Unisys Corporation Reports 2024 Net Loss of $193.4 Million, EPS at $(2.79); Revenue Remains Stable at $2.01 Billion

Reuters
05/31
Unisys Corporation Reports 2024 Net Loss of $193.4 Million, EPS at $(2.79); Revenue Remains Stable at $2.01 Billion

Unisys Corporation has released its financial results for the year ending December 31, 2024. The company reported total revenue of $2.008 billion for the year, a slight decrease from $2.015 billion in 2023. Revenue from services remained stable at approximately $1.665 billion, while technology revenue saw a small decline to $343.1 million from $349.5 million in the previous year. The company reported a consolidated net loss of $193.2 million for 2024, an improvement compared to the net loss of $427.1 million recorded in 2023. The cost of services revenue decreased to $1.247 billion from $1.282 billion the previous year, while the cost of technology revenue decreased to $175.2 million from $181.7 million. Operating income increased to $97.4 million in 2024 from $76.9 million in 2023. There was a reported goodwill impairment of $39.1 million in 2024, which was not present in the previous year. Additionally, foreign currency translation negatively impacted the results by $73.4 million, in contrast to a positive impact of $67.9 million in 2023. Unisys has not provided specific guidance or outlook for the upcoming period within the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unisys Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-028615), on May 30, 2025, and is solely responsible for the information contained therein.

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