BLUE BELL, Pa., June 16, 2023 /PRNewswire/ -- On Thursday,
Unisys (NYSE: UIS) hosted their Investor Day in New York City, where close to 50 in-person and
virtual attendees learned from Unisys senior leadership about the
company's strategic vision, portfolio of enhanced solutions and its
multi-year financial targets.
Investors were presented with client examples that showcase how
Unisys goes to market, the role the company plays in helping
clients solve their most critical business challenges and the
strong demand for Next-Gen IT solutions aligned with the company's
solutions portfolio.
"I'm proud to spend time with our investors and talk about the
opportunities we have ahead of us," said Debra McCann, Unisys chief financial officer.
"We're confident that we have the right strategy, solution
portfolio and team to grow revenue and free cash flow and increase
shareholder value."
A webcast replay is available for viewing at
www.unisys.com/investor. Please direct any questions to Unisys
Investor Relations, via e-mail, at investor@unisys.com.
Forward-Looking Statements
This press release and the
accompanying presentation contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
Unisys Corporation (Unisys or the Company) cautions readers that
the assumptions forming the basis for forward-looking statements
include many factors that are beyond Unisys' ability to control or
estimate precisely, such as estimates of future market conditions,
the behavior of other market participants and that ACV and TCV are
based, in part, on the assumption that each of those contracts will
continue for their full contracted term. Words such as
"anticipates," "estimates," "expects," "projects," "may," "will,"
"intends," "plans," "believes," "should" and similar expressions
may identify forward-looking statements and such forward-looking
statements are made based upon management's current expectations,
assumptions and beliefs as of this date concerning future
developments and their potential effect upon Unisys. There can be
no assurance that future developments will be in accordance with
management's expectations, assumptions and beliefs or that the
effect of future developments on Unisys will be those anticipated
by management. Forward-looking statements in this press release and
the accompanying presentation include, but are not limited to, our
long-term targets for revenue, margins, adjusted EBITDA and free
cash flow, growth of our Next-Gen solutions, market size, expansion
and cross-selling opportunities, our ability to decrease SG&A,
2023 guidance for revenue, non-GAAP operating margin and adjusted
EBITDA margin, gross margin relating to revenue and gross profit
excluding License and Support, strategies or objectives for future
operations and our pension liability, and statements regarding
future economic conditions or performance.
Additional information and factors that could cause actual results
to differ materially from Unisys' expectations are contained in
Unisys' filings with the U.S. Securities and Exchange Commission
(SEC), including Unisys' Annual Reports on Form 10-K and subsequent
Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K,
and other SEC filings, which are available at the SEC's web site,
http://www.sec.gov. Information included in this press release and
the accompanying presentation is representative as of the date of
the presentation only and while Unisys periodically reassesses
material trends and uncertainties affecting Unisys' results of
operations and financial condition in connection with its
preparation of management's discussion and analysis of results of
operations and financial condition contained in its Quarterly and
Annual Reports filed with the SEC, Unisys does not, by including
this statement, assume any obligation to review or revise any
particular forward-looking statement referenced herein in light of
future events.
Non-GAAP Measures
This press release and the accompanying presentation includes
non-GAAP financial information such as non-GAAP operating profit,
EBITDA, adjusted EBITDA, and revenue excluding License and Support.
The Company's non-GAAP financial measures exclude certain items
such as postretirement expense and cost-reduction activities and
other expenses that the Company believes are not indicative of its
ongoing operations, as they may be unusual or non-recurring. The
inclusion of such items in financial measures can make the
Company's profitability and liquidity results difficult to compare
to prior periods or anticipated future periods and can distort the
visibility of trends associated with the Company's ongoing
performance. Management also believes that non-GAAP measures are
useful to investors because they provide supplemental information
about the Company's financial performance and liquidity, as well as
greater transparency into management's view and assessment of the
Company's ongoing operating performance.
The following measures are often provided and utilized by the
Company's management, analysts, and investors to enhance
comparability of year-over-year results. Non-GAAP operating profit
excludes pretax postretirement expense and pretax charges in
connection with cost-reduction activities and other expenses.
EBITDA is calculated by starting with net income (loss)
attributable to common shareholders and adding or subtracting the
following items: net income (loss) attributable to noncontrolling
interests, interest expense (net of interest income), provision for
(benefit from) income taxes, depreciation and amortization.
Adjusted EBITDA further excludes postretirement expense and
cost-reduction activities and other expenses, non-cash share-based
expense, and other (income) expense adjustments. Revenue and gross
profit excluding License and Support excludes revenue and gross
profit in connection with software license and support revenue
within the Company's Enterprise Computing Solutions segment. The
Company provides these measures to allow investors to isolate the
impact of software license renewals, which tend to be lumpy, and
related support services in order to evaluate the Company's
business outside of these areas.
These measures should not be relied upon as substitutes for, or
considered in isolation from, measures calculated in accordance
with U.S. GAAP. A reconciliation of these non-GAAP financial
measures to the most directly comparable financial measures
calculated and reported in accordance with GAAP can be found in the
appendix to the presentation accompanying this press release except
for financial guidance and other forward-looking information since
such a reconciliation is not practicable without unreasonable
efforts. This information has been provided pursuant to the
requirements of SEC Regulation G.
About Unisys
Unisys is a global technology solutions
company that powers breakthroughs for the world's leading
organizations. Our solutions – digital workplace; cloud,
applications & infrastructure; enterprise computing; and
business process – help our clients challenge the status quo and
create new possibilities. To learn how we deliver breakthroughs for
our clients, visit unisys.com.
Follow us on LinkedIn.
RELEASE NO.: 0616/9912
Unisys and other Unisys products and services mentioned herein, as
well as their respective logos, are trademarks or registered
trademarks of Unisys Corporation. Any other brand or product
referenced herein is acknowledged to be a trademark or registered
trademark of its respective holder.
UIS-C
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SOURCE Unisys Corporation