Unisys(US:UIS) Prnewswire·2025-11-05 21:15Core Insights - Unisys Corporation reported a decline in revenue and net loss for the third quarter of 2025, while reiterating its non-GAAP operating profit margin guidance of 8% to 9% and advancing its pension strategy through an annuity purchase transaction [2][6][17]. Financial Performance - Total revenue for 3Q25 was $460.2 million, down 7.4% year-over-year (YoY) and 9.0% in constant currency [5][6]. - Excluding License and Support (Ex-L&S) revenue, the total was $377.2 million, a decrease of 3.9% YoY and 5.8% in constant currency [5][6]. - The company reported a net loss attributable to Unisys Corporation of $308.9 million, compared to a loss of $61.9 million in 3Q24 [5][9]. - Non-GAAP operating profit was $24.8 million, down from $49.4 million in the same quarter last year [5][6]. Segment Performance - Digital Workplace Solutions (DWS) revenue decreased by 4.3% YoY to $125.3 million, while Cloud, Applications & Infrastructure Solutions (CA&I) revenue fell by 4.8% YoY to $180.4 million [10][11]. - Enterprise Computing Solutions (ECS) experienced a significant decline, with revenue down 13.5% YoY to $133.2 million [10][11]. Cash Flow and Liquidity - Cash and cash equivalents increased by 7.0% quarter-over-quarter to $321.9 million [6][12]. - Cash provided by operations was $38.0 million, up from $32.0 million in 3Q24, with free cash flow of $19.9 million compared to $14.2 million in the prior year [6][13]. Pension Strategy - The company purchased an annuity contract to transfer $320 million of projected U.S. defined benefit pension liabilities to a third-party insurer, marking the first step in a plan to reduce approximately $600 million in pension liabilities by the end of 2026 [9][6]. Guidance and Outlook - Unisys has lowered its full-year constant currency revenue growth guidance to a range of -4.0% to -3.0% and reiterated its non-GAAP operating profit margin guidance [17].