Unisys is “doubling down” on public sector cloud business and is focused on growing its digital workplace services division, according to CEO Peter Altabef.
Speaking on the company’s second-quarter earnings call, Altabef said the company would compete hard to outgrow market peers and to take market share.
As part of a restructure earlier this year, the company sold its U.S. federal services arm to SAIC and launched two new business segments: Digital Workplace Services and Infrastructure and Cloud services. Its digital workplace arm is focused on consultancy and the sale of communications-as-a-service systems.
Unisys expects the $17 billion public sector cloud services market to grow by about 15% to 18% each year, according to an investor presentation published in January.
During the second quarter of 2021, Unisys swung to an operating profit of $49.3 million compared with a $8.5 million loss in the second quarter of 2020. Within its cloud and infrastructure business segment, revenue grew 9.9% year-over-year to $124.4 million