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The tech company employs over 17,000 workers worldwide.
Blue Bell-based Unisys (UIS) reported on Monday a loss of $12 million in its second quarter. The organization, which has worldwide offices, aims to create technology solutions for internet entities such as the cloud, data, and digital workplace needs, as well as logistics around business technologies.
According to a report in the Associated Press, however, the organization experienced a loss of $0.17 cents per share after hearing the Q2 news. While the $12 million dip may sound like a lot to many, the information technology service provider still posted a revenue of $478.2 million for the same period.
Sources say that the quarterly earnings of $0.16 per share beat out the Zacks Consensus Estimate of a loss of $0.37 per share, compared to a $0.09 loss per share one year prior. Figures here are “adjusted for non-recurring items,” per Yahoo! Finance.
Unisys was founded in 1986 and has been headquartered in Blue Bell. It was a result of a merger of two mainframe corporations: Sperry and Burroughs, as Burroughs bought Sperry for $4.8 billion in 1986
Located at 801 Lakeview Drive, Suite 100, in Blue Bell, the company employs around 17,200 people globally. According to the Unisys website, it was the first to introduce a commercial typewriter with the QWERTY keyboard layout in 1873 as E. Remington & Sons, a precursor organization prior to Burroughs and Sperry.
“At Unisys, we don’t just keep up with technology – we pioneer it,” said Peter Altabef, chair and chief executive officer of Unisys. “We’re dedicated to helping our clients navigate the ever-changing digital landscape with creativity, curiosity, and a relentless drive to innovate.”
Unisys serves over 850 global clients in 55 different countries. In June, it debuted on Newsweek’s “Top 100 Global Most-Loved Workplaces.”
According to Yahoo! Finance, the company has lost about 22.1 percent since the beginning of the year, versus its S&P 500 gain of 12.1 percent. Its quarterly report, according to Yahoo!, was an “earnings surprise” of 143.24 percent from just a quarter ago.
