Unisys Corporation - Final Results
BLUE BELL, Pa., Feb. 22, 2021
FY20 Revenue and Non-GAAP Operating Profit Margin Exceed Stated Company Expectations; FY20 Adjusted Free Cash Flow Grows Significantly; Strong Cash Balance and Significant Reduction in Pension Obligations
4Q20 revenue up 5.5% YoY and 16.5% sequentially to $576.9 million
4Q20 operating profit margin up 640 bps YoY and 270 bps sequentially to 8.3%
4Q20 Non-GAAP operating profit
(5) margin up 790 bps YoY and 550 bps sequentially
FY 2020 operating profit margin of 4.3%, versus 6.2% in 2019; non-GAAP operating profit margin of 7.5%, up 30 bps YoY and above stated company expectations
FY 2020 ending cash balance of $898.5 million versus $538.8 million in prior-year period; pension deficit reduction of ~$710 million versus YE 2019
Unisys Announces 4Q and FY20 Results
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BLUE BELL, Pa., Feb. 22, 2021 /PRNewswire/
FY20 Revenue and Non-GAAP Operating Profit Margin Exceed Stated Company Expectations; FY20 Adjusted Free Cash Flow Grows Significantly; Strong Cash Balance and Significant Reduction in Pension Obligations
4Q20 revenue up 5.5% YoY and 16.5% sequentially to $576.9 million
4Q20 operating profit margin up 640 bps YoY and 270 bps sequentially to 8.3%
4Q20 Non-GAAP operating profit
(5) margin up 790 bps YoY and 550 bps sequentially
FY 2020 operating profit margin of 4.3%, versus 6.2% in 2019; non-GAAP operating profit margin of 7.5%, up 30 bps YoY and above stated company expectations
FY 2020 ending cash balance of $898.5 million versus $538.8 million in prior-year period; pension deficit reduction of ~$710 million versus YE 2019