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.
Delays to the roll-out of age verification for adult websites hasn't stopped government from considering extending them to more websites
Bluehole confirms rumours that Playstation 4 port is coming on 7 December
Atmospheric iodine works as a significant sink of tropospheric ozone, nullifying the harmful pollutant
A temperature rise of just 1.8° C would melt major ice sheets