Thomson to succeed Peter A. Altabef, effective April 1, 2025 Altabef, CEO since 2015, to remain as Chair of the Board BLUE BELL, Pa., Dec. 5, 2024 /PRNewswire/ -- The Unisys (NYSE: UIS) Board of Directors announced today that it unanimously elected Mike Thomson, current President and Chief Operating Officer at Unisys, to succeed Peter Altabef as the company's CEO, effective April 1, 2025. Also, effective April 1, Thomson will join the company's Board and will retain his current title as President. Altabef, ...

Core Insights - Unisys has been recognized as a global leader in the 2024 Provider Lens™ report for Generative AI Services by Information Services Group (ISG), particularly excelling in Strategy and Consulting for Mid-Size Providers and Deployment and Development Services for Mid-Size Providers [1] Group 1: Company Recognition - The recognition highlights Unisys' exceptional capabilities in AI solutions, showcasing its leadership in the industry [1][2] - Unisys aims to assist organizations in navigating digital transformation through innovative AI solutions [2] Group 2: Key Strengths - Comprehensive and Innovative Offerings: Unisys provides a range of services including machine learning operations (MLOps), virtual assistants, and creative tools, demonstrating adaptability and innovation in AI integration [2] - Application Modernization: The company employs AI-enabled techniques to enhance legacy systems, improving code conversion and streamlining testing and documentation [2] - Focus on Responsible AI and Collaboration: Unisys emphasizes ethical AI practices and collaborates with various stakeholders to ensure alignment with societal values [2] - Multilingual and Tailored Solutions: The expansion of its portfolio includes multilingual models and retrieval-augmented techniques, catering to diverse client needs [2] - Efficiency-Led Practices: Unisys utilizes a well-architected framework and finance operations (FinOps) practices to enhance financial and architectural efficiency [2] Group 3: Industry Impact - Unisys is reshaping business futures through generative AI solutions that focus on next-generation productivity and industry-specific use cases [3] - Strong partnerships and industry expertise enable businesses to leverage generative AI while ensuring data privacy, security, and compliance [3]

Celebrated for its winning culture and commitment to employee growth, Unisys empowers itsengineers to excelBLUE BELL, Pa., Nov. 25, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) is excited to announce that Forbes has recognized the company as one of America's Best Employers for Engineers in 2025. The demand for engineers is at an all-time high, and this new list from Forbes is designed to help engineers match their skill sets with the right employers. Unisys has a vibrant culture and is committed to ensuring empl ...

NEW YORK, Nov. 23, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: UIS) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. So What: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

Global technology solutions company enhances workplaces with innovative AI-driven insights and experience-centric transformationsBLUE BELL, Pa., Nov. 19, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a leader in Everest Group's Digital Workplace Services PEAK Matrix® Assessment 2024 – Mid-market Enterprises. Highlighted in the report are the company's strong capabilities in workplace consulting and analytics-driven transformations for mid-market enterprises seeking experience-centric solutions.The ...

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Unisys Corporation ("Unisys" or "the Company") (NYSE: UIS). Investors who purchased Unisys securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/UIS. Investigation Details On October 22, 2024, the Securities and Exchange Commission announced that it had charged four compani ...

Financial Data and Key Metrics Changes - Third quarter revenue was $497 million, an increase of 7% year-over-year or 8.2% in constant currency [34] - Non-GAAP operating profit margin was 9.9%, up from 0.1% in the prior period [48] - Third quarter gross profit was $145 million, with a gross margin of 29.2%, compared to 20.5% in the prior year [43] Business Line Data and Key Metrics Changes - Digital Workplace Solutions (DWS) revenue was $131 million, a 7.1% decline year-over-year, primarily due to lower discretionary volume [37] - Cloud, Applications and Infrastructure Solutions (CA&I) revenue was $132 million, a 1.5% decline year-over-year [38] - Enterprise Computing Solutions (ECS) revenue was $158 million, an increase of 29.2% year-over-year, with License and Support revenue within ECS increasing by 57% [39][40] Market Data and Key Metrics Changes - New business Total Contract Value (TCV) grew 50% year-over-year and is up 32% year-to-date [10] - Backlog increased to $2.8 billion, up 18% year-over-year [42] - Total pipeline grew 9% sequentially, with positive growth in all geographic regions [16] Company Strategy and Development Direction - The company is focusing on enhancing operational efficiency and delivery, with expectations for further gross margin expansion [45] - There is a strong emphasis on AI-enabled solutions across all segments, with over 120 active AI projects [20] - The company is committed to long-term growth in its License and Support business, with a roadmap for modernization and cloud enablement [74] Management's Comments on Operating Environment and Future Outlook - Management raised full-year non-GAAP operating margin guidance and improved outlook for 2024 free cash flow [8] - The company expects continued demand for its services, particularly in the public sector and financial services [12][14] - Management expressed confidence in the long-term viability of the DWS segment despite current market challenges [96] Other Important Information - Free cash flow was $14 million in the quarter, compared to negative $26 million in the prior year [54] - The company has strengthened its liquidity position by obtaining a 2-year extension on its ABL facility [57] - The trailing 12-month book-to-bill ratio is 1.2x for both the total company and Ex-L&S Solutions [42] Q&A Session Summary Question: L&S revenue outlook - Management indicated that the increase in L&S revenue outlook is due to strong pricing power and consumption levels, with no expected pull from future revenues [66][70] Question: Discretionary volumes in DWS - Management acknowledged a decline in discretionary volumes but remains optimistic about long-term contracts and future growth in the DWS segment [77][82] Question: New TCV signings and renewal dynamics - Management confirmed that new TCV signings are primarily for longer-term contracts, with strong renewal rates above 95% [89][90] Question: Goodwill impairment for DWS - The impairment was triggered by economic and industry dynamics affecting client signings, but management remains positive about the DWS market [96] Question: Margin expansion in Ex-L&S - Management expects margin expansion to be driven by value-added solutions, delivery efficiencies, and reduced SG&A expenses [98][100]

73% of executives believe AI adoption is critical for long-term competitiveness BLUE BELL, Pa., Oct. 30, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) released a new report that shows employees and employers alike believe AI positively affects their work environment. The study surveying respondents from four countries highlights the transformative impact of AI on job satisfaction, productivity and career progression, underscoring its growing importance on organizational strategies. Unisys' new research, "The AI E ...

Unisys (UIS) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this information technology service provider would post a loss of $0.37 per share when it actually produced earnings of $0.16, delivering a surprise of 143.24%.Over the last four quarters, ...

Unisys Continues Strong New Business(6) Signings and Raises Profitability Guidance Revenue growth of 7.0% year over year (YoY), an 8.2% increase in constant currency(1) Gross profit margin of 29.2%, up 870 bps YoY; Excluding License and Support (Ex-L&S)(15) gross profit margin of 17.9%, up 390 bps YoY Operating profit margin of 1.5 %, up 520 bps YoY; non-GAAP operating profit(8) margin of 9.9 %, up 980 bps YoY Cash provided by operations of $32.0 million, compared to cash used for operations of $(4.1) milli ...