Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 9

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 9
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 decrease of 7.4% from the prior-year period. Foreign currency fluctuations had a 2 percentage-point positive impact on revenue in the current period compared with the prior-year period. The decrease was primarily driven by the timing of software license renewals.

License and Support (L&S) represents software license and related support services, primarily ClearPath Forward®, within the company's Enterprise Computing Solutions (ECS) segment. Software license renewals tend to be significant and impactful to revenue and gross profit based on timing, which can fluctuate considerably from quarter to quarter. For the three months ended September 30, 2025, L&S revenue was $83.0 million compared to $104.5 million for the three months ended September 30, 2024, a decrease of 20.6%. The decrease was primarily driven by the timing of software license renewals.

Excluding License and Support (Ex-L&S) measures exclude revenue, gross profit and gross profit margin in connection with software license and related support services within the ECS segment. Ex-L&S revenue for the three months ended September 30, 2025 was $377.2 million compared with $392.5 million for the three months ended September 30, 2024, a decrease of 3.9%. The decrease was primarily driven by lower volume with clients in the DWS and Cloud, Applications & Infrastructure Solutions (CA&I) reportable segments.

Revenue from international operations for the three months ended September 30, 2025 was $280.0 million compared with $286.7 million for the three months ended September 30, 2024, a decrease of 2.3%. Foreign currency had a 3 percentage-point positive impact on international revenue in the current period compared with the prior-year period. Revenue from U.S. operations for the three months ended September 30, 2025 was $180.2 million compared with $210.3 million for the three months ended September 30, 2024, a decrease of 14.3%.

During the three months ended September 30, 2025, the company recognized net cost-reduction charges of $1.0 million related to workforce reductions, which were comprised of: (i) a charge of $1.6 million for severance costs and (ii) a credit of $0.6 million for changes in estimates.

During the three months ended September 30, 2024, the company recognized net cost-reduction charges and other costs of $