UNISYS CORPORATION Reports Second Quarter Fiscal Year 2023 Earnings Results
August 26, 2023
🌥️Earnings Overview
For the second quarter of their 2023 fiscal year, UNISYS CORPORATION ($NYSE:UIS) reported a total revenue of USD 476.8 million, a decrease of 7.4% from the year prior. Net income for the quarter was reported as USD -40.0 million, as compared to -17.1 million in the previous year. The quarter ended on June 30 2023.
Share Price
The stock opened at $5.4 and closed at $5.3, down 1.8% from its previous closing price of $5.4. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unisys Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.01k | -247 | -12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unisys Corporation. More…
| Operations | Investing | Financing |
| 134.7 | -80.5 | -17.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unisys Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 1.98k | 0.17 |
Key Ratios Snapshot
Some of the financial key ratios for Unisys Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -10.2% | -22.3% | -8.0% |
| FCF Margin | ROE | ROA |
| 3.1% | -716.6% | -5.0% |
Analysis
GoodWhale provides a comprehensive financial analysis for UNISYS CORPORATION. We rate the company as medium risk in terms of financial and business aspects. Our Risk Rating system takes into account a wide variety of indicators, from asset type to financial ratios. Additionally, our system has detected one risk warning in the company’s income sheet. If you would like to take a deeper dive into UNISYS CORPORATION’s financials, please register on goodwhale.com and explore our detailed reports. More…
Peers
Unisys Corp is an information technology company that provides a range of services, including outsourcing, systems integration, and consulting. The company operates in more than 40 countries and serves clients in a variety of industries, including government, financial services, healthcare, and manufacturing. Unisys Corp’s competitors include Gofore PLC, Q.Beyond AG, and Flect Co Ltd.
– Gofore PLC ($LTS:0CXS)
Gofore PLC is a Finnish company that provides digital transformation services. The company has a market capitalization of 351.99 million as of 2022 and a return on equity of 14.21%. Gofore has a strong focus on helping its clients succeed in the digital age, and its services include strategy, design, development, and implementation. The company has a strong track record of helping its clients achieve their desired outcomes, and its clients include some of the largest organizations in the world.
– Q.Beyond AG ($BER:QBY)
Beyond AG is a company that focuses on sustainable development and aims to create value for all stakeholders. The company has a market capitalization of 101.65M as of 2022 and a return on equity of -5.87%. Beyond AG focuses on creating shareholder value through innovation and growth. The company strives to create value for all stakeholders by investing in sustainable development projects that have a positive impact on the environment and society.
– Flect Co Ltd ($TSE:4414)
Flect Co Ltd is a company that specializes in the production of optical fiber cables. The company has a market capitalization of 6.02 billion as of 2022 and a return on equity of 19.9%. The company’s products are used in a variety of industries, including telecommunications, data communications, and cable television.
Summary
UNISYS CORPORATION has reported earnings results for the second quarter of their fiscal year 2023, ending June 30 2023. Total revenue decreased by 7.4%, to USD 476.8 million, resulting in a net income of USD -40.0 million, compared to -17.1 million the previous year. Investors must consider these results when evaluating their portfolios, as a decrease in revenue and net income can indicate a lack of business growth. They should also look at other factors such as the sustainability of the company’s current business operations and potential opportunities for expansion in order to make an informed decision on their investments in UNISYS CORPORATION.
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