer & Technology sector declined by 0.7% [1]. - The company expects revenues for 2024 to grow between negative 1.5% and positive 1.5% in constant currency, with reported revenues anticipated to grow between negative 1.7% and positive 1.3% [3]. - For the third quarter of 2024, Unisys anticipates revenues to grow mid-to-high single digits year-over-year, equating to approximately $485 million to $490 million [6]. Business Segments - The Digital Workplace Solutions (DWS) segment is expected to see strong growth, with new business contract values increasing over 60% in the first half of 2024 [4]. - License and Support (L&S) revenues within the Enterprise Computing Solutions segment are projected to be $375 million for the full year [4]. Cash Flow and Expenditures - Free cash flow for 2024 is expected to be $10 million, with capital expenditures estimated between $85 million and $95 million [5]. Earnings Estimates - The Zacks Consensus Estimate for 2024 earnings is currently at 24 cents per share, a significant improvement from a loss of 28 cents per share over the past 60 days [7]. - The consensus for 2024 revenues is pegged at $2 billion, indicating a growth of 21.51% over the 2023 reported figure [7]. Long-term Prospects - Unisys expects DWS revenues to grow sequentially throughout the second half of 2024 and into 2025, driven by new logo wins [9]. - The company anticipates strong top-line growth and improved efficiency in the DWS business, aiming for an annual gross margin expansion of 150 to 200 basis points through 2026 [10]. Valuation - Unisys shares are currently trading at a low Price/Sales ratio of 0.19X compared to the sector's 6.32X, suggesting the stock is undervalued despite strong growth prospects [11]. - The company is noted for its strong liquidity with no borrowings and no major debt maturities until November 2027 [10]. Investment Sentiment - Unisys is benefiting from strong demand for its solutions and improved gross margins, making it an attractive investment opportunity [12]. - The stock is currently above the 50-day moving average, indicating a bullish trend, and has a Zacks Rank of 1 (Strong Buy) [13].

Core Insights - Unisys is experiencing increased client demand for artificial intelligence (AI), cloud transformation, and a mix of solutions and services in the first half of 2024 [1][2] Business Developments - The company is advancing its AI-enabled solutions and cloud managed services, helping organizations evaluate the return on investment (ROI) for generative AI solutions [2] - Unisys is leveraging AI and machine learning for a major quick-service restaurant to analyze ticket data across eight countries, identifying trends and automating solutions [2] - The company is providing comprehensive IT support services to a prominent U.K. infrastructure and construction company, including service desk support and cloud services [2] - Unisys is delivering digital workplace solutions and cloud services to an Australian public sector department, enhancing its IT approach and citizen impact [2] - The company supports one of the world's largest private trading groups with a full suite of IT services, including service desk assistance for 55,000 end users [2] Cloud Transformation - Unisys is enabling clients to optimize data and application movement in multi-cloud environments, addressing challenges faced by organizations with hybrid cloud strategies [2] - A global Latin American financial services company has entrusted Unisys with transforming its business loan-servicing application to improve scalability and speed [2] - A U.S. state is utilizing Unisys' Digital Identity & Access Management solution to streamline access to citizen-facing services while ensuring security [2] Client Relationships - Clients have highlighted Unisys' commitment to innovation, collaboration, and strategic consultative approach as key factors in their selection of the company for digital transformation [2]

Core Viewpoint - Unisys will participate in the Deutsche Bank Leveraged Finance Conference on September 24 and 25, 2024, with CFO Debra McCann presenting on September 25 at 10 a.m. ET [1] Group 1 - The conference will provide opportunities for one-on-one and small group meetings with Unisys executives [1] - Investors interested in meetings should contact the conference representatives [1] Group 2 - A live webcast and replay of the presentation will be available on the Unisys Investor Website [2] - Unisys is a global technology solutions company that offers services in cloud, AI, digital workplace, logistics, and enterprise computing [3] - The company has been assisting clients in pushing boundaries for over 150 years [3]