BLUE BELL, PA — Unisys Corporation (NYSE: UIS) has released its financial results for the first quarter of 2025, showcasing significant growth in new business signings while maintaining its focus on profitability and innovation.
“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 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.”
The company reported $33.3 million in cash provided by operations, up from $23.8 million in the same period last year, while free cash flow improved to $13.2 million, compared to $3.9 million a year ago. Total revenue for the quarter was $432.1 million, with Ex-License and Support (Ex-L&S) revenue at $361.0 million.
Unisys highlighted progress in its Ex-L&S New Business Total Contract Value (TCV), which climbed to $337 million, reflecting an 83% year-over-year increase driven by new client signings. While revenue dipped 11.4% compared to last year, the decline was in line with expectations, primarily linked to the timing of software license renewals and reduced client volumes. Unisys anticipates a rebound in revenue in the second quarter of 2025.
Gross profit margin for the first quarter was 24.9%, while Ex-L&S gross profit margin stood at 17.8%. Operationally, the company reported a profit margin of 1.2%, with a non-GAAP margin of 2.8%.
Chief Financial Officer Deb McCann emphasized the company’s favorable performance trends and future outlook. “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.”
With a backlog of $2.89 billion at the end of the quarter, an increase from both the prior year and the previous quarter, Unisys remains on track to meet its full-year 2025 financial guidance. The company reiterated expectations for constant currency revenue growth ranging from -1.1% to 0.9%.
Unisys remains focused on delivering innovative, client-centric solutions while strengthening its financial foundation.
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