Company: UIS
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021581
Chunk: 4

Company: UNISYS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 4
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, for the three months ended March 31, 2024. The net loss for the three months ended March 31, 2024 included $132.3 million of a U.S. pension plan settlement loss, net of tax.

23

The following table represents Ex-L&S and L&S financial measures:

Three Months Ended March 31,(In millions, except for numbers presented as percentages)20252024L&S revenue$71.1 $93.2 Ex L&S revenue361.0 394.6 Total revenue$432.1 $487.8 L&S gross profit$43.3 $64.8 Ex-L&S gross profit64.2 71.2 Total gross profit$107.5 $136.0 L&S gross profit percent60.9 %69.5 %Ex-L&S gross profit percent17.8 %18.0 %Total gross profit percent24.9 %27.9 %

Segment results

The company’s reportable segments are as follows:

•Digital Workplace Solutions (DWS), which provides workplace solutions featuring intelligent workplace services, proactive experience management and collaboration tools to support business growth;

•Cloud, Applications & Infrastructure Solutions (CA&I), which provides digital transformation in the areas of cloud migration and management, applications and infrastructure transformation and modernization solutions; and

•Enterprise Computing Solutions (ECS), which provides solutions that harness secure, high-intensity enterprise computing and enable digital services through software-defined operating environments.

The company evaluates the performance of the segments based on segment revenue and segment gross profit. Segment revenue and segment gross profit are exclusive of certain activities and expenses that are not allocated to specific segments including the business activities related to the company’s United Kingdom business process outsourcing consolidated joint venture and certain expenses such as cost reduction charges, amortization of purchased intangibles and unusual and nonrecurring items that are not allocated to specific segments. These amounts are combined within other revenue and other gross profit (loss) to arrive at consolidated revenue and consolidated gross profit (loss). See Note 15 of the Notes to Consolidated Financial Statements for the reconciliations of segment revenue to total consolidated revenue and segment gross profit to total consolidated loss before income taxes.

Three months ended March 31, 2025 compared with the three months ended March 31, 2024

A summary of the company’s operations by segment is presented below:

Total SegmentsDWSCA&IECS(In millions, except for numbers