Infrastructure services provider Unisys has reported a net income of $61.1m for the third quarter 2009, compared to a net loss of $34.7m in the year-ago quarter. Revenue declined 12% to $1.16bn. Skip related content
Operating income was $118m compared to an operating income of $37.9m in the same period last year, while diluted EPS was $1.48 compared to diluted net loss per share of $0.96. The company had cash from operations of $94m and services order backlog of $6.4bn.
The company said services revenue fell 13% to $1bn, while technology revenue declined 4% to $153.6m. Geographically, US revenue declined 3% to $542m and international revenue fell 18% to $618m.
For the nine-month period, Unisys has reported a net income of $74.8m compared to a net loss of $72.1m a year ago. Revenue declined 14% to $3.38bn.
Ed Coleman, chairman and CEO at Unisys, said: "We continue to make progress in our turnaround program. For the second consecutive quarter, the company was solidly profitable at the bottom line. Driven by a more cost-efficient services business and a strong profit performance in our technology business, we tripled our operating income over the year-ago quarter and achieved an operating profit margin of 10.2% in the quarter. We also met a key goal of generating free cash flow in the quarter, and we are now free cash flow positive for the first nine months of 2009."
