earnings
confidence high
sentiment positive
materiality 0.75
Unisys raises FY2023 guidance; Q3 revenue up 0.7% but GAAP net loss widens to $50M
UNISYS CORP
2023-Q3 EPS reported
-$3.89
revenue$1,457,800,000
- Revenue $464.6M (+0.7% YoY); Ex-L&S revenue $397.5M (+6.2% YoY).
- GAAP net loss $50.0M ($0.73 loss per share); non-GAAP net loss $22.3M ($0.33 loss per share).
- Adjusted EBITDA $37.0M (8.0% margin), down from $52.5M (11.4%) a year ago.
- Raises 2023 guidance: constant currency rev growth 0-1.5% (prior -7 to -3%), non-GAAP op margin 5-6%, adj EBITDA margin 12.5-13.5%.
- DWS revenue +8.3% YoY, CA&I +9.2% YoY; ECS revenue -11.3% on lower software license renewals.