Unisys has announced results for Q1 FY21, for the period ending March 31, 2021:

Q1 2021

• Revenues were $509.8m, down 1.1% y/y, down 2.9% in CC
• EBIT was $43.6m, a margin of 8.6%, down 465 bps y/y
• Non-GAAP operating profit was $51.4m, a margin of 10.1%, down 445 bps y/y.

Q1 2021 revenue (and y/y revenue growth) by business segment was:

• Services $420.4m (-1.3%)
• Technology $89.4m (-0.1%).

Within the Services business, Q1 2021 revenue (and y/y growth) by activity was:

• Digital Workplace Services $141.1m, -11.9%, -13.5% in CC
• Cloud & Infrastructure Services $123.3m, +18.6%, +15.1% in CC
• ClearPath Forward $167.6m, -6.0%, -2.4%, -1.7% in CC
• Others $77.8m, -2.1%, -6.6% in CC.

Q1 2021 revenue by geography was:

• U.S. $242.4m, +8.3%, +8.2% in CC
• EMEA $155m, -0.7%, -7.8% in CC
• Asia Pacific $68.9m, +0.2y/y, -7.6% in CC
• Latin America $43.5m, -34.9%, -24.8% in CC.

Q1 2021 revenue by industry was:

• Commercial $182.1m, -3.8%
• Public Sector $198.2m, +6.5%
• Financial Services $129.5m, -18.0%

Service backlog at end Q1 2021 was $3.6bn, down 2.7% y/y.