Unisys Corp. (UIS) Reports Q2 EPS of $0.03, Miss on Revenues; Reaffirms FY Revenue Guidance

Unisys Corp. (NYSE: UIS) reported Q2 EPS of $0.03, versus ($0.43) reported last year. Revenue for the quarter came in at $666 million versus the consensus estimate of $674.55 million.

Full-Year Guidance

Unisys reaffirms full-year 2017 guidance for revenue of $2.65-2.75 billion, non-GAAP operating profit margin of 7.25-8.25 percent and adjusted free cash flow of $130-170 million

2Q 17

• Total revenue of $666 million, versus $749 million in the prior-year period, impacted in part as expected by lower Technology revenues year over year
• Operating profit margin of (4) percent; Non-GAAP operating profit margin of 4 percent
• New business TCV up 74 percent year over year
• Services backlog relatively flat sequentially at $3.7 billion
• Successfully closed $440 million Senior Secured Notes offering

1H 17

• Services gross margin up 70 basis points year over year, Services operating profit margin up 20 basis points year over year
• Services segment revenue decline of 4 percent year over year, an improvement of 300 basis points versus rate in prior-year period (3 percent year-over-year decline in constant currency(2))
• Total revenue of $1,331 million, a 6 percent decline year over year (5 percent decline year over year in constant currency)
• Operating profit margin of (2) percent; Non-GAAP operating profit(4) margin of 5 percent
• New business TCV(1) up 65 percent year over year

GUIDANCE:

Unisys Corp. sees Q3 2017 revenue of $2.65-2.75 million, versus the consensus of $2.74 million.

For earnings history and earnings-related data on Unisys Corp. (UIS) click here.

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