Unisys has announced results for Q4 and full year 2019, for the period ending December 31, 2020:

Q4 2020

• Revenues were $576.9m, up 5.5% y/y, up 5.1% in CC
• EBIT was $47.7m, a margin of 8.3%, up 638 bps y/y
• Non-GAAP operating profit was $80.9, a margin of 14.0%, up 793 bps y/y.

FY 2019

• Revenues were $2,026.3m, down 8.8% y/y, down 11.0% in CC
• EBIT was $87m, a margin of 4.3%, down 191bps y/y
• Non-GAAP operating profit was $152.5m, a margin of 7.5%, up 38 bps y/y.

Q4 2020 revenue (and y/y revenue growth) by business segment was:

• Services $445.0m (-2.6, -3.0% in CC)
• Technology $131.9m (+50.1%, +47.6% in CC).

Q4 2020 operating margin by business segment was:

• Services 1.6%
• Technology 54.3%

Within the Services business, Q4 2020 revenue (and CC y/y growth) by activity was:

• Digital Workplace Services $142.8, 16.7%
• Cloud & Infrastructure Services $170.3m, +14.1%
• Application Services $91.6, +0.9%
• BPO $40.4m, -14.4%.

Q4 2020 revenue by geography was:

• U.S. $205.3m, -6.5%, -0.1% in CC
• EMEA $197.0m, +17.5%, +9.5% in CC
• Asia Pacific $123.6m, +37.0 y/y, +0.3% in CC
• Latin America $51.0m, -24.1%, -1.0% in CC.

Q4 2020 revenue by industry was:

• Commercial $206.2m, -11.0%, -11.0% in CC
• Public Sector $200.0m, +17.4%, +14.8% in CC
• Financial Services $170.7m,+19.7%, +19.5% in CC

Service backlog at end Q4 2020 was $3.4bn, down 20.9% y/y.

FY 2020 revenue (and revenue growth) by business segment was:

• Services $1,692.9m (-10.6%, 9.4% in CC)
• Technology $333.4m (+1%, 2.2% in CC).

FY 2020 operating margin by business segment was:

• Services 0.7%
• Technology 40.8%

Within the Services business, FY 2020 revenue (and growth) by activity was:

• Digital Workplace Services $574.8, -18.5%
• Cloud & Infrastructure Services $603.3m, +7.0%
• Application Services $350.2, -3.0%
• BPO $163.6m, -51.4%.

FY 2020 revenue by geography was:

• U.S. $812.9m, -5.2 %, -5.4% in CC
• EMEA $656.5m, -10.3%, -18.6% in CC
• Asia Pacific $330.3m, -7.0 %y/y, -7.0% in CC
• Latin America $225.6m, -13.4%, +2.6% in CC.

FY 2020 revenue by industry was:

• Commercial $732.2m, -17.8%, -16.9% in CC
• Public Sector $713.3m, +8.3%, +8.4% in CC
• Financial Services $579.8m, -11.6%, -17.0% in CC

Service backlog at end Q4 2020 was $14bn, down 20.0% y/y.