BLUE BELL, Pa., Dec. 13, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) will participate in the Needham Growth Conference in New York City. Unisys President and Chief Operating Officer, Mike Thomson, will present in person and host one-on-one and small group meetings with investors on January 14, 2025 at 8:45 a.m. ET. Other members of executive management will also host virtual investor meetings during the conference on January 16-17, 2025. On April 1, 2025, Mike Thomson, 56, will succeed Peter Altabef, 65, CEO si ...

Core Insights - Unisys released a report titled "Top IT Insights for 2025: Navigating the Future of Technology and Business," identifying eight key trends that will reshape enterprise technology [1] - The report emphasizes aligning technology with business demands, environmental sustainability, and regulatory compliance to secure long-term success [2] AI and Natural Language Interfaces - The next wave of AI will focus on intuitive, voice-driven interfaces, enabling organizations to integrate conversational AI, explore voice and gesture interfaces, and automate workflows using natural language [3] AI Models and Edge Computing - Smaller, specialized AI models combined with edge computing are expected to outperform larger models in business applications, reducing costs, improving latency, and enhancing security [4] Hybrid Cloud Strategies - Rising cloud costs are driving a shift toward hybrid cloud approaches, with organizations evaluating cloud costs against business value and developing clear migration criteria to optimize resources [5] Quantum-Safe Cryptography - The emergence of quantum computing necessitates the adoption of post-quantum cryptography standards to protect data from future quantum threats [6] Talent and AI Adoption - Entry-level workers with digital fluency are valuable for AI implementation, and organizations should prioritize hiring young talent, offering AI training, and creating mentorship programs [7] Hybrid Work Models - A three-day hybrid work model is becoming the new standard, enhancing productivity and flexibility while requiring companies to strengthen remote engagement tools and design collaborative office spaces [8] Energy-Efficient AI - Sustainable AI practices, including monitoring energy usage and adopting efficient architectures, can differentiate companies and reduce environmental impact [9] AI Compliance and Localization - Companies must adapt to diverse global data regulations by establishing governance frameworks, complying with regional data rules, and providing clear AI usage guidelines [10] About Unisys - Unisys is a global technology solutions company offering cloud, AI, digital workplace, logistics, and enterprise computing solutions to help organizations unlock their full potential [11]

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, ...

The company earns milestone recognition for its outstanding strategy and deployment of AI solutionsBLUE BELL, Pa., Dec. 3, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a global leader by Information Services Group (ISG) in its 2024 Provider Lens™ report for Generative AI Services. This prestigious acknowledgment highlights Unisys' exceptional capabilities in two of the report's quadrants: Strategy and Consulting for Mid-Size Providers and the Deployment and Development Services for Mid-Size Provid ...

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 ...