Unisys Corp. (UIS) Tops Q3 EPS by 87c, Beats on Revenues; Reaffirms FY17 Revenue Outlook

Unisys Corp. (NYSE: UIS) reported Q3 EPS of $0.29, $0.87 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $666 million versus the consensus estimate of $637.08 million.

3Q 17

• Total revenue of $666 million, flat on a sequential basis, an approximately 2 percent year-over-year decline
• Technology revenue up 10 percent year-over-year to $91 million
• Services revenue of $576 million, a 4 percent year-over-year decline; Services operating profit margin of 3 percent, a 480 basis point sequential improvement and a 60 basis point year-over-year improvement
• Operating profit margin of (4) percent, relative to (1) percent in the prior-year period; non-GAAP operating profit margin(4) of 7.3 percent, up 370 basis points sequentially and up 60 basis points year-over-year
• Services backlog up 1 percent sequentially at $3.7 billion
• 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

For earnings history and earnings-related data on Unisys Corp. (UIS) click here.

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