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SOFTWARE INDUSTRY NEWS |
Unisys announces 2010 first quarter results |
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Unisys Corporation has reported a net loss of $11.6 million, or 27 cents per diluted share, for the first-quarter of 2010, including around $35 million of pre-tax foreign exchange losses in Other Income/Expense, including $20 million relating to the January 2010 currency devaluation in Venezuela. This, even as the company’s operating profit nearly quadrupled to $58.9 million in the first quarter of 2010 compared with operating profit of $15.0 million in the first quarter of 2009. Revenue in the quarter declined 7 percent to $998 million compared with $1.07 billion in the year-ago quarter, of which 2% was attributed to divested businesses. Foreign exchange rates had an approximately 5 percentage-point positive impact on revenue in the quarter, Unisys said. The company repaid the remaining $64.9 million principal amount of senior notes due March 2010 during the quarter, reducing its long-term debt by approximately $200 million over the past year. More information is available in the company's statement pertaining to its first quarter 2010 results. |
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