Neutral
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Seeking Alpha
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vor 4 Monaten
Unisys Corporation's Q4 showed early operating leverage with revenue up 5%, non-GAAP operating margin at 18% versus 11.6%, License and Support up 23%, and backlog at $3.15B supporting revenue visibility. Pension risk is easing, with the deficit down to ~$0.45B and ~$320M in liabilities removed, while pre-pension free cash flow turned positive at $127.7M. UIS shares trade at a steep PEG discount...