Unisys(UIS)
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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 ...
Unisys(UIS) - 2021 Q3 - Earnings Call Presentation
2021-11-03 13:08
Third Quarter 2021 Financial Results Peter Altabef, Chair & CEO Mike Thomson, CFO November 3rd, 2021 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Unisys(UIS) - 2021 Q3 - Quarterly Report
2021-11-02 20:34
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 September 30, 2021 ☐ 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 ...
Unisys(UIS) - 2021 Q2 - Earnings Call Transcript
2021-08-03 17:38
Unisys Corporation (NYSE:UIS) Q2 2021 Earnings Conference Call August 3, 2021 8:00 AM ET Company Participants Courtney Holben – Vice President-Investor Relations Peter Altabef – Chief Executive Officer Mike Thomson – Chief Financial Officer Conference Call Participants Joseph Vafi – Canaccord Jon Tanwanteng – CJS Securities Rod Bourgeois – DeepDive Equity Research Ana Goshko – Bank of America Sienna Mori – Goldman Sachs Operator Good day, everyone and welcome to the Unisys Corporation Second Quarter 2021 Ea ...