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 ...

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 ...