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Unisys(UIS) - 2022 Q3 - Earnings Call Presentation
2022-11-08 12:39
UNÍSYS © 2021 Unisys Corporation. All rights reserved. | Third-Quarter 2022 Financial Results Peter Altabef, Chair & CEO Deb McCann, CFO November 8, 2022 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Unisys(UIS) - 2022 Q2 - Earnings Call Transcript
2022-08-06 21:18
Financial Data and Key Metrics Changes - Total company revenue grew 2.8% year-over-year in constant currency or remained flat as reported [43] - Total company ACV grew 25% year-over-year, with DWS ACV growing 15% and CA&I ACV growing 63% year-over-year [25][47] - Total company gross profit was $148 million, up 4.1% year-over-year, with a gross margin of 28.8%, up 130 basis points [54] Business Line Data and Key Metrics Changes - Digital Workplace Solutions (DWS) revenue decreased 11.7% year-over-year in constant currency, but excluding exited contracts, it grew 5.7% [48] - Cloud Applications and Infrastructure (CA&I) revenue grew 8.7% year-over-year in constant currency, driven by higher-margin digital platforms and applications [46] - Enterprise Computing Solutions (ECS) segment saw 11.3% year-over-year constant currency growth due to early renewals of ClearPath Forward licenses [44] Market Data and Key Metrics Changes - Total company pipeline grew 30% year-over-year, with DWS pipeline increasing by 20% and CA&I pipeline growing by 45% [26] - The pipeline for Modern Workplace and digital platforms and applications now amounts to approximately $1 billion of the total $6 billion pipeline [27] Company Strategy and Development Direction - The company is focusing on higher growth, higher margin solutions in digital workplace and cloud applications [8][14] - A brand transformation is planned to enhance awareness and engagement, launching in Q4 2022 [30] - The company aims to stabilize labor costs and improve internal talent deployment through career development programs [32] Management's Comments on Operating Environment and Future Outlook - Management noted that demand drivers such as digital transformation and hybrid work models remain robust, but signings have been slower than expected due to macroeconomic uncertainties [36][37] - Revenue and profitability guidance for the year has been lowered due to delayed signings and foreign exchange impacts, but growth is still expected in the second half [52][60] Other Important Information - The company announced a goal of net zero greenhouse gas emissions for Scope 1 and 2 by 2030 [35] - A recent cyberattack incident is being addressed with no service disruptions reported [35] Q&A Session Summary Question: Update on pension in light of market conditions - Management indicated that the accounting deficit for the pension plan is expected to improve due to higher discount rates, but cash contributions may be required depending on market conditions [70][72] Question: Causes of signing delays - Management attributed signing delays to macroeconomic uncertainties rather than internal processes, with a significant portion of revenue being long-term contracts [73][76] Question: Target margins on new contracts - Management confirmed that target margins for new contracts are higher than in previous years, driven by a shift to higher-margin work [82][85] Question: Distinction in customer needs for new deals - Management noted that successful deals often involve comprehensive solutions rather than one-off services, leading to richer contracts [107] Question: ECS renewals timing - Management explained that some ECS renewals were signed earlier than anticipated, contributing to better-than-expected results for the segment [110]
Unisys(UIS) - 2022 Q2 - Quarterly Report
2022-08-03 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...
Unisys(UIS) - 2022 Q1 - Earnings Call Transcript
2022-04-28 18:36
Financial Data and Key Metrics Changes - The company's revenue declined by 12.4% year-over-year, which was in line with expectations, while on a constant currency basis, the decline was 10.3% [39][40] - Non-GAAP net loss was $27.3 million or $0.41 per diluted share compared to non-GAAP net income of $29.8 million or $0.46 per diluted share in the prior year [60] - The total company backlog as of March 31 was down slightly to $2.9 billion from $3 billion at year-end [49] Business Line Data and Key Metrics Changes - Digital Workplace Solutions (DWS) annual contract value (ACV) grew 65% year-over-year, while revenue was impacted by exited non-strategic contracts [13][44] - Cloud and Infrastructure (C&I) revenues grew 7% year-over-year, with cloud revenue specifically increasing by 43% year-over-year [18][47] - Enterprise Computing Solutions (ECS) revenue was $121 million, slightly better than internal expectations, but lower year-over-year due to fewer contracts scheduled for renewal [40][48] Market Data and Key Metrics Changes - Total company ACV grew 43% year-over-year, with total company total contract value (TCV) up 5% year-over-year [23] - The DWS pipeline increased by 14% year-over-year and 29% sequentially, while the C&I pipeline grew 40% year-over-year [24][25] - The weighted average expected gross margin associated with contracts signed in the first quarter was higher than the prior year period [25] Company Strategy and Development Direction - The company is focusing on enhancing its solution portfolio and increasing market awareness to drive new business signings and wallet share from existing clients [11][41] - A new branding strategy is underway, expected to roll out in the second half of the year to differentiate the company in the market [28] - The company is deploying an account-based marketing strategy to target high-value prospects and increase revenue from existing clients [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the significant increase in new business signed in the first quarter and expects momentum to accelerate in the second half of the year [37][38] - The company anticipates improving revenue trends as it moves beyond the headwinds of exited contracts [48] - Management acknowledged the competitive labor market and is focusing on talent attraction and retention initiatives [29][31] Other Important Information - The company received an upgrade from MSCI to an A rating and achieved an 80% reduction in greenhouse gas emissions, exceeding its 2026 objective five years early [32][33] - The CFO announced his transition to a new role as president and COO, with a new CFO set to join the company [34][35] Q&A Session Summary Question: What drove the increase in ACV and pipeline? - Management noted that the revenue decline was expected, and the increase in ACV was driven by a diverse set of deals rather than a few large contracts [70][76] Question: Are you pursuing sole source deals or competitive bids? - A significant portion of signings are expansion extensions, which tend to be sole source, while larger deals are mostly competitively bid [86] Question: Is the revenue guidance impacted by DWS client softness or weaker license renewals? - The guidance reflects both factors, with a notable impact from the existing client base's conversion appetite [87] Question: How is the competitive environment changing? - The company does not have operations in Russia or Ukraine but is looking to recruit IT professionals from Ukraine [92] Question: How did the contract scope evolve with the client? - The contract began as an ECS relationship and expanded to include DWS and C&I solutions, showcasing successful cross-selling efforts [96]
Unisys(UIS) - 2022 Q1 - Earnings Call Presentation
2022-04-28 12:12
© 2021 Unisys Corporation. All rights reserved. | First Quarter 2022 Financial Results Peter Altabef, Chair & CEO Mike Thomson, CFO April 27, 2022 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...
Unisys(UIS) - 2022 Q1 - Quarterly Report
2022-04-27 20:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...
Unisys(UIS) - 2021 Q4 - Earnings Call Presentation
2022-02-22 17:36
UNISYS 1 Full Year & Fourth Quarter 2021 Financial Results Peter Altabef, Chair & CEO Mike Thomson, CFO February 21, 2022 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Unisys(UIS) - 2021 Q4 - Earnings Call Transcript
2022-02-22 17:33
Unisys Corporation (NYSE:UIS) Q4 2021 Earnings Conference Call February 22, 2022 8:00 AM ET Company Participants Courtney Holben - Vice President, Investor Relations Peter Altabef - Chair and CEO Mike Thomson - Chief Financial Officer Conference Call Participants Rod Bourgeois - DeepDive Equity Research Matt Galinko - Maxim Jon Tanwanteng - CJS Securities Joseph Vafi - Canaccord Anja Soderstrom - Sidoti Operator Good day. And welcome to the Unisys Corporation Fourth Quarter and Full Year 2021 Earnings Call. ...
Unisys(UIS) - 2021 Q4 - Annual Report
2022-02-22 14:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
Unisys(UIS) - 2021 Q3 - Earnings Call Transcript
2021-11-03 15:17
Unisys Corporation (NYSE:UIS) Q3 2021 Results Earnings Conference Call November 3, 2021 8:00 AM ET Company Participants Courtney Holben - Vice President, Investor Relations Peter Altabef - Chair and Chief Executive Officer Mike Thomson - Executive Vice President and Chief Financial Officer Conference Call Participants Rod Bourgeois - DeepDive Equity Research Joseph Vafi - Canaccord Genuity Securities LLC Matthew Galinko - Maxim Group, LLC Jon Tanwanteng - CJS Securities Anja Soderstrom - Sidoti & Co., LLC O ...