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 ...

Unisys Corporation (UIS) is set to release its third-quarter 2024 results on Oct. 29.For the third quarter of 2024, Unisys expects revenues to grow mid-to-high single digits on a constant currency year-over-year basis, which equates to roughly between $485 million and $490 million.The Zacks Consensus Estimate for revenues is pegged at $489 million, suggesting growth of 5.25% year over year. The consensus estimate for third-quarter loss is pegged at 4 cents per share, unchanged over the past 60 days.UIS’ ear ...

NEW YORK, Oct. 24, 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. ...

Core Viewpoint - Unisys (UIS) is currently undervalued in the Zacks Computer & Technology sector, with a strong Value Score of A and a forward 12-month Price/Sales (P/S) ratio of 0.19X, significantly lower than the sector average of 6.14X [1][3] Group 1: Financial Performance and Valuation - UIS stock is trading at a discount compared to peers like Accenture (3.33X), CyberArk (11.04X), and CoStar Group (9.71X) [1] - The Zacks Consensus Estimate for 2024 earnings is 24 cents per share, with a steady estimate for the third-quarter loss at 4 cents per share [7] - Unisys shares have returned 99% over the past 12 months, outperforming the sector's 46.7% and the industry's 35.1% [8] Group 2: Business Prospects and Growth Drivers - Unisys is experiencing strong demand for AI and cloud transformation, with new business signings increasing by 25% year-over-year in the first half of 2024 [4] - The company has a backlog of $2.8 billion, up 4% year-over-year, indicating robust future revenue potential [4] - Digital Workplace Solutions (DWS) revenues are expected to grow sequentially in the second half of 2024 and into 2025, driven by new logo wins [4] Group 3: Revenue Guidance and Expectations - For 2024, Unisys expects revenues to grow between negative 1.5% and positive 1.5% in constant currency, with DWS showing strong growth potential [6] - License and Support (L&S) revenues are projected to average $370 million from 2024 to 2026, with expectations of $375 million for the full year [5][6] - Free cash flow for 2024 is anticipated to be $10 million, with capital expenditures between $85 million and $95 million [6] Group 4: Market Position and Sentiment - Unisys has been recognized as a leader in the Future of Work Services Report by Information Services Group (ISG) and Avasant's Digital Workplace Services 2024 RadarView [4] - The stock is currently trading above the 200-day moving average, indicating a bullish trend [8][9] - UIS holds a Zacks Rank 2 (Buy), reflecting positive market sentiment [9]

ATLANTA, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Unisys Corporation (“Unisys” or the “Company”) (NYSE: UIS) complied with federal securities laws. On October 22, 2024, the SEC announced charges against Unisys for “making materially misleading disclosures regarding cybersecurity risks and intrusions. The SEC also charged Unisys with disclosure controls and procedures violations.” Following this news, the price of the Company’s stock dropped.  If you purchased Unisys st ...

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]