secwatch.observer — SEC 8-K summary
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Issuer:     UNISYS CORP (UIS)
CIK:        0000746838
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000746838-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unisys Q1 revenue down 5.5% YoY; Ex-L&S up 4%; New Logo TCV doubles
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- Revenue $487.8M, down 5.5% YoY; Ex-L&S revenue $394.6M, up 4.0% YoY (3.0% constant currency).
- GAAP net loss $149.5M includes $132.3M non-cash pension settlement loss; non-GAAP net income $2.7M.
- New Logo Total Contract Value more than doubled YoY; full-year guidance reaffirmed: constant currency revenue growth -1.5% to 1.5%.
- Segment: DWS +1.0%, CA&I +2.4%, ECS -21.9% (driven by software license timing).
- Free cash flow improved to $3.9M (vs. -$7.5M in 1Q23); cash $382.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746838/000074683824000011/0000746838-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746838/000074683824000011/uis-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000746838-24-000011

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