In Q1 2024, Unisys Corp reported a 5.5% YoY revenue decline, net loss increase, but improved cash flow and reiterated strong guidance.
Unisys Corp reported Q1 2024 earnings with revenue of $487.8M (5.5% YoY decline), a net loss of $149.5M (increased from $175.4M YoY), and a gross profit margin of 27.9% (down 290 bps YoY). Operating cash flow improved to $23.8M from $12.8M YoY, and free cash flow turned positive at $3.9M. Excluding License and Support revenue grew 4.0% YoY, and full-year guidance was reiterated with expectations of strong performance in the second half of the year.
May 07, 2024
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