secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNISYS CORP (UIS)
CIK:        0000746838
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000746838-23-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746838/000074683823000038/0000746838-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746838/000074683823000038/uis-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000746838-23-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer