Core Viewpoint - Unisys Corporation plans to offer $700 million in Senior Secured Notes and simultaneously initiate a cash tender offer for its existing $485 million Senior Secured Notes, aiming to improve its financial structure and address long-term liabilities [1][2]. Group 1: Offering Details - The offering of Senior Secured Notes will be conducted through a private offering to qualified institutional buyers and certain persons outside the U.S. under the Securities Act [1]. - The company intends to use the net proceeds from the offering, along with cash on hand, to finance the Tender Offer and related expenses, redeem remaining Existing Notes, fund pension deficits, and for general corporate purposes [2]. Group 2: Tender Offer and Consent Solicitation - The Tender Offer includes soliciting consents to amend the existing indenture of the Existing Notes, aiming to eliminate restrictive covenants and certain events of default [1]. - The Tender Offer and Consent Solicitation are contingent upon the successful completion of the Senior Secured Notes offering and other customary conditions [5]. Group 3: Security and Guarantees - The Senior Secured Notes will be guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of Unisys and its subsidiary guarantors [3]. - The guarantees will include a pledge of 100% of the capital stock of each first-tier domestic and foreign subsidiary [3]. Group 4: Regulatory Considerations - The Senior Secured Notes have not been registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [4].

Group 1 - Unisys has been recognized as one of the Global Top 100 Most Loved Workplaces® by Newsweek for the second consecutive year, climbing 24 places to rank 74 in 2025 [1] - The recognition reflects Unisys's commitment to fostering a dynamic workplace culture that emphasizes exploration, experimentation, agility, and ownership among employees [1] - Employee satisfaction and engagement are highlighted as key factors, with survey data indicating high levels of respect, collaboration, support, and a sense of belonging within the company [2] Group 2 - The Most Loved Workplaces® initiative, backed by the Best Practices Institute, surveyed over 175 companies and more than 3,000 executives, revealing that increased employee sentiment correlates with higher productivity [3] - Findings show that 94% of respondents reported being more productive at companies they loved, and 95% indicated they stayed at such companies three to four times longer [3]

Gorilla Technology (NASDAQ: GRRR ), a two-decade old entity that leverages AI, edge computing, and deep learning, to provide technology solutions for clients around various industries (mainly government, logistics, transport, retail, hospitality, etc.) around the globe (although its servicing roots areAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article mys ...

Group 1 - Unisys will participate in the East Coast IDEAS Conference on June 11, 2025, with CEO Mike Thomson presenting at 8:35 a.m. EDT [1] - Investors can schedule meetings with Unisys executives through their conference representatives, and a live webcast 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, aiming to help clients unlock their full potential [3]

Company Overview - NORBIT ASA is a global provider of tailored technology aimed at solving challenges and promoting sustainability through innovative solutions, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [4] - The Oceans segment focuses on delivering technology solutions to global maritime markets, while the Connectivity segment provides wireless solutions for identification, monitoring, and tracking [4] - The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers [4] - NORBIT is headquartered in Trondheim, has manufacturing facilities in Europe and North America, employs around 600 people, and operates a worldwide sales and distribution platform [4] Recent Share Transaction - Petors AS, wholly owned by Per Jørgen Weisethaunet, CEO of NORBIT ASA, sold 153,000 shares in NORBIT ASA at an average price of NOK 193.23 per share for tax-related purposes [1] - Prior to the sale, Petors AS held 7,129,944 shares, representing 11.1% of NORBIT's outstanding shares; after the transaction, it holds 6,976,944 shares [2] - Weisethaunet and closely associated persons now hold a total of 6,986,157 shares, approximately 10.93% of the company's outstanding shares [2]

Core Insights - ePlus inc. reported improved gross profit and gross margin for the fourth quarter and full year of fiscal year 2025, with double-digit growth in earnings per share (EPS) for the fourth quarter [3][4][13] Financial Performance - For the fourth quarter ended March 31, 2025, consolidated net sales decreased by 10.2% to $498.1 million from $554.5 million, while technology business net sales decreased by 10.4% to $487.2 million [5][8] - Consolidated gross profit increased by 11.8% to $145.8 million, with a gross margin of 29.3%, compared to 23.5% in the previous year [10][8] - Net earnings rose by 14.6% to $25.2 million, and diluted EPS increased by 15.9% to $0.95 [13][8] Yearly Overview - For the fiscal year ended March 31, 2025, consolidated net sales decreased by 7.0% to $2,068.8 million from $2,225.3 million, with technology business net sales down by 7.7% to $2,009.1 million [14][19] - Consolidated gross profit for the year increased by 3.3% to $569.1 million, with a gross margin of 27.5%, up from 24.8% in fiscal year 2024 [19][21] - Net earnings for the fiscal year decreased by 6.7% to $108.0 million, with diluted EPS down by 6.5% to $4.05 [21][22] Segment Performance - Professional service revenues increased by 48.4% in the fourth quarter to $60.4 million, primarily due to the acquisition of Bailiwick Services, LLC [7][4] - Managed service revenues grew by 16.6% to $44.5 million, driven by growth in Enhanced Maintenance Support and Cloud services [8][17] - The financing business segment saw net sales increase by 4.9% to $10.9 million, attributed to higher transactional gains and portfolio earnings [9][41] Operational Highlights - Operating expenses increased by 9.6% to $111.0 million, mainly due to higher salaries and benefits from increased headcount [11][20] - The company’s headcount rose to 2,199, up by 299 from the previous year, largely due to the acquisition of Bailiwick Services, LLC [11][20] - Cash and cash equivalents as of March 31, 2025, were $389.4 million, up from $253.0 million a year earlier [23][20] Strategic Outlook - ePlus is initiating fiscal year 2026 guidance for net sales growth in low single digits, with gross profit and adjusted EBITDA expected to grow in the mid-single digits [24][25] - The company remains focused on evolving its service and product offerings, particularly in fast-growing areas such as AI, cloud, security, and networking [25][4]

Core Insights - CSP Inc. (CSPI) experienced a 6% decline in shares following the earnings report for Q2 fiscal 2025, contrasting with a 1.4% gain in the S&P 500 index during the same period [1] - Revenue for the quarter was reported at $13.1 million, a decrease of 4.1% from $13.7 million year-over-year, primarily due to a 74% drop in the High Performance Products (HPP) segment [2] - The company reported a net loss of $108,000, or 1 cent per diluted share, compared to a net income of $1.6 million, or 16 cents per diluted share, in the same quarter last year [3] Revenue and Profitability - Gross profit fell to $4.2 million from $6.5 million, with gross margin narrowing to 32% from 47% [4] - The HPP segment's gross margin decreased to 57% from 86%, while the Technology Solutions (TS) segment's gross margin declined to 31% from 39% [4] - Operating loss was reported at $994,000, compared to operating income of $1.2 million in the same quarter last year [5] Balance Sheet and Capital Allocation - As of March 31, 2025, CSP held $29.5 million in cash and cash equivalents, repurchased approximately $384,000 worth of common stock, and declared a quarterly dividend of 3 cents per share [6] Management Commentary - CEO Victor Dellovo noted that revenue performance was in line with internal expectations, highlighting a modest increase in product sales and a dip in service revenue due to the absence of a repeat multi-million-dollar contract [7] - CFO Gary Levine attributed gross margin compression to higher component costs and the lack of a high-margin sale from the previous year [8] Factors Influencing Performance - The significant revenue drop in the HPP segment was due to the absence of a large ARIA AZT PROTECT order that had boosted last year's results [9] - Foreign exchange losses of $132,000 and a $64,000 decrease in interest income also contributed to the net loss [10] Future Outlook - Management expressed confidence in the AZT PROTECT pipeline and ongoing investments in marketing and reseller partnerships, with an expanding backlog of cloud-based projects [11] - A new reseller partnership with Rexel USA and a significant agreement with Oryx Industries in South Africa were announced, potentially leading to growth in cybersecurity protection for cell towers [12] - Overall, CSP faced challenges in Q2 but is positioned for potential growth in the latter half of fiscal 2025, largely dependent on the success of its AZT PROTECT offerings [13]

Core Insights - NORBIT reported Q1 2025 revenues of NOK 521.7 million, a 29% increase from Q1 2024, with an EBIT of NOK 127.4 million and a margin of 24% [1] - Diluted earnings per share rose to NOK 1.40 from NOK 0.50 year-over-year [1] - The company is optimistic about its 2025 revenue target of NOK 2.2 – 2.3 billion, expecting an improved EBIT margin compared to the previous year's 20% [3] Business Segments Performance - The Oceans segment achieved revenues of NOK 232.7 million, a 92% increase from Q1 2024, with an EBIT margin of 35% [7] - The Connectivity segment reported revenues of NOK 145.9 million, consistent with Q1 2024, and an EBIT margin of 28% [7] - The Product Innovation & Realization segment saw an 11% revenue growth to NOK 160.6 million, with an EBIT margin of 14% [7] Strategic Positioning - NORBIT emphasizes its market-driven innovation and strong operational foundation to meet growing demand across all business segments [2] - The company is focused on strategic investments in capacity and competence to capitalize on growth opportunities [2] - NORBIT operates in three key segments: Oceans, Connectivity, and Product Innovation & Realization, addressing specific market needs [4]

Core Insights - Unisys Corporation reported a significant increase in new business signings, with an over 80% year-over-year growth, indicating strong demand for its innovative solutions [3][6] - The company achieved solid profitability results in the first quarter of 2025, with a focus on improving efficiency and enhancing free cash flow [3][6] - Despite a decline in overall revenue, Unisys reiterated its full-year financial guidance, expecting constant currency revenue growth and a path to exceed profitability guidance [3][16] Financial Performance - Total revenue for 1Q25 was $432.1 million, down 11.4% from $487.8 million in 1Q24, with a constant currency decline of 8.5% [5][6] - Excluding License and Support (Ex-L&S) revenue, the total was $361.0 million, reflecting an 8.5% year-over-year decrease [5][6] - Gross profit margin decreased to 24.9% from 27.9% year-over-year, primarily due to the timing of software license renewals [5][8] Segment Results - Digital Workplace Solutions (DWS) revenue declined 10.4% year-over-year to $118.6 million, with a gross profit margin of 14.2% [9][10] - Cloud, Applications & Infrastructure Solutions (CA&I) revenue decreased 6.3% year-over-year to $176.6 million, maintaining a gross profit margin of 19.5% [9][10] - Enterprise Computing Solutions (ECS) revenue fell 14.8% year-over-year to $118.7 million, with a gross profit margin of 47.7% [11][10] Cash Flow and Balance Sheet - Cash provided by operations increased to $33.3 million from $23.8 million in 1Q24, while free cash flow improved to $13.2 million from $3.9 million [12][6] - The company reported cash and cash equivalents of $393.1 million as of March 31, 2025, up from $376.5 million at the end of 2024 [12][40] Guidance and Outlook - Unisys reiterated its full-year 2025 revenue growth guidance in constant currency, projecting a growth range of 0.5% to 2.5% [16] - The company expects non-GAAP operating profit margin to be between 6.5% and 8.5% for the full year [16]

Panel discussion details: Unisys has been proactively working with businesses to address rising security gaps posed by emerging technologies like AI and quantum computing. Recently, the company launched its first post-quantum cryptography service to help organizations defend against future quantum threats. To learn more about Avasant's Empowering Beyond events, click here. About Unisys BLUE BELL, Pa., April 29, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) has announced its participation in Avasant's Empowering B ...