Unisys Q1 revenue falls 12.4% to $446.7M; net loss $57.3M; ACV up 43% YoY

UNISYS CORP

2022-Q1 EPS reported -$0.85 revenue$446,700,000

Revenue $446.7M, down 12.4% YoY; net loss $57.3M vs $157.8M loss year ago.
GAAP diluted EPS loss $0.85; non-GAAP diluted EPS loss $0.41 vs $0.46 EPS last year.
Annual Contract Value up 43% YoY; pipeline up 31% YoY to $5.9B.
Cloud & Infrastructure Solutions revenue up 7.0% YoY to $129.1M.
Excluding non-strategic DWS contract exits and ECS timing, revenue grew 3% YoY.

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