Unisys Corp. (UIS) Misses Q2 EPS by 8c, Revenues Miss

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Go back to Unisys Corp. (UIS) Misses Q2 EPS by 8c, Revenues Miss

Unisys Announces Second-Quarter Results

August 4, 2020 4:01 PM EDT

BLUE BELL, Pa., Aug. 4, 2020 /PRNewswire/ --

Full-year revenue expectations unchanged relative to end of Q1 at (10)% YoY Current expectations for full-year non-GAAP operating profit margin between 5.2% and 6.7% Services gross profit margin of 15.5%, up 260 basis points sequentially Strong cash balance of $782 million, relative to $790 million at the end of the first quarter Total company revenue of $439 million, relative to $569 million in prior-year period Total company operating profit margin of (1.9)%, relative to 9.3% in prior-year period, largely due to timing of ClearPath Forward® renewals within Technology... More