Q1 2025 Unisys Corp Earnings Call Transcript
Key Points
- Unisys Corp (UIS) achieved strong growth in new business total contract value (TCV), driven by sustained momentum in new logos.
- The company expects enhanced delivery and operational efficiencies to provide a path above the midpoint for profitability guidance.
- Unisys Corp (UIS) has a significant pipeline of device subscription services (DSS) opportunities, with new contracts signed in the quarter.
- The company launched its first post-quantum cryptography solution, expanding its security portfolio.
- Unisys Corp (UIS) was recognized as a leader in attack surface management and achieved titanium partner status with Dell, enhancing its market presence.
- First quarter revenue was down 11.4% year over year, primarily due to Ex-L&S renewal timing.
- The company's non-GAAP operating profit margin decreased to 2.8% from 7.1% in the prior period.
- There is ongoing macroeconomic and geopolitical uncertainty, including tariffs and trade restrictions, affecting client decision-making.
- The company experienced lower discretionary volumes in the Digital Workplace Solutions (DWS) and Cloud Applications & Infrastructure (CA&I) segments.
- Unisys Corp (UIS) reported a net income loss of $30 million for the first quarter.
Good morning and welcome to the Unisys Corporation. first quarter 2025 Financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing, then 0 on your telephone keypad.
After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press then 1 on your telephone keypad. To withdraw your question, please press 2. Please note this event is being recorded. I would now like to turn the conference over to Michaela Pewarski, Vice President of Investor Relations. Please go ahead.
Thank you, operator. Good morning, everyone.
Thank you for joining us. Yesterday afternoon, Unisys released its first quarter 2025 financial results. I'm joined this morning to discuss those results by Mike Thomson, our CEO and President, and Debra McCann, our Chief Financial Officer.
As a reminder, certain statements in today's conference call contain estimates
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