Unisys Corp warns that it expects profits in the second quarter to come out below the $0.17 a share it reported in the first quarter, mainly because of continued weakness in its European business. The company says it has not yet seen an increase in capital spending among major European clients, particularly in France, Italy […]
Unisys Corp warns that it expects profits in the second quarter to come out below the $0.17 a share it reported in the first quarter, mainly because of continued weakness in its European business. The company says it has not yet seen an increase in capital spending among major European clients, particularly in France, Italy and Germany, and as a result, sales of large systems in Europe will show further declines this quarter. The Blue Bell, Pennsylvania company does not expect a positive turn in its European business until the fourth quarter at the earliest, which is later than it had been forecasting at the beginning of the year. Revenue from its commercial business in both the US and its Pacific/Asia/Americas group appears on track to exceed year ago figures for the second quarter and six-month periods. For the second quarter last year, net profit was 44 cents a share.
