Company: UIS
Filing Date: 2025-04-04
Form Type: CORRESP
Source: 0000746838-25-000013
Chunk: 2

Company: UNISYS CORP
Filing Date: 2025-04-04
Form: CORRESP
Chunk 2
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 primarily ClearPath Forward®, within the Company's Enterprise Computing Solutions (“ECS”) segment.

The excluding license and support (“Ex-L&S”) revenue and gross profit measures exclude the revenue and gross profit margin associated with software license and related support services within the Company’s ECS segment.

The Company provides L&S and Ex-L&S measures to allow investors to isolate in some instances the impact of software license renewals, which tend to be significant and impactful based on renewal timing, and related support services in order to evaluate the Company’s business outside of these areas.

In future filings, the Company will explain changes in consolidated revenue and gross margin and, as applicable, changes in revenue and gross profit from L&S and Ex-L&S in the MD&A. The Company will provide a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP. An example based on the 2024 Form 10-K of the Non-GAAP reconciliations the Company expects to provide in the MD&A in the future is set forth below:

### Non-GAAP Financial Measures
The Company’s Non-GAAP financial measures included within our disclosures are Ex-L&S and L&S revenue, gross profit and gross profit margin. L&S represents software license and related support revenue within the Company's ECS segment and Ex-L&S excludes revenue, gross profit and gross profit margin in connection with software license and related support revenue within the Company’s ECS segment.

These Non-GAAP financial measures are often provided and utilized by the Company’s management, analysts, and investors to isolate in some instances the impact of software license renewals, which tend to be significant and impactful based on the renewal timing, and related support services in order to evaluate the Company’s business outside of these areas. These measures are provided in addition to and not as substitutes for, or considered in isolation from, measures calculated in accordance with GAAP. Other companies may calculate and define similarly labeled items differently, which may limit the usefulness of these measures for comparative purposes.

The following table represents a reconciliation of these Non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP:

| (In millions, except numbers presented as percentages) |     | FY24 |         |   |
|:-------------------------------------------------------|:----|:-----|--------:|:--|
| Revenue                                                |     | $    | 2,008.4 |   |
| L&S revenue                                            |     |      |   431.5 |   |
| Ex