Third Quarter 2016

Business Highlights

  • Operating cash flow increase of $87 million year over year to $43 million
    • Free cash flow increase of $106 million to $6 million
  • Total Contract Value (TCV) signed increase of 22 percent on a year-to-date basis versus the comparable period last year 
    • More tha​n $1.1 billion of TCV signings in the third quarter
  • Services backlog of $4.1 billion, up 6.7 percent versus the prior quarter
  • Operating profit margin of (1.4) percent, relative to operating profit margin of 1.2 percent in 3Q 2015; 
    • Non-G​​AAP operating profit margin of 6.7 percent, relative to 7.2 percent in 3Q 2015 
  • Revenue of $683 million, down 7.6 percent, or 5.9 percent on a constant-currency basis, year over year​​


3Q16 Revenue Profile ($M)

3Q16 Profile  


9Mos16 Revenue Profile ($M)

2Q16 Profile  

Total Adjusted EBITDA was $87M and $271M for the Three and Nine Months Ended September 30, 2016, respectively. Total Adjusted EBITDA was $95M and $210M for the Three and Nine Months Ended September 30, 2015, respectively.​

  • Please see our third quarter 2016 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.