UNISYS CORPORATION Reports Second Quarter FY2023 Earnings Results on August 1, 2023
August 12, 2023
🌥️Earnings Overview
On August 1 2023, UNISYS CORPORATION ($NYSE:UIS) reported their second quarter FY2023 earnings results. Total revenue came in at USD 476.8 million, a 7.4% decrease year-over-year. Net income was recorded at USD -40.0 million, a -17.1 million increase compared to the same period in the prior year.
Stock Price
The company’s stock opened at $5.4 per share and closed at $5.3, down by 1.8% from its prior closing price of $5.4 the same day. Overall, the company was pleased with its second quarter performance, with Chief Executive Officer John McAllister stating, “We are pleased with our continued progress in achieving our long-term financial targets and continue to focus on increasing shareholder value.” 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 conducted an analysis of UNISYS CORPORATION‘s wellbeing. Our Star Chart classified UNISYS CORPORATION as a ‘sloth’ type company, which means it has achieved revenue or earnings growth slower than the overall economy. We believe this type of company might be of interest to value investors who are looking for reliable, stable companies with moderate growth potential. The analysis revealed that UNISYS CORPORATION is strong in certain areas, such as profitability, but weak in others, such as asset and dividend growth. Additionally, UNISYS CORPORATION has an intermediate health score of 6/10, considering its cashflows and debt, meaning that it might be able to sustain future operations in times of crisis. 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 reported disappointing second quarter earnings for FY2023, with total revenue of USD 476.8 million showing a 7.4% decrease year-over-year. Net income was recorded at a net loss of USD -40.0 million, a decrease of -17.1 million compared to the same period last year. Investors may want to further evaluate the company’s performance as well as its financial position before making any decisions. Analyzing risk factors and the competitive landscape will be important to consider in making any future investments in the company.
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