Unisys (UIS -13.9%) plummets as its Q3 EPS beat (assisted by rising hardware margins) is...


Unisys (UIS -13.9%) plummets as its Q3 EPS beat (assisted by rising hardware margins) is overshadowed by a revenue miss caused by a 15% Y/Y drop in services revenue. U.S. sales (-24% Y/Y) were particularly weak, thanks to a big drop in federal demand, and hardware revenue fell 10%, as rising server/mainframe sales were offset by lower reseller revenue. The results could have negative implications for bigger mainframe/services rival IBM. (transcript)
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  • Momintn
    , contributor
    Comments (6056) | Send Message
     
    This company Unisys has absolutely nothing to do with IBM.
    When I saw IBM listed in Market Currents, I clicked on this transcript and it is not about IBM. I had no idea Unisys was even still in business.
    24 Oct 2012, 09:44 PM Reply Like
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