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Unisys Announces Second-Quarter 2017 Financial Results and Reaffirms Full-Year Financial Guidance

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
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
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

BLUE BELL, Pa., August 1, 2017
- Unisys Corporation (NYSE: UIS) today reported second-quarter and first-half 2017 financial results. The company’s Services segment saw year-to-date gross and operating margin expansion of 70 basis points and 20 basis points, respectively, year over year.

The following information was filed by Unisys Corp (UIS) on Tuesday, August 1, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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