Unisys Announces 4Q and FY20 Results
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FY20 Revenue and Non-GAAP Operating Profit Margin Exceed Stated Company Expectations; FY20 Adjusted Free Cash Flow Grows Significantly; Strong Cash Balance and Significant Reduction in Pension Obligations
(NYSE: UIS) today reported fourth-quarter and full-year 2020 financial results. “We exited 2020 in a strong position, with significant improvements to capital structure and liquidity and full-year revenue and non-GAAP operating profit margin that exceeded our expectations,” said Unisys Chairman and CEO . “We transitioned to our new business unit structure at the start of 2021, with a focus on higher-growth and higher-margin markets and solutions, which we believe will…