Earnings skyrocket at Unisys
Article Abstract:
Blue Bell-based Unisys first quarter profits for 1999 were high with a net of $88.4 million and revenues of $1,812.4 million. Soaring profits were associated with the Y2K problem as companies buy new servers and other hardware related to the year 2000 conversion. Unysis services' sector business that does consulting developing software and network setups also increased (13%) this quarter. However, CEO Lawrence A. Weinbach, sees profits decreasing at the latter half of the year as most companies will be up to Y2K compliance.
Comment:
Blue Bell-based Unisys 1st quarter profits for '99 were high with a net of $88.4 million and revenues of $1,812.4 million
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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Home Health warns of huge losses
Article Abstract:
Home Health Care has delayed filing its earnings report for the second quarter but expects to report a loss of $40 million to $60 million. The company attributes the losses mainly to cuts in Medicare reimbursment ordered by Congress.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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Growth is off the ground for jet-part firm's units
Article Abstract:
Triumph Group, which manufactures and repairs aircraft parts, sees an overall sales increase for the first time in six quarters.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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