UIS | Market Cap: $301.8M (07/13/26)
Industry:
IT Services

DESCRIPTION

Unisys is a global IT services company serving large enterprises and government agencies. The business operates across two broad categories: managed IT services and proprietary enterprise computing. On the managed services side, Unisys runs IT helpdesks, device support, data center management, hybrid cloud environments, and cybersecurity monitoring on behalf of clients. On the proprietary side, Unisys develops and maintains ClearPath Forward, a proprietary operating system platform used for mission-critical, high-volume transaction processing at banks, government agencies, airlines, and healthcare organizations. Unisys reports three segments: Digital Workplace Solutions (DWS), Cloud, Applications & Infrastructure Solutions (CA&I), and Enterprise Computing Solutions (ECS). ECS is the most profitable segment, anchored by ClearPath Forward license and support contracts that carry roughly 70% gross margins. DWS and CA&I are lower-margin, labor-intensive managed services businesses where profitability depends on delivery automation and efficiency. ClearPath Forward clients have decades-long relationships and extremely high switching costs, as migrating off the platform would require complete architectural redesign. Unisys sells directly to enterprise clients, with key verticals in financial services, travel and transportation, public sector, and healthcare. The company's growth strategy centers on winning new clients and expanding scope with existing ones, while embedding AI-driven automation into service delivery to reduce costs and improve margins.

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