Revenue Performance - Full-year revenue for 2024 was $2,008.4 million, a decrease of 0.3% year over year, meeting the company's guidance[4] - Fourth quarter revenue declined 2.2% year over year, with Ex-L&S revenue down 4.7% year over year, primarily due to lower volume with existing clients[7] - Total revenue for Q4 2024 was $545.4 million, a decrease of 2.0% from $557.6 million in Q4 2023[33] - Revenue for Q4 2024 was $545.4 million, slightly down from $557.6 million in Q4 2023, while total revenue for the year was $2,008.4 million compared to $2,015.4 million in 2023[50] Profitability Metrics - Full-year gross profit margin improved to 29.2%, up 180 basis points year over year; Ex-L&S gross profit margin increased to 17.6%, an improvement of 250 basis points[4] - Operating profit margin for the full year 2024 improved to 4.8%, an increase of 100 basis points year over year[4] - Non-GAAP operating profit for the year ended December 31, 2024, was $97.4 million, compared to $76.9 million in 2023, reflecting a significant improvement[33] - The gross profit margin for the total revenue in Q4 2024 was 32.1%, slightly down from 32.5% in Q4 2023[36] - Adjusted EBITDA for Q4 2024 was $91.4 million, representing 16.8% of revenue, compared to 18.0% in Q4 2023[50] - Non-GAAP operating profit for Q4 2024 was $63.3 million, with a non-GAAP operating profit margin of 11.6%, compared to 11.5% in Q4 2023[50] - The operating profit for Q4 2024 was $48.6 million, an increase from $44.0 million in Q4 2023, resulting in an operating profit margin of 8.9%[50] Cash Flow and Financial Health - Free cash flow for the full year 2024 nearly doubled to $82 million, significantly improving from a negative $4.5 million in 2023[3] - Free cash flow for 2024 was $55.3 million, compared to a negative free cash flow of $(4.5) million in 2023[46] - Net cash provided by operating activities increased from $74.2 million in 2023 to $135.1 million in 2024, a growth of approximately 82.1%[41] - The company reported a consolidated net income of $30.0 million for Q4 2024, a recovery from a net loss of $165.3 million in Q4 2023[33] Business Growth and Contracts - New Business Total Contract Value (TCV) for 2024 reached $791 million, representing a 29% increase year over year driven by new logo signings[4] - Total Contract Value (TCV) for new business was highlighted as a key growth driver, although specific figures were not disclosed[24] - The company anticipates revenue growth in 2025, with a focus on artificial intelligence adoption and innovation[24] - The company expects 2025 revenue growth in constant currency to be between 0.5% and 2.5%, with a non-GAAP operating profit margin guidance of 6.5% to 8.5%[18] Balance Sheet and Assets - Total assets decreased from $1,965.4 million in 2023 to $1,872.3 million in 2024, a decline of approximately 4.7%[38] - Total current liabilities decreased from $650.9 million in 2023 to $628.0 million in 2024, a reduction of approximately 3.5%[38] - Long-term debt remained relatively stable, decreasing slightly from $491.2 million in 2023 to $488.2 million in 2024[38] - Goodwill decreased from $287.4 million in 2023 to $247.9 million in 2024, a decline of approximately 13.8%[38] - Cash, cash equivalents, and restricted cash at the end of the period were $390.6 million, down from $396.7 million in 2023[41] Challenges and Impairments - The company continues to face challenges related to foreign currency fluctuations impacting revenue from international operations[24] - The company experienced a goodwill impairment of $39.1 million for the year ended December 31, 2024[50] - Consolidated net loss improved from $(427.1) million in 2023 to $(193.2) million in 2024, representing a reduction of about 54.7%[41] - Non-GAAP net income attributable to Unisys Corporation for 2024 was $32.1 million, down from $41.7 million in 2023, a decrease of about 23.0%[44] - Diluted earnings per share on a GAAP basis improved to $0.41 in 2024 from $(2.42) in 2023[44]

Core Insights - Unisys Corporation exceeded its profitability guidance and met its revenue guidance for 2024, showing significant improvements in operating and free cash flow year over year [3][8][17] Financial Performance - Fourth quarter 2024 revenue was $545.4 million, a decline of 2.2% year-over-year, while full-year revenue was $2,008.4 million, down 0.3% year-over-year [5][8] - Excluding License and Support (Ex-L&S) revenue for Q4 2024 was $393.7 million, a decrease of 4.7% year-over-year, and for FY24 it was $1,576.9 million, down 0.6% year-over-year [5][6] - License and Support (L&S) revenue for Q4 2024 was $151.7 million, an increase of 5.1% year-over-year, and for FY24 it was $431.5 million, up 0.6% year-over-year [5][6] - Gross profit margin for FY24 improved to 29.2%, up 180 basis points year-over-year, while Ex-L&S gross profit margin improved to 17.6%, an increase of 250 basis points year-over-year [8][10] Cash Flow and Profitability - Full-year operating cash flow was $135.1 million, compared to $74.2 million in 2023, and free cash flow was $55.3 million, compared to a negative $4.5 million in 2023 [8][13] - Pre-pension and postretirement free cash flow nearly doubled to $82 million for the full year [3][8] Business Growth and Contracts - The company signed 29% more New Business Total Contract Value (TCV) driven by new logo signings, totaling $791 million for FY24 [3][8] - Total company TCV for FY24 was $1,946 million, a decline of 11% year-over-year, primarily due to the timing of renewals [14] Segment Performance - Digital Workplace Solutions (DWS) revenue for Q4 2024 was $128.2 million, down 7.9% year-over-year, while Cloud, Applications & Infrastructure Solutions (CA&I) revenue was $132.1 million, down 4.9% year-over-year [9][11] - Enterprise Computing Solutions (ECS) revenue increased by 2.9% year-over-year to $208.9 million in Q4 2024, driven by software license renewals [12] Guidance for 2025 - The company issued guidance for 2025, projecting revenue growth in constant currency of 0.5% to 2.5% and a non-GAAP operating profit margin of 6.5% to 8.5% [17][18]

Core Insights - Unisys has introduced a new multi-modal route optimization (MMRO) module aimed at enhancing the performance and cost management of freight companies [1][2] - The MMRO module analyzes various data points, including cargo details, weather data, and historical performance, to recommend optimal routes for freight forwarders and third-party logistics companies [2][3] - The solution is designed to address the industry's primary concern of transit delays, ultimately improving on-time deliveries and customer satisfaction [2][3] Company Overview - Unisys is a global technology solutions company that provides a range of services including cloud, AI, digital workplace, logistics, and enterprise computing [5] - The MMRO module is the second part of Unisys' Logistics Optimization solution, following the successful launch of a capacity optimization module in 2023 [3] - The company has a long-standing history of supporting the logistics market through its various management solutions [3]

Core Insights - Unisys has been recognized as a global leader in ISG's 2024 Advanced Analytics and AI Services Provider Lens™, excelling in three key areas: Advanced Business Intelligence and Reporting Modernization Services, Data Science and AI Services – Midsize, and Data Modernization Services – Midsize [1][2] Company Highlights - Unisys is committed to pioneering generative AI solutions that deliver high-impact results while ensuring security, compliance, and data privacy [2] - The company emphasizes the importance of leveraging data as a strategic asset to drive growth, innovation, and value for stakeholders [2] - Unisys promotes responsible data usage by balancing advanced AI capabilities with ethical data stewardship, enhancing operational clarity in complex digital environments [3] Service Offerings - Enhanced BI reporting and collaboration are key features, ensuring insights are accessible and fostering a data-driven decision-making culture [6] - The transformation of legacy systems into modern, cloud-based platforms is a significant focus, addressing the evolving demands of the digital landscape [6] - Unisys provides a range of innovative solutions, including machine learning operations (MLOps) and virtual assistants, showcasing adaptability and leadership in AI advancements [6]

CHICAGO and BLUE BELL, Pa., Feb. 4, 2025 /PRNewswire/ -- Unisys (NYSE: UIS), a leading global technology solutions provider, has joined the Chicago Quantum Exchange (CQE), launching a partnership aimed at driving industry-specific applications for quantum technology, developing top-tier quantum talent, and strengthening the Illinois-Wisconsin-Indiana quantum ecosystem.Unisys brings extensive expertise in quantum solutions and services across logistics, meteorology, financial modeling, and cryptography, cont ...

BLUE BELL, Pa., Jan. 30, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) announced it will release its fourth-quarter and full-year 2024 financial results on Tuesday, February 18, 2025, after the close of trading on the New York Stock Exchange.Unisys will host a conference call with the financial community on Wednesday, February 19, 2025, at 8 a.m. EST to discuss the results.The company will offer a live, listen-only conference call webcast on the Unisys Investor Website at www.unisys.com/investor. In addition, dom ...

Unisys enables Finnair Cargo to strengthen its digital presence, streamline operationsand reach a new customer base BLUE BELL, Pa., Jan. 27, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) announces the addition of Finnair Cargo – a leading global air cargo carrier specializing in fast and high-quality transport between Asia, Europe, and North America – to its Cargo Portal Services (CPS) platform. This strategic collaboration provides enhanced access and visibility to Finnair's cargo destinations, capacity and rout ...

Company Performance and Growth - Unisys' strong performance is driven by robust market demand for AI and cloud transformation, along with its innovative solutions [1] - The Zacks Consensus Estimate for Unisys' 2025 earnings is 61 cents per share, reflecting a year-over-year growth of 96.77% [2] - Unisys' 2025 revenue is estimated at $2.1 billion, indicating a year-over-year growth of 3.42% [2] - Unisys has beaten the Zacks Consensus Estimate for earnings in three of the past four quarters, with an average surprise of 50.58% [2] - Unisys shares have surged 36.7% over the past six months, outperforming the Zacks Computer and Technology sector (1%) and the Computers – IT Services industry (11.8%) [8] - Unisys shares have outperformed peers like ServiceNow (32.3%), DXC Technology (2.5%), and Draganfly (-39.9%) over the past six months [8] AI and Innovation - Unisys is leveraging over 120 active AI projects across diverse industries to deliver tailored, cutting-edge solutions [4] - The company's generative AI-powered tools, such as the Unisys Service Experience Accelerator and custom education companions, address specific client needs and enhance operational capabilities [4] - Unisys is advancing logistics optimization by using AI and quantum annealing to improve cargo solutions, expanding its presence in the travel and transportation sectors [5] Market Challenges - Unisys faces intense competition from rivals utilizing cutting-edge technologies like Generative AI, cloud computing, and digital transformation tools [5] - Macroeconomic uncertainties, including inflation and regulatory changes, are creating headwinds that could impact Unisys' growth [6] Investment Outlook - Unisys currently carries a Zacks Rank 3 (Hold), suggesting investors may wait for a more favorable entry point [7]

Core Insights - Unisys has been recognized as a Leader in the Avasant End-User Computing Services 2024-2025 RadarView™ report for the second consecutive year, highlighting its excellence and innovation in enhancing user experience and driving business outcomes [1][2][4] Group 1: Recognition and Ratings - The Avasant RadarView™ report evaluated 34 providers and Unisys received a five-star rating in practice maturity, partner ecosystem, and investments and innovation, indicating strong leadership in the end-user services market [2] - The recognition reflects Unisys' commitment to innovation and excellence in delivering solutions that meet the evolving needs of clients [4] Group 2: Company Overview and Solutions - Unisys is a global technology solutions company that offers services in cloud, AI, digital workplace, logistics, and enterprise computing, helping clients unlock their full potential [5] - The company provides persona-based end-user computing services that focus on user experience, utilizing predictive analytics, automation, and user sentiment analysis to connect user experiences with business outcomes [6] - Unisys offers subscription-based device life cycle management services, covering procurement, image and application management, provisioning, patching, monitoring, support, and replacement [6] - The company enhances employee collaboration and communication for frontline workers using Microsoft 365 and Teams, automating workflows to increase productivity [6] - Unisys is developing innovative solutions, including generative AI-based knowledge management and a digital assistant, as well as expanding device life cycle management for AR/VR/MR devices and assisting clients with post-quantum encryption readiness [6]

Digital agility, client-centric and scalable solutions, and automation capabilities position Unisys as a leader across multiple quadrants in the U.S., U.S. Public Sector, UK and BrazilBLUE BELL, Pa., Jan. 9, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) has been named a leader in the 2024 ISG Provider Lens™ Multi Public Cloud Services Report. The report evaluates providers' ability to facilitate public cloud services, including migration, consulting and transformation, managed services, financial operations servi ...