Unisys Corporation (UIS) Bundle
An Overview of Unisys Corporation (UIS)
General Summary of Unisys Corporation (UIS)
Unisys Corporation, founded in 1986, has evolved from its origins as a hardware and software provider to a leading global IT services company. The company specializes in providing integrated solutions that encompass cloud computing, data analytics, cybersecurity, and digital transformation services tailored for various industries including government, financial services, and healthcare.
As of 2024, Unisys operates through three primary segments: Digital Workplace Solutions (DWS), Cloud, Applications & Infrastructure Solutions (CA&I), and Enterprise Computing Solutions (ECS). The company reported total revenue of $1.463 billion for the nine months ended September 30, 2024, showing a slight increase of 0.4% compared to $1.458 billion for the same period in 2023.
Segment | Revenue (2024) | Revenue (2023) | Percentage Change |
---|---|---|---|
Digital Workplace Solutions (DWS) | $395.3 million | $406.9 million | -2.9% |
Cloud, Applications & Infrastructure Solutions (CA&I) | $394.8 million | $392.1 million | 0.7% |
Enterprise Computing Solutions (ECS) | $442.4 million | $445.0 million | -0.6% |
Company's Financial Performance in Latest Financial Reports
In its latest financial report for the nine months ended September 30, 2024, Unisys Corporation reported a net loss attributable to the company of $223.4 million, or $3.23 per diluted share, an improvement compared to a net loss of $265.4 million, or $3.89 per diluted share, for the same period in 2023. The financial performance has been impacted by several factors including a goodwill impairment charge of $39.1 million related to the DWS segment and a tax provision of $29.0 million established for certain foreign subsidiaries.
During the nine months, Unisys reported significant financial metrics as follows:
- Total revenue: $1.463 billion
- Gross profit margin: 28.1%
- Operating profit: $48.8 million
- Interest expense: $23.7 million
- Cash and cash equivalents as of September 30, 2024: $373.7 million
The revenue breakdown by geographic region indicated that U.S. operations contributed $627.0 million, while international operations accounted for $836.0 million. Unisys has also recognized net cost-reduction charges of $8.5 million during this reporting period, reflecting ongoing restructuring efforts.
Unisys as a Leader in the Industry
Unisys Corporation continues to be recognized as a leader in the IT services industry, particularly in providing innovative solutions that address the evolving needs of businesses in the digital age. The firm's focus on cloud services, cybersecurity, and data analytics positions it strategically to capitalize on the growing demand for digital transformation across various sectors.
With a robust portfolio of services and a commitment to delivering value to its clients, Unisys has established itself as a trusted partner for organizations seeking to modernize their IT infrastructure and enhance their operational efficiency. For more insights into Unisys and its strategic initiatives, further details can be found in subsequent sections.
Mission Statement of Unisys Corporation (UIS)
Mission Statement Overview
Unisys Corporation's mission statement emphasizes its commitment to delivering high-quality technology solutions that enable organizations to achieve their business goals effectively. This mission serves as a guiding principle, steering the company's strategic initiatives and operational decisions.
Core Component 1: Delivering Innovative Technology Solutions
Unisys focuses on providing innovative technology solutions that enhance operational efficiency and drive digital transformation. The company invests significantly in research and development to stay ahead in a rapidly evolving tech landscape. In 2024, Unisys reported a research and development expense of $17.5 million, an increase from $15.9 million in 2023, reflecting its commitment to innovation.
Core Component 2: Commitment to Customer Success
Customer success is central to Unisys's mission. The company aims to build long-term relationships with its clients by understanding their unique needs and delivering tailored solutions. In the nine months ended September 30, 2024, Unisys generated revenues of $1.463 billion, slightly up from $1.458 billion in the same period of 2023, indicating its ability to maintain client trust and satisfaction.
Core Component 3: Operational Excellence
Operational excellence is a key focus area for Unisys. The company continuously seeks to improve its processes and reduce costs. For the nine months ended September 30, 2024, Unisys reported a gross profit of $410.9 million, translating to a gross profit margin of 28.1%, up from 25.4% in the previous year. This improvement reflects the effectiveness of its cost-saving initiatives and operational strategies.
Financial Metric | 2024 | 2023 | Change (%) |
---|---|---|---|
Revenue (in million) | $1,463.0 | $1,457.8 | 0.4% |
Gross Profit (in million) | $410.9 | $370.1 | 11.0% |
R&D Expense (in million) | $17.5 | $15.9 | 10.1% |
Operating Profit (in million) | $48.8 | $32.9 | 48.0% |
Unisys continues to adapt and refine its mission statement, ensuring alignment with its strategic objectives and market demands. The focus on delivering innovative solutions, customer success, and operational excellence underpins its ongoing efforts to enhance shareholder value and maintain a competitive edge in the technology sector.
Vision Statement of Unisys Corporation (UIS)
Vision Statement of Unisys Corporation
Unisys Corporation's vision statement emphasizes its commitment to delivering innovative technology solutions that empower clients to achieve their business objectives. The vision is structured around several key components:
Client-Centric Approach
Unisys focuses on understanding the unique needs of its clients, aiming to provide tailored solutions that enhance operational efficiency and drive business success. In the nine months ended September 30, 2024, Unisys reported revenue of $1,463.0 million, reflecting a modest increase of 0.4% compared to $1,457.8 million in the same period for 2023.
Innovation and Technology Leadership
Unisys positions itself as a leader in technology innovation, particularly in cloud computing, digital workplace solutions, and cybersecurity. The company's research and development expenses for the nine months ended September 30, 2024, amounted to $17.5 million, up from $15.9 million in the prior year.
Sustainability and Corporate Responsibility
Unisys is committed to sustainable business practices that reduce environmental impact and promote social responsibility. The company aims to integrate sustainability into its operations and service offerings, driving long-term value for its stakeholders. As of September 30, 2024, Unisys maintained cash and cash equivalents of $373.7 million.
Global Reach and Market Presence
With a significant international presence, Unisys serves clients across various industries globally. For the nine months ended September 30, 2024, the company reported international revenue of $836.0 million, an increase of 1.1% from $827.2 million in the same period of 2023.
Adaptability and Future Readiness
Unisys emphasizes the importance of adaptability in a rapidly changing technological landscape. The company is focused on preparing for future challenges by investing in advanced technologies and practices. As part of its strategic initiatives, Unisys recognized a goodwill impairment charge of $39.1 million related to its Digital Workplace Solutions segment during the nine months ended September 30, 2024.
Financial Metrics | Q3 2024 | Q3 2023 |
---|---|---|
Revenue | $497.0 million | $464.6 million |
Net Loss | $61.9 million | $50.0 million |
Gross Profit Margin | 28.1% | 25.4% |
Research and Development Expenses | $17.5 million | $15.9 million |
In summary, Unisys Corporation's vision statement for 2024 encapsulates its dedication to client success, technological advancement, and sustainable practices, positioning the company for future growth and resilience in the technology sector.
Core Values of Unisys Corporation (UIS)
Integrity
The core value of Integrity at Unisys Corporation (UIS) emphasizes the importance of honesty and ethical conduct in all business dealings. This value is crucial as it builds trust with clients, stakeholders, and employees.
In 2024, Unisys has demonstrated its commitment to integrity through various initiatives, including adherence to rigorous compliance standards and transparent reporting practices. For instance, the company has successfully navigated regulatory challenges, including a recent settlement with the SEC, where it agreed to pay a $4 million civil penalty while maintaining that no wrongdoing occurred.
Innovation
Innovation is a core value that drives Unisys to continuously enhance its technology solutions and services. This commitment to innovation is vital for maintaining competitive advantage in the rapidly evolving tech landscape.
In 2024, Unisys has invested significantly in research and development, with expenses amounting to $17.5 million for the nine months ended September 30, 2024, compared to $15.9 million in the same period in 2023. The company has also launched new cloud and digital workplace solutions aimed at improving client operational efficiency, which reflects its focus on innovation.
Collaboration
The value of Collaboration at Unisys fosters teamwork and partnership both internally and with clients. This approach is essential for delivering comprehensive solutions that meet diverse customer needs.
Unisys has implemented cross-functional teams to enhance collaboration, resulting in improved project outcomes. For instance, the company reported an increase in revenue from international operations to $836 million for the nine months ended September 30, 2024, reflecting successful collaborative efforts in global markets.
Customer Centricity
Customer Centricity is a core value that underscores the importance of understanding and addressing customer needs. This value is crucial for building long-term relationships and ensuring client satisfaction.
Unisys has enhanced its customer engagement strategies, leading to a reported revenue of $497 million in Q3 2024, up from $464.6 million in Q3 2023, indicating a positive response to its customer-centric initiatives. Additionally, the company has focused on delivering tailored solutions that align with client business goals.
Diversity and Inclusion
Diversity and Inclusion is a fundamental value at Unisys, recognizing the strength that diverse perspectives bring to the organization. This commitment is vital for fostering innovation and creativity.
In 2024, Unisys has made strides in enhancing its diversity initiatives, aiming to create a more inclusive workplace. The company has reported an increase in hiring diverse talent, contributing to a more dynamic work environment that reflects a variety of viewpoints and experiences.
Core Value | 2024 Initiatives | Financial Impact |
---|---|---|
Integrity | Compliance adherence, SEC settlement | $4 million civil penalty |
Innovation | Increased R&D investment | $17.5 million in R&D expenses |
Collaboration | Cross-functional teams | $836 million international revenue |
Customer Centricity | Enhanced engagement strategies | $497 million Q3 revenue |
Diversity and Inclusion | Increased diverse hiring | Positive work environment impact |
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Article updated on 8 Nov 2024
Resources:
- Unisys Corporation (UIS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Unisys Corporation (UIS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Unisys Corporation (UIS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.