Unisys reports Q2 non-GAAP EPS (9c), consensus (40c)

Reports Q2 revenue $476.8M, consensus $463.17M. Reports Q2 Backlog $2.69B vs. $2.79B in Q1, primarily driven by contract renewal timing. “Our Q2 results demonstrate continued improvement in the performance of our Ex-L&S Solutions,” said Unisys Chair and CEO Peter A. Altabef. “These solutions experienced solid growth and margin expansion during the period. Our growth was driven by continued demand for our Next-Gen Solutions. These offerings are leading to new opportunities with existing and prospective clients who are increasingly viewing Unisys as an innovative solutions partner in employee experience and digital transformation. Our portfolio of Next-Gen Solutions, engineering capabilities and technology ecosystem position us to help transform enterprises and organizations and drive business outcomes using the full potential of data and AI.”