Unisys Q2 net loss widens to $40M; rev down 7.4% YoY; Ex-L&S rev up 4.9%

UNISYS CORP

2023-Q2 EPS reported -$3.16 revenue$993,200,000

Revenue $476.8M (-7.4% YoY); Ex-L&S revenue $396.0M (+4.9% YoY); gross margin 24.3% (down 450 bps).
GAAP net loss $40.0M ($0.59 diluted loss) vs. net loss $17.1M ($0.25 loss) in 2Q22; non-GAAP net loss $6.1M.
DWS revenue +6.1%, CA&I +1.9%, ECS -27.6% due to lower software license renewals.
Next-Gen Solutions pipeline up 55% YoY; total company pipeline up 18% YoY.
FY 2023 guidance reaffirmed: constant currency revenue growth (3%)-(7%), non-GAAP op margin 2%-4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNISYS CORP reported the second quarter ended June 30, 2023 results: revenue $476.8M, net income $40.0M, EPS $0.59. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $476.8M
Net income: $40.0M
EPS: $0.59
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of the GAAP to non-GAAP measures presented except for financial guidance since such a reconciliation is not practicable without unreasonable effort. • Revenue: ◦ Revenue of $476.8M vs. $515.0M in 2Q22, down 7.4% YoY, or down 6.3% YoY in constant currency, primarily due to lower software license renewals within ECS ◦ Ex-L&S revenue of $396.0M vs. $377.4M in

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Source: SEC EDGAR

accession 0000746838-23-000038

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