Unisys takes off following big Q4 beat

Unisys (UIS +10%) shot higher and temporarily made new 52-week highs after trouncing Q4 estimates on the back of strong European (+7% Y/Y) and Asia-Pac (+20%) sales.

Unisys' Asian performance contrasts sharply with that of many tech firms (including rival IBM) struggling to deal with emerging markets weakness and NSA-related troubles. Sales fell 4% in North America, and 15% in Latin America.

Also boosting Unisys' EPS: gross margin rose 250 bps Y/Y to 31.7%, and opex fell 7% even as revenue rose 2%. At the same time, the company did mention on its CC (transcript) it expects opex to grow 1-2% in 2014 due to higher sales/marketing spend.

Services revenue (82% of total) rose 1% Y/Y. Technology revenue (inc. mainframes/servers) rose 5%.

In tandem with its Q4 report, Unisys has announced the hiring of former Dell sales/service management exec Jeff Renzi to be the company's new sales chief.

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