Managed services News
Unisys’ Most Highly Compensated Executives In Fiscal 2022
Joseph F. Kovar
Unisys has released the full annual compensation of its seven named executive officers, including three who joined the top management team as well one who retired during the year.
Challenges All Around
Fiscal year 2022 was a bit of a challenge for Unisys. The Blue Bell, Pa.-based global service provider in February reported fiscal year 2022 revenue dropped year over year by 3.6 percent to $1.98 billion, due to decreases in the company’s digital workplace solution and enterprise computer solution revenue. The company did see a rise in cloud, application and infrastructure solution revenue.
The company also reported a GAAP net loss for the year, which ended Dec. 31, of $106 million, which nevertheless was better than the prior year’s loss of $448.5 million. During that time, Unisys’ non-GAAP income fell to $74.8 million from last year’s $117.5 million.
Fiscal 2023 isn’t looking much better. Unisys, ranked No. 31 on the CRN 2022 Solution Provider 500, expects that a light license and support renewal schedule for the year will lead to an overall decline in revenue and profit for the year.
[Related: Unisys Shares Plummet Nearly 50 Percent On Lower Guidance]
It is therefore no surprise that four of Unisys’ named executive officers saw their total compensation, which includes salaries, bonuses, stock and options, and other compensation, fall between fiscal 2021 and 2022. Two of those executives made their first appearance on the company’s named executive officer list in fiscal 2022, while one retired last spring.
Indeed, of the seven, only two received a bonus for fiscal 2022, and one of those bonuses was a sign-on bonus to an executive who had just joined the company that year.
Here’s how Unisys’ named executive officers did in fiscal 2022.