REG-Unisys Corp: 1st Quarter Results
07/05/2021 07:05
Unisys Announces 1Q21 Results
Significant YoY Improvements in Operating Profit and Cash Flow; No Future
Required Contributions to Qualified U.S. Pension Plans Currently Projected
BLUE BELL, Pa., May 6, 2021 --
*
Operating profit up 470 bps YoY to 8.6%; non-GAAP operating profit((4)) up 440
bps YoY to 10.1%
*
Cash from operations improved $335.0M YoY; Adjusted free cash flow((8))
improved $51.8M YoY
*
Cloud & Infrastructure ("C&I") revenue growth of 18.6% YoY, supported by 24.2%
YoY growth in C&I revenue in the U.S. & Canada
*
No future required cash contributions to U.S. qualified defined-benefit
pension plans projected based on year-end data and assumptions and the
American Rescue Plan Act
Unisys Corporation
(https://c212.net/c/link/?t=0&l=en&o=3154928-1&h=3863866672&u=http%3A%2F%2Fwww.unisys.com%2F&a=Unisys+Corporation) (NYSE:
UIS) today reported first-quarter 2021 financial results. "During the first
quarter, we made progress on our key strategic and financial goals that we
laid out at the beginning of the year," said Unisys Chair and CEO Peter A.
Altabef. "Profitability and cash flow improved year over year, we expected
relatively flat revenue year over year, we implemented our new organizational
structure, further improved our balance sheet, made important leadership hires
and took key steps toward enhancing and expanding our solution portfolio to
address changing client needs."
In January 2021, the company changed its organizational structure to more
effectively address evolving client needs. With these changes, the company
recast its reportable segments, but this did not impact the consolidated
financial statements as of December 31, 2020. The company's reportable
segments are Digital Workplace Services (DWS), Cloud & Infrastructure
Solutions (C&I), and ClearPath Forward(®) (CPF).
Summary of First-Quarter 2021 Results
*
Revenue:
*
Revenue of $509.8M vs. $515.4M in 1Q20 (1.1% YoY decline; 2.9% YoY decline in
constant currency((1)))
*
The company had expected profitability to be the key driver of improvement in
the first quarter, as the YoY revenue decline was anticipated and was driven
by a decline of approximately $16 million in Field Services, Travel and
Transportation and BPO processing activities.
*
C&I revenue increased 18.6% YoY, supported by 24.2% YoY growth in C&I revenue
in the U.S. & Canada.
*
Operating Profit:
*
Operating profit of $43.6M vs. $20.1M in 1Q20 (116.9% YoY increase)
*
Non-GAAP operating profit((4)) of $51.4M vs. $29.4M in 1Q20 (74.8% YoY
increase)
*
Operating profit margin of 8.6% vs. 3.9% in 1Q20 (470 bps improvement)
*
Non-GAAP operating profit margin of 10.1% vs. 5.7% in 1Q20 (440 bps
improvement)
*
YoY operating profit margin increases driven by year-over-year increases in
gross margin for DWS, C&I and CPF, and other improvements to efficiency and
related cost-reduction initiatives.
*
Adjusted EBITDA and Net Income:
*
Adjusted EBITDA((5)) of $93.9M vs. $72.3M in 1Q20 (29.9% YoY increase)
*
Adjusted EBITDA margin of 18.4% vs. 14.0% in 1Q20 (440 bps improvement)
*
Net loss from continuing operations of $157.8M vs. $53.2M in 1Q20
*
Net income margin of (31.0)% vs. (10.3)% in 1Q20 (2070 bps decline)
*
The company made additional progress toward its goal of $1.2B in gross pension
liability reductions in the quarter, and a required $158.0M settlement charge
related to these pension liability reduction initiatives drove the entirety of
the YoY net loss.
*
Non-GAAP net income from continuing operations((6)) of $29.8M vs. $1.2M in
1Q20
*
Non-GAAP net income margin of 5.8% vs. 0.2% in 1Q20 (560 bps improvement)
*
Earnings Per Share from Continuing Operations:
*
Loss per share from continuing operations of $2.45 vs. $0.85 in 1Q20
*
The company made additional progress toward its goal of $1.2B in gross pension
liability reductions, and a required $158.0M settlement charge ($2.45 per
share) related to these pension liability reduction initiatives drove the
entirety of the net loss per share.
*
Non-GAAP diluted earnings per share from continuing operations((6)) was $0.46
vs. $0.02 in 1Q20
*
Cash Flow:
*
Cash used in operations of $42.9M vs. $377.9M in 1Q20, an improvement of
$335.0M, helped by $306.1M lower postretirement contributions in 1Q21
*
Free cash flow((7)) of $(70.4)M vs. $(405.6)M in 1Q20, an improvement of
$335.2M, helped by $306.1M lower postretirement contributions in 1Q21
*
Adjusted free cash flow((8)) of $(24.4)M vs. $(76.2)M in 1Q20, an improvement
of $51.8M
*
No future-required cash contributions to U.S. qualified defined benefit
pension plans projected based on year-end data and assumptions and the
American Rescue Plan Act
*
Backlog:
*
Total company backlog (which includes license backlog due to new segment
structure) of $3.4B vs. $3.6B as of 4Q20
*
The company's legacy BPO business and the ClearPath Forward renewal schedule
were the largest contributors to the sequential decline in backlog.
Financial Highlights by Segment:
DWS:
*
DWS revenue of $141.1M vs. $160.2M in 1Q20 (11.9% YoY decline; 13.5% YoY
decline in constant currency)
*
YoY revenue decline was expected and was largely driven by lower revenues in
Field Services, one of the company's legacy solutions that has been impacted
by COVID-19.
*
DWS gross profit of $18.5M vs. $7.2M in 1Q20 (156.9% YoY improvement)
*
DWS gross margin of 13.1% vs. 4.5% in 1Q20 (860 bps YoY improvement)
*
During 1Q21, the company signed a contract with a global publishing company in
EMEA for service desk support, field services and asset management to automate
and streamline global user support to help improve the user experience for the
client's associates.
C&I:
*
C&I revenue of $123.3M vs. $104.0M in 1Q20 (18.6% YoY growth; 15.1% YoY growth
in constant currency)
*
Supported by 24.2% YoY growth in C&I revenue in the U.S. & Canada
*
C&I gross profit of $12.0M vs. $(2.8)M in 1Q20
*
C&I gross margin of 9.7% vs. (2.7)% in 1Q20 (1240 bps YoY improvement)
*
During 1Q21 the company signed a new-scope contract with existing client,
California State University (CSU), the nation's largest higher-education
system. As part of the new contract, Unisys will provide Financial Operations,
Security Operations and Cloud Operations services that will offer the client
greater agility to execute digital cloud strategies that better serve the
campuses and improve the student experience for nearly 500,000 students.
CPF:
*
CPF revenue of $167.6M vs. $171.7M in 1Q20 (2.4% YoY decline; 1.7% YoY decline
in constant currency)
*
The YoY constant-currency decline was driven in part by loss of low-margin
third-party contracts
*
CPF gross profit of $103.1M vs. $100.1M in 1Q20 (3.0% YoY increase)
*
CPF gross margin of 61.2% vs. 58.3% in 1Q20 (290 bps YoY increase)
*
During 1Q21, the Company began work on a new-scope contract with a European
national government agency that manages processing and payment of public
pension for 2 million people. Under the contract, Unisys will provide the
client with ClearPath Forward consulting services to make their ClearPath
Forward system more scalable and more interoperable with other systems.
Conference Call
Unisys will hold a conference call today at 5:00 p.m. Eastern Time to discuss
its results. The listen-only webcast, as well as the accompanying presentation
materials, can be accessed on the Unisys Investor website at
www.unisys.com/investor. Following the call, an audio replay of the webcast,
and accompanying presentation materials, can be accessed through the same
link.
( (1)) Constant currency – The company refers to growth rates in constant
currency or on a constant currency basis so that the business results can be
viewed without the impact of fluctuations in foreign currency exchange rates
to facilitate comparisons of the company's business performance from one
period to another. Constant currency is calculated by retranslating current
and prior period results at a consistent rate.
((2)) Pipeline – Pipeline represents prospective sale opportunities being
pursued or for which bids have been submitted. There is no assurance that
pipeline will translate into recorded revenue.
((3)) Total Contract Value – TCV is the estimated total contractual revenue
related to contracts signed in the period without regard for cancellation
terms. New business TCV represents TCV attributable to new scope for existing
clients and new logo contracts.
Non-GAAP and Other Information
Although appropriate under generally accepted accounting principles ("GAAP"),
the company's results reflect charges that the company believes are not
indicative of its ongoing operations and that can make its profitability and
liquidity results difficult to compare to prior periods, anticipated future
periods, or to its competitors' results. These items consist of certain
portions of post-retirement, debt exchange and extinguishment and
cost-reduction and other expenses. Management believes each of these items can
distort the visibility of trends associated with the company's ongoing
performance. Management also believes that the evaluation of the company's
financial performance can be enhanced by use of supplemental presentation of
its results that exclude the impact of these items in order to enhance
consistency and comparativeness with prior or future period results. The
following measures are often provided and utilized by the company's
management, analysts, and investors to enhance comparability of year-over-year
results, as well as to compare results to other companies in our industry.
((4)) Non-GAAP operating profit – The company recorded pretax
post-retirement expense and pretax charges in connection with cost-reduction
activities, debt exchange/extinguishment and other expenses. For the company,
non-GAAP operating profit excluded these items. The company believes that this
profitability measure is more indicative of the company's operating results
and aligns those results to the company's external guidance, which is used by
the company's management to allocate resources and may be used by analysts and
investors to gauge the company's ongoing performance.
((5)) EBITDA & adjusted EBITDA – Earnings before interest, taxes,
depreciation and amortization ("EBITDA") is calculated by starting with net
income (loss) from continuing operations attributable to Unisys Corporation
common shareholders and adding or subtracting the following items: net income
attributable to noncontrolling interests, interest expense (net of interest
income), provision for income taxes, depreciation and amortization. Adjusted
EBITDA further excludes post-retirement, debt exchange/extinguishment, and
cost-reduction and other expenses, non-cash share-based expense, and other
(income) expense adjustment. In order to provide investors with additional
understanding of the company's operating results, these charges are excluded
from the adjusted EBITDA calculation.
((6)) Non-GAAP net income and non-GAAP diluted earnings per share – The
company has recorded post-retirement expense and charges in connection with
debt exchange/extinguishment and cost-reduction activities and other expenses.
Management believes that investors may have a better understanding of the
company's performance and return to shareholders by excluding these charges
from the GAAP diluted earnings/loss per share calculations. The tax amounts
presented for these items for the calculation of non-GAAP diluted earnings per
share include the current and deferred tax expense and benefits recognized
under GAAP for these amounts.
((7)) Free cash flow – The company defines free cash flow as cash flow from
operations less capital expenditures. Management believes this liquidity
measure gives investors an additional perspective on cash flow from on-going
operating activities in excess of amounts used for reinvestment.
((8)) Adjusted free cash flow – Because inclusion of the company's
post-retirement contributions, discontinued operations and cost-reduction
charges/reimbursements and other payments in free cash flow may distort the
visibility of the company's ability to generate cash flow from its operations
without the impact of these non-operational costs, management believes that
investors may be interested in adjusted free cash flow, which provides free
cash flow before these payments. This liquidity measure was provided to
analysts and investors in the form of external guidance and is used by
management to measure operating liquidity.
About Unisys
Unisys is a global IT services company that delivers successful outcomes for
the most demanding businesses and governments. Unisys offerings include
digital workplace services, cloud and infrastructure services and software
operating environments for high-intensity enterprise computing. Unisys
integrates security into all of its solutions. For more information on how
Unisys delivers for its clients across the government, financial services and
commercial markets, visit www.unisys.com.
Forward-Looking Statements
Any statements contained in this release that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not limited
to, any projections or expectations of earnings, revenues, annual contract
value, total contract value, new business ACV or TCV, backlog or other
financial items; any statements of the company's plans, strategies or
objectives for future operations; statements regarding future economic
conditions or performance; and any statements of belief or expectation. All
forward-looking statements rely on assumptions and are subject to various
risks and uncertainties that could cause actual results to differ materially
from expectations. In particular, statements concerning annual and total
contract value are based, in part, on the assumption that each of those
contracts will continue for their full contracted term. Risks and
uncertainties that could affect the company's future results include, but are
not limited to, the following: uncertainty of the magnitude, duration and
spread of the novel coronavirus ("COVID-19") pandemic and the impact of
COVID-19 and governments' responses to it on the global economy and our
business, growth, reputation, projections, prospects, financial condition,
operations, cash flows and liquidity, our ability to attract, motivate and
retain experienced personnel in key positions; our ability to grow revenue and
expand margin in our Digital Workplace Services and Cloud and Infrastructure
businesses; our ability to maintain our installed base and sell new solutions;
the potential adverse effects of aggressive competition in the information
services and technology marketplace; our ability to effectively anticipate and
respond to volatility and rapid technological innovation in our industry; our
ability to retain significant clients; our contracts may not be as profitable
as expected or provide the expected level of revenues; our ability to develop
or acquire the capabilities to enhance the company's solutions; the potential
adverse effects of the concentration of the company's business in the global
commercial sector of the information technology industry; our significant
pension obligations and required cash contributions and the possibility that
we may be required to make additional significant cash contributions to our
defined benefit pension plans; our ability to use our net operating loss
carryforwards and certain other tax attributes may be limited; the risks of
doing business internationally when a significant portion of our revenue is
derived from international operations; the business and financial risk in
implementing future acquisitions or dispositions; cybersecurity breaches could
result in significant costs and could harm our business and reputation; the
performance and capabilities of third parties with whom we have commercial
relationships; a failure to meet standards or expectations with respect to the
company's environmental, social and governance practices; our ability to
access financing markets; a reduction in our credit rating; the adverse
effects of global economic conditions, acts of war, terrorism, natural
disasters or the widespread outbreak of infectious diseases; the impact of
Brexit could adversely affect the company's operations in the United Kingdom
as well as the funded status of the company's U.K. pension plans; a
significant disruption in our IT systems could adversely affect our business
and reputation; we may face damage to our reputation or legal liability if our
clients are not satisfied with our services or products; the potential for
intellectual property infringement claims to be asserted against us or our
clients; the possibility that legal proceedings could affect our results of
operations or cash flow or may adversely affect our business or reputation;
and the company's consideration of all available information following the end
of the quarter and before the filing of the Form 10-Q and the possible impact
of this subsequent event information on its financial statements for the
reporting period. Additional discussion of factors that could affect the
company's future results is contained in its periodic filings with the
Securities and Exchange Commission. The company assumes no obligation to
update any forward-looking statements.
RELEASE NO.: 0506/9832
Unisys and other Unisys products and services mentioned herein, as well as
their respective logos, are trademarks or registered trademarks of Unisys
Corporation. Any other brand or product referenced herein is acknowledged to
be a trademark or registered trademark of its respective holder.
UIS-Q
UNISYS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Unaudited)
(Millions, except per share data)
Three Months Ended
March 31,
2021 2020
Revenue
Services $ 420.4 $ 425.9
Technology 89.4 89.5
509.8 515.4
Costs and expenses
Cost of revenue:
Services 338.7 375.7
Technology 31.9 26.6
370.6 402.3
Selling, general and administrative 90.0 86.8
Research and development 5.6 6.2
466.2 495.3
Operating income 43.6 20.1
Interest expense 10.1 13.9
Other (expense), net (182.6) (48.1)
Loss from continuing operations before income taxes (149.1) (41.9)
Provision for income taxes 8.4 10.8
Consolidated net loss from continuing operations (157.5) (52.7)
Net income attributable to noncontrolling interests 0.3 0.5
Net loss from continuing operations attributable to Unisys Corporation (157.8) (53.2)
Income from discontinued operations, net of tax - 1,068.5
Net income (loss) attributable to Unisys Corporation $(157.8) $1,015.3
Earnings (loss) per share attributable to Unisys Corporation
Basic
Continuing Operations $ (2.45) $ (0.85)
Discontinued Operations - 17.06
Total $ (2.45) $ 16.21
Diluted
Continuing Operations $ (2.45) $ (0.85)
Discontinued Operations - 17.06
Total $ (2.45) $ 16.21
UNISYS CORPORATION
SEGMENT RESULTS
(Unaudited)
(Millions)
Total DWS C&I CPF Other
Three Months Ended March 31, 2021
Customer revenue $509.8 $141.1 $123.3 $167.6 $77.8
Intersegment - - - 1.0 (1.0)
Total revenue $509.8 $141.1 $123.3 $168.6 $76.8
Gross profit percent 27.3 % 13.1 % 9.7 % 61.2 %
Three Months Ended March 31, 2020
Customer revenue $515.4 $160.2 $104.0 $171.7 $79.5
Intersegment - - - 0.1 (0.1)
Total revenue $515.4 $160.2 $104.0 $171.8 $79.4
Gross profit percent 21.9 % 4.5 % (2.7)% 58.3 %
UNISYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Millions)
March 31, December 31,
2021 2020
Assets
Current assets:
Cash and cash equivalents $ 716.6 $ 898.5
Accounts receivable, net 410.3 460.5
Contract assets 45.1 44.3
Inventories 9.6 13.4
Prepaid expenses and other current assets 99.0 89.3
Total current assets 1,280.6 1,506.0
Properties 704.6 727.0
Less-accumulated depreciation and amortization 597.7 616.5
Properties, net 106.9 110.5
Outsourcing assets, net 163.6 173.9
Marketable software, net 195.5 193.6
Operating lease right-of-use assets 70.8 79.3
Prepaid postretirement assets 188.2 187.5
Deferred income taxes 134.1 136.2
Goodwill 108.6 108.6
Restricted cash 9.9 8.2
Other long-term assets 198.5 204.1
Total assets $ 2,456.7 $ 2,707.9
Liabilities and deficit
Current liabilities:
Current maturities of long-term-debt $ 19.9 $ 102.8
Accounts payable 172.7 223.2
Deferred revenue 248.0 257.1
Other accrued liabilities 289.3 352.0
Total current liabilities 729.9 935.1
Long-term debt 521.2 527.1
Long-term postretirement liabilities 1,230.0 1,286.1
Long-term deferred revenue 138.3 137.9
Long-term operating lease liabilities 57.5 62.4
Other long-term liabilities 65.6 71.4
Commitments and contingencies
Total Unisys Corporation stockholders' deficit (331.6) (356.8)
Noncontrolling interests 45.8 44.7
Total deficit (285.8) (312.1)
Total liabilities and deficit $ 2,456.7 $ 2,707.9
UNISYS CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Millions)
Three Months Ended
March 31,
2021 2020
Cash flows from operating activities
Consolidated net loss from continuing operations $ (157.5) $ (52.7)
Income from discontinued operations, net of tax - 1,068.5
Adjustments to reconcile consolidated net loss to net cash used for operating activities:
Gain on sale of U.S. Federal business - (1,059.5)
Foreign currency translation losses 2.9 15.8
Non-cash interest expense 0.9 1.5
Employee stock compensation 3.3 5.1
Depreciation and amortization of properties 7.6 8.2
Depreciation and amortization of outsourcing assets 16.1 16.0
Amortization of marketable software 15.5 13.6
Other non-cash operating activities (0.6) 0.2
Loss on disposal of capital assets 0.8 0.8
Postretirement contributions (21.6) (327.7)
Postretirement expense 169.0 23.5
Deferred income taxes, net (2.0) (5.6)
Changes in operating assets and liabilities:
Receivables, net and contract assets 48.8 (18.6)
Inventories 3.7 5.6
Other assets (15.2) (14.2)
Accounts payable and current liabilities (124.8) (58.0)
Other liabilities 10.2 (0.4)
Net cash used for operating activities (42.9) (377.9)
Cash flows from investing activities
Net proceeds from sale of U.S. Federal business - 1,164.7
Proceeds from investments 1,229.5 828.8
Purchases of investments (1,235.5) (870.5)
Investments in marketable software (17.4) (17.3)
Capital additions of properties (5.1) (5.6)
Capital additions of outsourcing assets (5.0) (4.8)
Other (0.4) (1.5)
Net cash (used for) provided by investing activities (33.9) 1,093.8
Cash flows from financing activities
Net proceeds from short-term borrowings - 59.5
Proceeds from issuance of long-term debt 1.5 2.1
Payments of long-term debt (91.6) (6.1)
Proceeds from exercise of stock options 2.7 -
Other (7.4) (4.7)
Net cash (used for) provided by financing activities (94.8) 50.8
Effect of exchange rate changes on cash, cash equivalents and restricted cash (8.6) (31.0)
Increase (decrease) in cash, cash equivalents and restricted cash (180.2) 735.7
Cash, cash equivalents and restricted cash, beginning of year 906.7 551.8
Cash, cash equivalents and restricted cash, end of year $ 726.5 $ 1,287.5
UNISYS CORPORATION
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES
(Unaudited)
(Millions, except per share data)
Three Months Ended
March 31,
2021 2020
GAAP net loss from continuing operations attributable to Unisys Corporation $(157.8) $(53.2)
Postretirement expense: pretax 169.0 23.5
tax 0.4 0.3
net of tax 168.6 23.2
Cost reduction and other expenses: pretax 19.1 31.8
tax 0.1 0.6
net of tax 19.0 31.2
minority interest - -
net of minority interest 19.0 31.2
Non-GAAP net income from continuing operations attributable to Unisys Corporation 29.8 1.2
Add interest expense on convertible notes - -
Non-GAAP net income attributable to Unisys Corporation for diluted earnings per share $ 29.8 $ 1.2
Weighted average shares (thousands) 64,423 62,650
Plus incremental shares from assumed conversion:
Employee stock plans 1,067 522
Convertible notes - -
Non-GAAP adjusted weighted average shares 65,490 63,172
Diluted earnings (loss) per share from continuing operations
GAAP basis
GAAP net loss from continuing operations attributable to Unisys Corporation for diluted earnings per share $(157.8) $(53.2)
Divided by weighted average shares 64,423 62,650
GAAP diluted loss per share $ (2.45) $(0.85)
Non-GAAP basis
Non-GAAP net income from continuing operations attributable to Unisys Corporation for diluted earnings per share $ 29.8 $ 1.2
Divided by Non-GAAP adjusted weighted average shares 65,490 63,172
Non-GAAP diluted loss per share $ 0.46 $ 0.02
UNISYS CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP
(Unaudited)
(Millions)
FREE CASH FLOW
Three Months Ended
March 31,
2021 2020
Cash provided by (used for) operations $(42.9) $(377.9)
Additions to marketable software (17.4) (17.3)
Additions to properties (5.1) (5.6)
Additions to outsourcing assets (5.0) (4.8)
Free cash flow (70.4) (405.6)
Postretirement funding 21.6 327.7
Discontinued operations - (9.0)
Cost reduction and other payments 24.4 10.7
Adjusted free cash flow $(24.4) $ (76.2)
UNISYS CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP
(Unaudited)
(Millions)
EBITDA
Three Months Ended
March 31,
2021 2020
Net loss from continuing operations attributable to Unisys Corporation $(157.8) $ (53.2)
Net income attributable to noncontrolling interests 0.3 0.5
Interest expense, net of interest income of $1.6, $2.4 respectively* 8.5 11.5
Provision for income taxes 8.4 10.8
Depreciation 23.7 24.2
Amortization 15.5 13.6
EBITDA $(101.4) $ 7.4
Postretirement expense $ 169.0 $ 23.5
Cost reduction and other expenses** 19.1 31.8
Non-cash share based expense 3.3 5.1
Other expense, net adjustment*** 3.9 4.5
Adjusted EBITDA $ 93.9 $ 72.3
*Included in other expense, net on the consolidated statements of income
**Reduced for depreciation and amortization included above
***Other (income) expense, net as reported on the consolidated statements of income less postretirement expense, interest income and items included in cost reduction and other expenses
Three Months Ended
March 31,
2021 2020
Revenue $ 509.8 $ 515.4
Net loss from continuing operations attributable to Unisys Corporation as a percentage of revenue (31.0)% (10.3)%
Adjusted EBITDA as a percentage of revenue 18.4 % 14.0 %
CONTACT: Investors: Courtney Holben, Unisys, 215-986-3379,
courtney.holben@unisys.com, Media: John Clendening, Unisys, 214-403-1981,
john.clendening@unisys.com
Copyright (c) 2021 PR Newswire Association,LLC. All Rights ReservedRecent news on Unisys
See all newsREG-Unisys Corporation: Unisys Announces 1Q24 Results
AnnouncementREG-Unisys Corporation: Unisys Announces 4Q and Full-Year 2023 Results
AnnouncementREG-Unisys Corporation: 3rd Quarter Results
AnnouncementREG-Unisys Corporation: Unisys Announces 2Q23 Results
AnnouncementREG-Unisys Corp: 1st Quarter Results
Announcement