Unisys has announced results for Q1 FY22, for the period ending March 31, 2021:

Q1 2022

• Revenues were $446.8m, down 12.4% y/y, down 10% in CC
• EBIT was ($23.5)m, a margin of -5.3%, down 1,381 bps y/y
• Non-GAAP operating profit was ($14.1)m, a margin of -3.2%, down 1,324 bps y/y.

Q1 2022 revenue (and y/y revenue growth) by business segment was:

• Services $392.1m (-6.8%)
• Technology $54.6m (-38.9%).

Within the Services business, Q1 2022 revenue (and y/y growth) by activity was:

• Digital Workplace Services $124.8m, -12.7%, -10.4% in CC
• Cloud & Infrastructure Services $129.1m, +7.0%, +8.9% in CC
• Enterprise Computing Solutions $120.6m, -28.8%, -27.8% in CC
• Others $72.2m, -0.4%, -1.4% in CC.

Q1 2022 revenue by geography was:

• U.S. & Canada $205.7m, -15.1%, -15.1% in CC
• EMEA $137.7m, -11.2%, -6.2% in CC
• Asia Pacific $64.8m, -6.0%, -1.4% in CC
• Latin America $38.5m, -11.5%, -9.5% in CC.

Q1 2022 revenue by industry was:

• Commercial $187.4m, +2.9%, +5.8% in CC
• Public Sector $140.1m, -29.3%, -27.6% in CC
• Financial Services $119.2m, -8.0%, -6.2% in CC

Service backlog at end Q1 2021 was $2.9bn, down 9.1% y/y.