The restructuring of Unisys into a services company is paying dividends, with the former mainframe giant doubling its net income for the third quarter.
Revenues for the quarter ending 30 September were $1.78 billion, compared to $1.6 billion last year. Net income doubled, up to $95.6 million from $50.9 million. The earnings of 26 cents a share just edged ahead of Wall Street's expectations by one penny.
"Plain and simple, this was an excellent quarter for Unisys," said chairman and chief executive officer, Lawrence Weinbach. "Clients are clearly recognising our capabilities as a services and solutions company - an image we are building on with our new global advertising campaign.?
The company?s information services business posted sharp increases in both revenue and profitability in the period, while global customer services recorded a 12 per cent revenue growth.
Use the same password for every website? It might be time to change them all
Applicants for parking bay suspensions put at risk of credit card fraud by Islington Council
Robert Swan appointed interim CEO after Brian Krzanich's departure
Should you link your data sets to add value, or leave them separate to reduce risk?