Unisys sees net at high end of projections: fourth-quarter revenue better than expected, boosting firm's profit

Article Abstract:

Unisys CEO and Chmn James Unruh expects his company's 4th qtr FY 1992 profit to be at the high end of financial analysts' expectations, or around 40 cents per share, while revenue will decline slightly. Overall, the company did significantly better in 1992 than in 1991, Unruh says. In 4th qtr 1991, Unisys posted earnings of $80.5 million, or 31 cents per share, on revenue of $2.46 billion. Unruh expects Unisys to post a FY 1993 profit of $1.15 to $1.45 per share, or what analysts had predicted. A 40 cents-per-share profit in 4th qtr 1992 would give the firm a $1.03 profit for the year, compared to a $9.38 loss per share in 1991. Massive restructuring in 1991 generated the loss but has helped Unisys turn around its financial prospects.

Prepackaged software, Forecasting, Annual Report, Fourth Quarter

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Unisys earnings plummeted 78% in 2nd quarter

Article Abstract:

Unisys Corp reports a significant decline in revenue and earnings for the 2nd qtr of 1990. The 78 percent drop in net earnings is even more than computer industry analysts expected. Losses per share are listed at nine cents after the payment of preferred dividends, on $11.8 million in earnings. Revenue is $2.47 billion, down 4 percent from the $2.57 billion in the 2nd qtr of 1989. The decline is a result of a continued depression in US sales of computers and a slow down in Unisys's international business. The encouraging news in Unisys's financial report includes $265 million trimmed from the company's debt, a 5.2 percent cut in operating expenses and a 36 percent increase in operating profits.

Second Quarter

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Unisys expects no substantive growth in '90 revenue, but 'significant' profit

Article Abstract:

Unisys Corp Pres and CEO James Unruh predicts no growth in the company's revenue but says there will be a 'significant' profit in 1990 because of cost control measures instituted in 1989. Unruh will not give any figures to back up his predictions, but analysts estimate 1990 revenues will be around 2 to 3 percent. Analysts are also putting Unisys's 4th qtr 1989 loss at $650 million, which will include 3rd qtr writeoffs related to layoffs and a slowing defense business, and revenue at $10 billion. Unruh says Unisys's forthcoming results will reveal the debt-to-capital level falling from its peak of 50 percent in 3rd qtr 1989.

Beliefs, opinions and attitudes, Revenue, Cost control, Cost Reduction, Unruh, James A.

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