Unisys Reports Q4 EPS of $2.29 vs. $.90

Unisys Corporation UIS today reported fourth-quarter 2010 net income of $99.2 million, or $2.29 per diluted share, compared with net income of $114.5 million, or $2.64 per diluted share, in the fourth quarter of 2009. Unisys reported fourth-quarter 2010 income from continuing operations before income taxes of $103.2 million compared with $98.0 million in the fourth quarter of 2009. After taxes, Unisys reported fourth-quarter 2010 net income from continuing operations of $95.2 million, or $2.20 per diluted share, compared with $113.7 million, or $2.62 per diluted share in the fourth quarter of 2009. Revenue declined 10 percent to $1.04 billion compared with $1.16 billion in the year-ago quarter, with about two percentage points of the revenue decline attributable to divested businesses. Foreign currency fluctuations had a two percentage-point negative impact on revenue in the quarter.