Unisys Q2: revenue flat $478M, net loss narrows to $12M; new business signings double YoY

UNISYS CORP

2024-Q2 EPS reported -$2.34 revenue$966,000,000

Revenue $478.2M, +0.3% YoY (+0.5% constant currency); Ex-L&S revenue flat at $396.1M.
Gross profit margin 27.2%, up 290 bps YoY; Ex-L&S margin 18.7%, up 270 bps.
Net loss attributable to Unisys $12.0M vs loss of $40.0M in Q2 2023.
New Business TCV increased 64% YoY, driven by more than doubling of new logo signings.
Full-year guidance reaffirmed: constant currency revenue growth (1.5%) to 1.5%, non-GAAP op margin 5.5%-7.5%.

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