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Unisys Corporation (UIS)

  • Dec. 16, 2014, 1:49 PM
    • Investors are giving a thumbs-up to Unisys' (UIS +8.2%) hiring of ex-Perot Systems/Micros chief Peter Altabef to be the company's new CEO. Shares had fallen sharply in October after J. Edward Coleman announced his retirement plans.
    • The fact the last two companies run by Altabef would up being acquired likely hasn't escaped notice.
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  • Oct. 22, 2014, 1:52 PM
    • With shares having gone into earnings just a little above a 52-week low of $18.72, Unisys' (UIS +24.3%) big Q3 beat is being very well-received.
    • Strong demand for Unisys' ClearPath mainframes (aided by a migration to Intel Xeon CPUs and improved Windows/Linux support) fueled a 66% increase in Technology segment revenue (drives future services revenue) to $119.5M. Services segment revenue rose 6% to $763M.
    • Services gross margin fell 160 bps Y/Y to 19.5%, but Technology gross margin rose 2820 bps to 61.5%. Opex grew 7% to $158.3M.
    • Unisys is only 16 days removed from plunging on news chairman/CEO J. Edward Coleman will be leaving the company.
    • Q3 results, PR
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  • Oct. 22, 2014, 12:47 PM
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  • Oct. 22, 2014, 9:19 AM
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  • Oct. 21, 2014, 5:38 PM
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  • Oct. 6, 2014, 2:23 PM
    • Unisys (UIS -10.4%) chairman/CEO J. Edward Coleman will be leaving the company, effective Dec. 1. Coleman has held both positions since Oct. 2008.
    • Lead independent director Paul Weaver: "As the company focuses on its growth agenda, the board has determined it is the right time to make a leadership change." A search firm has been hired to find Coleman's successor.
    • Investors aren't pleased with the board's move. Shares now -37% YTD.
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  • Jul. 24, 2014, 9:45 AM
    • Akamai (AKAM +1.9%) has been upgraded to Outperform by Macquarie. Q2 results are due on July 30.
    • Unisys (UIS +7.9%) has been upgraded to Positive by Susquehanna. Shares crashed yesterday following a Q2 miss.
    • Chip assembly/test firms ASX (ASX -4.6%) and Siliconware Precision (SPIL -1.7%) have respectively been cut to Neutral and Underweight by JPMorgan.
    • As part of a coverage launch for Chinese Internet stocks, Citi has started Dangdang (DANG +6.3%), Weibo (WB +1.4%), Jumei (JMEI +2.5%), and Cheetah Mobile (CMCM +2.1%) at Buy.
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  • Jul. 23, 2014, 12:49 PM
    • "Our second-quarter 2014 results were impacted by lower sales of our flagship ClearPath family of enterprise software and servers, which can vary significantly from quarter to quarter based on the timing of client transactions," says Unisys (UIS -17.8%) CEO Ed Coleman.
    • The weakness led Unisys' technology revenue to fall 21% Y/Y to $93.5M. Services revenue fell 4% to $712.9M.
    • The company promises technology sales will improve in 2H14, aided by new Intel-based ClearPath mainframes launched in June. Nonetheless, Coleman guided on the CC (transcript) for 2014 technology revenue of $470M-$500M vs. a prior outlook of $500M.
    • He added Unisys continues to "make adjustments to our portfolio, our go-to-market approach and our cost structure" for its services ops. An industry shift away from multi-year systems integration projects to short-term deals is impacting sales. Full-year services revenue is expected to fall by a low-single digit percentage.
    • The company's Edge cloud-based IT service management platform is a bright spot: Total clients have passed 160, and Chinese demand has picked up thanks to a partnership with 21Vianet.
    • Q2 results, PR
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  • Jul. 23, 2014, 12:47 PM
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  • Jul. 22, 2014, 5:35 PM
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  • Apr. 23, 2014, 12:45 PM
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  • Apr. 22, 2014, 5:40 PM
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  • Mar. 11, 2014, 9:46 AM
    • Vipshop (VIPS -4.1%) has been cut to Neutral by Goldman. Shares blasted off last week in response to the company's Q4 beat and strong guidance.
    • Unisys (UIS -6.5%) has been cut to Market Perform by Raymond James.
    • Aixtron (AIXG -1.6%) has been cut to Neutral by BNP Paribas.
    • As part of a chip sector coverage launch, AppliedMicro (AMCC +1%), TowerJazz (TSEM +1.5%), Neonode (NEON +1.6%), RF Micro (RFMD +1.8%), and TriQuint (TQNT +1.6%) have been started at Buy by Ascendiant Capital.
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  • Jan. 31, 2014, 5:22 PM
    • Unisys (UIS +10%) shot higher and temporarily made new 52-week highs after trouncing Q4 estimates on the back of strong European (+7% Y/Y) and Asia-Pac (+20%) sales.
    • Unisys' Asian performance contrasts sharply with that of many tech firms (including rival IBM) struggling to deal with emerging markets weakness and NSA-related troubles. Sales fell 4% in North America, and 15% in Latin America.
    • Also boosting Unisys' EPS: gross margin rose 250 bps Y/Y to 31.7%, and opex fell 7% even as revenue rose 2%. At the same time, the company did mention on its CC (transcript) it expects opex to grow 1-2% in 2014 due to higher sales/marketing spend.
    • Services revenue (82% of total) rose 1% Y/Y. Technology revenue (inc. mainframes/servers) rose 5%.
    • In tandem with its Q4 report, Unisys has announced the hiring of former Dell sales/service management exec Jeff Renzi to be the company's new sales chief.
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  • Jan. 30, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: ZNGA +23.0%. UIS +12.4%. PFPT +12.2%. CPHD +10.0%. MTW +9.1%.
    • Top losers, as of 5:15 p.m.: DLLR -20.5%. HGR -13.0%. GDOT -11.1%. ABAX -10.6%. TNP -10.0%.
  • Jan. 30, 2014, 4:32 PM
    • Unisys Corporation (UIS): Q4 EPS of $2.82 beats by $1.10.
    • Revenue of $995.9M (+1.7% Y/Y) beats by $61.6M.
    • Shares +5.9%.
    • Press Release
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UIS vs. ETF Alternatives
Company Description
Unisys Corp provides a portfolio of IT services, software, and technology that solves mission-critical problems for clients. Its segments include Services and Technology.