Unisys Corp (NYSE: UIS)

Unisys Corporation, a Delaware corporation, is a global information technology (IT) solutions company that operates in a broad and rapidly evolving market, encompassing a wide range of technologies, services, and solutions. The company is known for its trust and innovation, and it competes with systems integrators, consulting and other professional services firms, outsourcing providers, infrastructure services providers, computer hardware manufacturers, and software providers. Unisys' primary products and services include digital workplace solutions, cloud, applications, and infrastructure solutions, and enterprise computing solutions. The company also provides micro-market and business process solutions, as well as next-generation solutions that incorporate advanced technologies such as artificial intelligence (AI), machine learning, hyper-automation, and quantum computing.

Unisys' clients rely on the company to help solve their toughest business and technology challenges in highly complex, regulated, and heterogeneous environments. The company's solutions and services are provided through global delivery capabilities, allowing Unisys to execute large-scale, rapid technology migration and modernization projects. The company's portfolio of solutions is aligned with the markets it serves and the secular trends shaping market demand.

The company's revenue is affected by factors such as the introduction of new services and solutions, the length of sales cycles, and the seasonality of purchases. Unisys' backlog at the end of 2023 was $3.0 billion, compared to $2.9 billion at the end of 2022. Approximately $1.3 billion (44%) of 2023 backlog is expected to be converted to revenue in 2024.

Unisys' primary products and services are designed to help organizations leverage technology to improve their operations and achieve their business objectives. The company's digital workplace solutions provide a modern, flexible, and secure digital work environment that enables employees to be more productive, engaged, and empowered. Unisys' cloud, applications, and infrastructure solutions help organizations transition to the cloud, modernize their applications and infrastructure, and optimize their IT operations. The company's enterprise computing solutions provide secure, high-performance computing platforms that support mission-critical applications and workloads.

Unisys' customers include some of the largest commercial and public sector clients around the world. The company's public sector clients primarily consist of state, local, and non-U.S. governments and agencies, as well as global not-for-profit organizations. The company's commercial clients are well-diversified across sectors, with a focus on industries such as financial services, healthcare, and transportation.

The company's strategy is focused on increasing the value it creates for its clients to support its financial objectives of improving revenue growth, profitability, and free cash flow. The company is executing against five key elements: addressable market growth, land and expand, solution development, gross margin improvement, and operational excellence.

Unisys owns over 420 active U.S. patents and over 35 active patents granted in eight non-U.S. jurisdictions. The company also maintains 25 U.S. trademark and service mark registrations, and over 285 additional trademark and service mark registrations in 54 non-U.S. jurisdictions.

As of December 31, 2023, Unisys employed approximately 16,500 professionals worldwide, with 2,600 located in the United States and 13,900 located in other countries. The company is committed to providing a productive, ethical, diverse, and safe working environment for its employees and is focused on creating a culture of diversity, equity, and inclusion.