Unisys Corporation reported a net loss of $193.4 million, or $2.79 per diluted share, for the fiscal year ending December 31, 2024, a significant improvement from the previous year's loss of $430.7 million, or $6.31 per diluted share. The 2024 results included a goodwill impairment charge of $39.1 million and a tax provision of $27.3 million related to certain foreign subsidiaries. Revenue for the year was $2.01 billion, slightly down from $2.02 billion in 2023, with international revenue increasing by 1.6% to $1.14 billion, while U.S. revenue decreased by 2.8% to $864.1 million.
The company undertook several strategic initiatives during the year, including a significant restructuring of its operations. In January 2025, Unisys announced changes to its organizational structure to better align its portfolio of solutions with evolving client needs. This included integrating its business processing solutions into its Enterprise Computing Solutions and Cloud, Applications & Infrastructure Solutions segments. The restructuring is expected to enhance delivery speed and reduce costs for clients by standardizing development tools and architectures.
Operationally, Unisys employed approximately 15,900 professionals globally as of December 31, 2024, with a focus on enhancing employee engagement and retention. The company reported a relatively low voluntary attrition rate of 11.8% for the year. Additionally, Unisys maintained a backlog of $2.8 billion at the end of 2024, down from $3.0 billion in 2023, with approximately 42% expected to convert to revenue in 2025. The company continues to emphasize the importance of its digital workplace solutions, cloud services, and enterprise computing solutions in driving future growth.
Looking ahead, Unisys anticipates a challenging market environment, influenced by economic and geopolitical factors. The company is focused on expanding its addressable market and enhancing its solution offerings to capture higher-margin opportunities. Management has expressed optimism about the potential for revenue growth and margin expansion, particularly as it adapts to rapid technological changes and increasing demand for digital transformation services. The company is also committed to managing its defined benefit pension obligations, with expected cash contributions of approximately $92 million in 2025.
About UNISYS CORP
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