BLUE BELL, Pa. - Unisys Corporation (NYSE: NYSE:UIS) today announced the appointment of Brett Barton as the vice president and global AI practice leader, a move that highlights the company's focus on enhancing its artificial intelligence capabilities. Barton will report directly to Unisys Senior Vice President and Chief Technology Officer Dwayne Allen.
Barton's appointment is part of Unisys' strategy to advance its AI offerings and provide clients with innovative solutions. He joins Unisys with a wealth of experience, having spent over two decades in technology leadership roles across multinational organizations. His expertise is particularly strong in the AI sector, where he has been instrumental in driving technical initiatives and capabilities.
Before his appointment at Unisys, Barton developed an advisory practice centered on AI and machine learning at Slalom, a global consulting firm. His career also includes senior positions at Sense Corp, KPMG, and Total Productivity Group. In addition to his professional experience, Barton has contributed to the AI industry through his involvement with Gartner (NYSE:IT)'s Evanta board committee and the governing body of Gartner's CIO Inner Circle.
Unisys CEO Peter Altabef expressed confidence in Barton's ability to propel the company forward through innovative AI initiatives. Dwayne Allen, to whom Barton will report, cited Barton's extensive experience and active industry roles as assets that will help drive transformation in the AI landscape.
Barton holds an advanced degree in computer science, focusing on artificial intelligence and machine learning from Columbia University, and a Bachelor of Science in justice systems and psychology from Truman State University. He is also recognized for his community involvement, serving on the corporate board of directors for the Boys and Girls Club and as a tribal member of the Western Cherokee Nation.
Unisys, a company with a 150-year history, positions itself as a provider of breakthrough technology solutions, including cloud, data and AI, digital workplace, logistics, and enterprise computing. The appointment of Brett Barton is expected to reinforce the company's dedication to delivering cutting-edge AI solutions to its clients.
The information for this report is based on a press release statement from Unisys Corporation.
InvestingPro Insights
In light of Unisys Corporation's strategic move to enhance its artificial intelligence capabilities with the appointment of Brett Barton, it's worth noting the company's current financial health and market performance as per InvestingPro data. Unisys, with a market capitalization of 390.61 million USD, is trading at a low revenue valuation multiple, which suggests the stock could be undervalued given its potential for growth in the burgeoning AI sector.
The company's revenue for the last twelve months as of Q4 2023 stood at 2015.4 million USD, showing a modest year-over-year growth of 1.79%. Despite facing challenges in profitability over the last twelve months, analysts are optimistic, predicting Unisys will become profitable this year. This optimism is reflected in the company's share price, which has seen a significant rise of 61.47% over the past six months, indicating increased investor confidence.
According to InvestingPro Tips, Unisys does not pay a dividend, which could be a deliberate strategy to reinvest earnings into research and development, particularly in AI initiatives under Barton's leadership. Additionally, the valuation implies a strong free cash flow yield, which could provide the financial flexibility necessary for innovation and expansion in AI services.
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