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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Unisys Corporation | LSE:USY | London | Ordinary Share | COM STK US$0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.51 | 2 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cmp Integrated Sys Design | 2.02B | -430.7M | -6.2958 | -0.79 | 340.68M |
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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 (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))
o 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.
o 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)
o 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)
o 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)
o 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
o Net income margin of (31.0)% vs. (10.3)% in 1Q20 (2070 bps decline)
o 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
o 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
o 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
o 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 (157.8) (53.2)
Corporation
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 $ $ 16.21
(2.45)
Diluted
Continuing Operations $ $
(2.45) (0.85)
Discontinued Operations - 17.06
Total $ $ 16.21
(2.45)
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 (8.6) (31.0)
and restricted cash
Increase (decrease) in cash, cash equivalents and (180.2) 735.7
restricted cash
Cash, cash equivalents and restricted cash, beginning of 906.7 551.8
year
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 29.8 1.2
Unisys Corporation
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 $ $ 0.02
0.46
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 $(157.8) $ (53.2)
Corporation
Net income attributable to noncontrolling interests 0.3 0.5
Interest expense, net of interest income of $1.6, $2.4 8.5 11.5
respectively*
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 (31.0)% (10.3)%
Corporation as a percentage of revenue
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
END
(END) Dow Jones Newswires
May 07, 2021 02:00 ET (06:00 GMT)
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