02 May 2008
Unisys today reported a first-quarter 2008 operating profit of $28m (£14.1m) compared with an operating loss of $29.6m in the same quarter of 2007.
Profits were not as high as shareholders hoped after contract delays and the credit crunch took their toll on the company.
“We continued to improve our operating profit in the first quarter despite some weakness in our US business,” said Unisys chief executive Joseph McGrath.
The quarter saw strong growth in the firm's outsourcing arm, coupled with a weak performance in infrastructure services and maintenance.
"Outsourcing firms, such as Unisys, should actually be positioning themselves for a robust period as CIOs look to outsource to take the pressure off their budgets," said Ovum analyst Kate Hanaghan.
Revenue in the US declined 11 per cent in the quarter to $537m, reflecting declines in the company's technology and federal businesses. Revenue in international markets increased three per cent to $764m.
Have your say on this article
Newsletters
Latest stories from Management
Latest videos
You may also like
Management jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
