Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 13

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 13
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0 million related to the DWS reportable segment. For the three months ended September 30, 2024, net loss attributable to Unisys Corporation included a goodwill impairment charge of $39.1 million related to the DWS reportable segment and a tax provision of $29.0 million established for certain foreign subsidiaries for which the company is no longer asserting indefinite reinvestment of earnings.

Nine months ended September 30, 2025 compared with the nine months ended September 30, 2024

Revenue for the nine months ended September 30, 2025 was $1,375.6 million compared with $1,463.0 million for the nine months ended September 30, 2024, a decrease of 6.0% from the prior-year period. The decrease was primarily due to the timing of software license renewals and lower volume with clients. Foreign currency fluctuations had a negligible impact on revenue in the current period compared with the prior-year period.

For the nine months ended September 30, 2025, L&S revenue was $241.7 million compared to $279.8 million for the nine months ended September 30, 2024, a decrease of 13.6%. The decrease was primarily driven by the timing of software license renewals.

Ex-L&S revenue for the nine months ended September 30, 2025 was $1,133.9 million compared with $1,183.2 million for the nine months ended September 30, 2024, a decrease of 4.2%. The decrease was primarily driven by lower volume with clients in the DWS and CA&I segments.

Revenue from international operations for the nine months ended September 30, 2025 was $814.0 million, compared with $836.0 million for the nine months ended September 30, 2024, a decrease of 2.6% from the prior-year period. Foreign currency had a 1 percentage-point negative impact on international revenue in the nine months ended September 30, 2025 compared with the nine months ended September 30, 2024. Revenue from U.S. operations for the nine months ended September 30, 2025 was $561.6 million, compared with $627.0 million for the three months ended September 30, 2024, a decrease of 10.4% from the prior-year period.

During the nine months ended September 30, 2025, the company recognized net cost-re