Unisys(UIS)

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Unisys(UIS) - 2025 Q1 - Quarterly Report
2025-05-01 20:36
Financial Performance - For the three months ended March 31, 2025, the company reported a net loss of $29.5 million, or $0.42 per diluted share, compared to a loss of $149.5 million, or $2.18 per diluted share, for the same period in 2024[104][122]. - Revenue for the three months ended March 31, 2025 was $432.1 million, a decrease of 11.4% from $487.8 million in the same period of 2024, primarily due to the timing of software license renewals and lower client volume[105]. - License and Support (L&S) revenue decreased by 23.7% to $71.1 million for the three months ended March 31, 2025, down from $93.2 million in the prior year, mainly driven by the timing of software license renewals[106]. - Excluding License and Support (Ex-L&S) revenue was $361.0 million for the three months ended March 31, 2025, a decrease of 8.5% from $394.6 million in the same period of 2024, attributed to lower client volume[107]. - Gross profit for the three months ended March 31, 2025 was $107.5 million, with a gross profit margin of 24.9%, compared to $136.0 million and 27.9% for the same period in 2024[112]. - Operating profit for the three months ended March 31, 2025 was $5.1 million, down from $17.7 million in the same period of 2024, primarily due to the timing of software license renewals[115]. Revenue and Backlog - Total Contract Value (TCV) metrics are influenced by software license renewals, with fluctuations expected based on timing and terms of renewals[129]. - Backlog represents estimated future revenue under contracted work that has not yet been delivered, with timing of conversion to revenue affected by various factors including contract execution and foreign currency exchange rates[130]. - The company’s international revenue for the three months ended March 31, 2025 was $246.2 million, a decrease of 10.6% from $275.5 million in the same period of 2024, impacted by foreign currency fluctuations[108]. - Total TCV for the three months ended March 31, 2025, was $434 million, an increase of 17% from $370 million in the same period of 2024, primarily driven by new logo signings[132]. - Backlog increased to $2.89 billion as of March 31, 2025, compared to $2.78 billion as of March 31, 2024, reflecting a 4% growth driven by new logo contracts within DWS[133]. Cash Flow and Debt - Cash and cash equivalents at March 31, 2025, were $393.1 million, up from $376.5 million at December 31, 2024[136]. - Cash provided by operations for the three months ended March 31, 2025, was $33.3 million, compared to $23.8 million in the same period of 2024, primarily due to working capital improvement[138]. - Cash used for investing activities was $20.3 million for the three months ended March 31, 2025, compared to $18.8 million in the prior-year period[139]. - Total debt at March 31, 2025, was $494.8 million, slightly up from $493.2 million at December 31, 2024[143]. - The company had no borrowings under its $125 million revolving credit facility as of March 31, 2025, with $82.5 million available net of letters of credit issued[144]. - Cash used for financing activities was $4.0 million for the three months ended March 31, 2025, down from $7.7 million in the same period of 2024[140]. - The company expects to continue meeting all covenants and conditions under its various lending and funding agreements for at least the next 12 months[149]. Pension Contributions - The company estimates future cash contributions to its defined benefit pension plans of approximately $91 million in 2025 and $122 million in 2026[141].
Unisys(UIS) - 2025 Q1 - Earnings Call Presentation
2025-05-01 15:06
First Quarter Financial Results APRIL 30, 2025 U unisys Mike Thomson Chief Executive Officer & President Deb McCann Chief Financial Officer Disclaimer Forward-Looking Statements This presentation contains for ward-looking statements within the meaning of Section 274 of the Sepurities Adt of 1933, as amended, Section 21E of the Securities Exchange and the Private Securities Litication Reform A-ct of 1995. Unisvs cautions readers that the assumptions forming the base for forward-looking statements include man ...
Unisys(UIS) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:00
Unisys (UIS) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Mikayla Paworski, Vice President of Investor Relations. Please go ahead. Speaker1 Thank you, operator. Good morning, everyone. Thank you for joining us. Yesterday afternoon, Unisys released its first quarter twenty twenty five financial results. I'm joined this morning to discuss those results by Mike Thompson, our CEO and President and Deb McCann, ou ...
Unisys (UIS) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-04-30 23:20
Unisys (UIS) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 79.17%. A quarter ago, it was expected that this information technology service provider would post earnings of $0.20 per share when it actually produced earnings of $0.33, delivering a surprise of 65%.Over the last four quarter ...
Unisys(UIS) - 2025 Q1 - Quarterly Results
2025-04-30 20:37
News Release Unisys Announces 1Q25 Results Unisys Improves Operating and Free Cash Flow and Continues Momentum in New Logo Signings BLUE BELL, Pa., April 30, 2025 – Unisys Corporation (NYSE: UIS) reported financial results for the first quarter of 2025 (1Q25). "We are pleased with the momentum in New Business signings we achieved during the quarter, which increased more than 80% year-over-year," said Michael Thomson, Unisys CEO and President. "We are delivering innovative solutions focused on our clients' h ...
Unisys Announces 1Q25 Results
Prnewswire· 2025-04-30 20:30
Unisys Improves Operating and Free Cash Flow and Continues Momentum in New Logo Signings Cash provided by operations of $33.3 million compared to $23.8 million in 1Q24, and free cash flow(9) of $13.2 million compared to $3.9 million in 1Q24 Total company revenue of $432.1 million; Excluding License and Support (Ex-L&S)(13) revenue of $361.0 million Gross profit margin of 24.9%; Ex-L&S gross profit margin of 17.8% Operating profit margin of 1.2 %; non-GAAP operating profit(6) margin of 2.8 % Ex-L&S New Bus ...
Unisys Corporation Investor News: If You Have Suffered Losses in Unisys Corporation (NYSE: UIS), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-26 11:50
NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: UIS) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. So What: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The ...
Unisys Partners with Thought Machine to Advance Branch Banking with Cutting-Edge Features
Prnewswire· 2025-04-02 13:00
The enhanced digital-first solution streamlines bank operations, boosts security and improves client satisfaction BLUE BELL, Pa., April 2, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) has announced a partnership with Thought Machine, the cloud-native banking technology company, to provide end-to-end core and branch banking solutions that accelerate any bank's technology-first strategies. This solution offers premium features to the banking industry, including trusted, robust transaction processing and the abilit ...
Unisys Launches First Post-Quantum Cryptography Service to Block Future Security Threats
Prnewswire· 2025-03-27 13:00
Core Insights - Unisys has launched new Post-Quantum Cryptography (PQC) capabilities to enhance cybersecurity and prepare organizations for future quantum threats [1][2] - The company aims to help organizations identify vulnerabilities in their cryptographic environment and implement actionable steps to strengthen defenses [1][3] - Unisys emphasizes the importance of proactive measures against potential data theft by malicious actors, even before quantum computers become commercially available [3] PQC Capabilities and Services - The PQC capabilities include cryptographic posture assessment, which provides a complete inventory and analysis of an organization's cryptographic environment [1][2] - Unisys offers tailored PQC transition roadmaps based on clients' needs, including modernization pathways and achieving crypto agility [6] - The company implements quantum-resistant technologies and complex cybersecurity program management as part of its PQC infrastructure modernization services [6] Strategic Partnerships - Unisys has joined the Chicago Quantum Exchange (CQE) to drive industry-specific applications for quantum technology and develop top-tier quantum talent [4] - This partnership aims to enhance businesses' quantum resiliency and data protection through Unisys's PQC capabilities and services [4]
Unisys to Participate in Upcoming Sidoti Small-Cap Virtual Conference
Prnewswire· 2025-03-04 15:30
BLUE BELL, Pa., March 4, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) will be participating virtually in the Sidoti Small-Cap Conference on March 19 - 20, 2025. Management will be available for virtual one-on-one and small group meetings with investors. Investors interested in scheduling meetings with Unisys executives should contact their conference representatives. About Unisys Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud ...