Unisys Corporation has released its financial results for the year ending December 31, 2024. The company reported total revenue of $2.008 billion for the year, a slight decrease from $2.015 billion in 2023. Revenue from services remained stable at approximately $1.665 billion, while technology revenue saw a small decline to $343.1 million from $349.5 million in the previous year. The company reported a consolidated net loss of $193.2 million for 2024, an improvement compared to the net loss of $427.1 million recorded in 2023. The cost of services revenue decreased to $1.247 billion from $1.282 billion the previous year, while the cost of technology revenue decreased to $175.2 million from $181.7 million. Operating income increased to $97.4 million in 2024 from $76.9 million in 2023. There was a reported goodwill impairment of $39.1 million in 2024, which was not present in the previous year. Additionally, foreign currency translation negatively impacted the results by $73.4 million, in contrast to a positive impact of $67.9 million in 2023. Unisys has not provided specific guidance or outlook for the upcoming period within the document.
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