Unisys reports Q1 EPS (42c), consensus (22c)

Reports Q1 revenue $432.1M, consensus $441.2M. “We are pleased with the momentum in New Business signings we achieved during the quarter, which increased more than 80% year-over-year,” said Michael Thomson, Unisys (UIS) CEO and President. “We are delivering innovative solutions focused on our clients’ highest priority business objectives, such as improving efficiency, bolstering security and unlocking data to fuel intelligent insights. As our portfolio evolves, we are also making progress on our financial objectives to increase profitability and enhance free cash flow.” Unisys Chief Financial Officer Deb McCann said, “We achieved solid profitability results in the first quarter and continue to see favorable trends in our License & Support solutions, where clients are making long-term commitments to the Unisys software and industry application ecosystem. We are reiterating our full-year financial guidance for constant currency revenue growth and see a path to come in above the midpoint of our profitability guidance.”