UPDATE: Unisys Corp. (UIS) Misses Q1 EPS by 14c, Revenues Beat; Provides FY19 Growth Outlook

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Go back to UPDATE: Unisys Corp. (UIS) Misses Q1 EPS by 14c, Revenues Beat; Provides FY19 Growth Outlook

Unisys Announces 1Q19 Results; Services Revenue Growth Continues with Highest Quarterly Growth Since 2003; Company Raises Full-Year Guidance for Non-GAAP Adjusted Revenue and Reaffirms Guidance for No

May 2, 2019 4:01 PM EDT

BLUE BELL, Pa., May 2, 2019 /PRNewswire/ --

Services revenue grew 7.7% year over year (11.7% on a constant-currency(3) basis); Services non-GAAP adjusted revenue(5) grew 7.3% year over year, the highest quarterly rate since 2003 Total 1Q19 revenue of $695.8 million versus $708.4 million in prior-year period (reflective of the additional $53 million of revenue recorded upon adoption of ASC 606 in 1Q18), up 2.3% on a constant-currency basis; Total non-GAAP adjusted revenue grew 5.9% year over year, the highest quarterly rate since 2014 Services backlog(4) was stable year over year at $4.7 billion Company raises full-year guidance for non-GAAP... More