Unisys Expects 2024 Revenue Growth in Constant Currency (1.5)%-1.5% Vs $2B Est

2/21/24 7:16:19 AM ET

$UIS

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2024 Financial Guidance

The company has issued full-year 2024 revenue growth and profitability guidance:

	Guidance
Revenue growth in constant currency	(1.5)% to 1.5%
Non-GAAP operating profit margin	5.5% to 7.5%

Constant currency revenue guidance implies (1.0)% to 2.0% revenue growth as reported, based on recent exchanges rates, and assumes Ex-L&S full-year revenue growth of 1.5% to 5.0% and L&S revenue of approximately $375 million.

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Recent Analyst Ratings for
$UIS

Date	Price Target	Rating	Analyst
2/24/2023		Buy → Hold	Maxim Group
11/9/2022		Market Outperform → Market Perform	CJS Securities
11/9/2022	$20.00 → $5.00	Buy → Hold	Canaccord Genuity
9/15/2021	$35.00	Buy	Maxim Group
8/4/2021		Hold → Buy	Canaccord Genuity

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Unisys Research Debunks AI Fears: 71% of Employees Report Enhanced Job Satisfaction and Career Growth
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 Equation: 2024 AI Business Impact Research", reveals that 71% of employe
10/30/24 9:30:00 AM ET
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Unisys Announces 3Q24 Results
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 YoYOperating profit margin of 1.5 %, up 520 bps YoY; non-GAAP operating profit(8) margin of 9.9 %, up 980 bps YoYCash provided by operations of $32.0 million, compared to cash used for operations of $(4.1) million for the third quarter of 2023 (3Q23), and free cash flow(11) of $14.2 million compared to $(25.7) million for 3Q23New Business Total Contract Value (TCV)(4) increased 50% YoY driven by m
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Unisys Opens Registration for Its 16th Annual Unisys Innovation Program
The program's next cycle will focus on emerging technologies such as artificial intelligence (AI), quantum computing, and the internet of things (IoT) BENGALURU, India and BLUE BELL, Pa., Oct. 24, 2024 /PRNewswire/ -- Unisys (NYSE:UIS) has opened registration for its sixteenth annual Unisys Innovation Program (UIP), the company's flagship technical project competition for engineering students in India. The ten-month program provides aspiring innovators the opportunity to learn hands-on from Unisys mentors, subject matter experts, and other leaders before entering the workforce. Program participants will work collaboratively to think outside the box and develop cutting-edge solutions that hav
10/24/24 12:00:00 PM ET
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Cellebrite Appoints Tech Veteran Troy K. Richardson to Board of Directors
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier digital investigative solutions for the public and private sectors, announced today that Troy Richardson has joined its board of directors, effective August 13, 2024. Mr. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (NYSE:UIS) Board of Directors and previously served as a Director of the Board for Carestream Dental. Mr. Richardson was president of the Digital Thread group at PTC Inc. (NASDAQ:PTC) from 2021 until 2022
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Unisys Names Ruchi Kulhari as Senior Vice President and Chief Human Resources Officer
Accomplished executive brings significant senior human resources experience and expertise to Unisys BLUE BELL, Pa., April 3, 2024 /PRNewswire/ -- Unisys (NYSE:UIS) announced the appointment of Ruchi Kulhari as the company's senior vice president and chief human resources officer, effective immediately. She will report to Unisys Chair and CEO Peter Altabef. "As an information technology solutions company in an ever-evolving, fast-paced industry, our CHRO is a critical role for us, as recruiting, retaining, developing, and transforming our workforce to meet the needs of our clie
4/3/24 12:00:00 PM ET
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Unisys Names Kristen Prohl as General Counsel and Chief Administrative Officer
Accomplished executive brings decades of senior legal experience and expertise to Unisys BLUE BELL, Pa., Aug. 7, 2023 /PRNewswire/ -- Unisys (NYSE:UIS) announced the appointment of Kristen Prohl as the company's general counsel and chief administrative officer, effective immediately. She will report to Unisys Chair and CEO Peter Altabef. "As an information technology solutions company in an ever-evolving, fast-paced industry, our general counsel and chief administrative officer is a critical role," said Unisys CEO Peter Altabef. "Prohl's deep experience and her proven leadership abilities make her an exceptional addition to our senior leadership team." Prohl brings more than 20 years of lega
8/7/23 12:00:00 PM ET
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Unisys Transfers $200M of its US Defined Benefit Pension Obligations to F&G Through the Purchase of Group Annuity Contracts
Unisys (NYSE:UIS) today announced it closed agreements with F&G Annuities & Life, Inc. ("F&G") on March 28th to purchase group annuity contracts totaling almost $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. qualified pension plans to F&G. As part of the transfer, F&G's insurance subsidiaries, Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, will assume responsibility for pension benefits for approximately 3,800 retirees and beneficiaries with monthly benefits lower than certain thresholds. There will be no changes
4/1/24 7:05:06 AM ET
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Why International Flavors & Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Shares of International Flavors & Fragrances Inc. (NYSE:IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share. International Flavors & Fragrances shares dipped 8.4% to $75.11 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers Greenbrook TMS Inc. (NASDAQ:GBNH) climbed 120.8% to $0.4351. Greenbrook TMS raised $2.5 million in debt financing. Emergent BioSolutions Inc. (NYSE:EBS) gained 84% to $2.8050. Emergent BioSolutions appointed Joseph Papa as President and CEO, effective Feb. 21, 2024. Ventyx Biosciences, Inc. (NASDAQ
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Why IT Company Unisys Shares Are Diving Today
Unisys Corporation (NYSE:UIS) shares are slumping on Wednesday. The company reported fourth-quarter adjusted earnings per share of 51 cents, smashing the street view of 20 cents. Quarterly revenues of $557.60 million beat the analyst consensus of $535.27 million. Fourth quarter revenue was up 0.1% year over year; however, it marked a decline of 2.1% in constant currency. Digital Workplace Solutions’ revenue increased 8.9% year over year, driven by new business with existing clients. Cloud, Applications & Infrastructure Solutions revenue increased 0.1% year over year, a 0.5% decline in constant currency. Enterprise Computing Solutions revenue declined in the fourth quarter 10.
2/21/24 12:34:30 PM ET
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Unisys Announces 3Q24 Results
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 YoYOperating profit margin of 1.5 %, up 520 bps YoY; non-GAAP operating profit(8) margin of 9.9 %, up 980 bps YoYCash provided by operations of $32.0 million, compared to cash used for operations of $(4.1) million for the third quarter of 2023 (3Q23), and free cash flow(11) of $14.2 million compared to $(25.7) million for 3Q23New Business Total Contract Value (TCV)(4) increased 50% YoY driven by m
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Unisys Announces Dates of Third-Quarter 2024 Financial Results and Conference Call
BLUE BELL, Pa., Oct. 14, 2024 /PRNewswire/ -- Unisys (NYSE:UIS) announced it will release its third-quarter 2024 financial results on Tuesday, October 29, 2024, after the close of trading on the New York Stock Exchange. Unisys will host a conference call with the financial community on Wednesday, October 30, 2024, at 8 a.m. ET to discuss the results. The company will offer a live, listen-only webcast of the conference call on the Unisys Investor Website at www.unisys.com/investor. In addition, domestic callers can dial 1-844-695-5518 and international callers can dial 1-412-90
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Unisys Announces 2Q24 Results
Unisys Continues Strong Momentum in New Business(6) Signings and Reiterates Full-Year Guidance Revenue growth of 0.3% year over year (YoY), a 0.5% increase in constant currency(1); Excluding License and Support (Ex-L&S)(15) revenue was flat YoY, a 0.1% increase in constant currencyGross profit margin of 27.2%, an improvement of 290 bps YoY; Ex-L&S gross profit margin of 18.7%, an increase of 270 bps YoYOperating profit margin of 4.9 %; non-GAAP operating profit(8) margin of 6.1 %New Business Total Contract Value (TCV)(4) increased 64% YoY and 17% quarter-over-quarter (QoQ) driven by more than doubling of new logo signings in both YoY and QoQBLUE BELL, Pa., Aug. 5, 2024 /PRNewswire/ -- Unisys
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Unisys Expects 2024 Revenue Growth in Constant Currency (1.5)%-1.5% Vs $2B Est

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Recent Analyst Ratings for $UIS

$UIS SEC Filings

SEC Form 10-Q filed by Unisys Corporation New

Unisys Corporation New filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Unisys Corporation New filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$UIS Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Unisys Corporation New

SEC Form SC 13G filed by Unisys Corporation New

SEC Form SC 13G/A filed by Unisys Corporation New (Amendment)

$UIS Press Releases

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Unisys Research Debunks AI Fears: 71% of Employees Report Enhanced Job Satisfaction and Career Growth

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$UIS Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SVP, GC, Secretary & CAO Prohl Kristen converted options into 3,632 shares and covered exercise/tax liability with 3,420 shares, increasing direct ownership by 0.23% to 92,118 units (SEC Form 4)

Mccann Debra covered exercise/tax liability with 3,444 shares, decreasing direct ownership by 2% to 212,690 units (SEC Form 4)

Taylor Roxanne sold $400,255 worth of shares (78,868 units at $5.08), decreasing direct ownership by 91% to 8,009 units (SEC Form 4)

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Unisys downgraded by Maxim Group

Unisys downgraded by CJS Securities

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Cellebrite Appoints Tech Veteran Troy K. Richardson to Board of Directors

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Unisys Names Kristen Prohl as General Counsel and Chief Administrative Officer

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Unisys Transfers $200M of its US Defined Benefit Pension Obligations to F&G Through the Purchase of Group Annuity Contracts

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Unisys Announces 3Q24 Results

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