Third Quarter 2015

Business Highlights

  • Revenue for the 3 months ended September 30, 2015 declined 16% to $739M from $883M (a decrease of 8% on a constant-currency basis). Lower year-over-year Technology revenue due to the timing of license renewals caused the constant currency decline. Services revenue grew 1% on a constant currency basis; the third consecutive quarter of constant currency rev​enue growth.
  • Third quarter operating profit margin of 1.2% improved 770 basis points sequentially, reflecting the benefits of the cost savings actions taken by the company.
  • Reported pretax cost reduction charges of $17M for the three months ended September 30, 2015; $70M for the year-to-date. Used cash of $24M for the cost reduction effort during the third quarter of 2015; $38M for the year-to-date. Savings related to cost reduction actions totaled $21 million in the third quarter; $100 million run rate in annualized savings expected by yearend 2016.


3Q15 Revenue Profile ($M)

3Q Revenue Profile 


9Mos15 Revenue Profile ($M)​

9Mos15 Revenue Profile 

​Total Adjusted EBITDA was $95M and $210M for the Three and Nine Months Ended September 30, 2015, respectively.

  • Please see our third quarter 2015 earnings materials​ for a reconciliation of GAAP net income to non-GAAP Adjusted EBITDA for Unisys corporation and its consolidated subsidiaries.
  • In connection with our previously announced cost reduction and other expense, we recognized $17.4 million of pretax charges (which includes $3.9 million of asset write-offs which are reflected in Depreciation & Amortization) impacting Adjusted EBITDA by $13.5 million for the quarter ended September 30, 2015 and $70.0 million of pretax charges (which includes $3.9 million of asset write-offs which are reflected in Depreciation & Amortization) impacting Adjusted EBITDA by $66.1 million for the nine months ended September 30, 2015.