Unisys reports net loss for Q3

Unisys Corporation, an information technology company, has reported that net loss attributable to the company's common shareholders for the third quarter ended September 30, 2012 was $12.4 million, or $0.28 loss per diluted share, compared to a net income attributable to the company's common shareholders of $78.6 million, or $1.63 per diluted share, for the third quarter ended September 30, 2011.

Revenue for the third quarter ended September 30, 2012 was $877.4 million, compared to $1.02 billion for the third quarter ended September 30, 2011.

Net income attributable to the company's common shareholders for the nine months ended September 30, 2012 was $47.6 million, or $1.08 per diluted share, compared to $26.2 million, or $0.60 per diluted share, for the nine months ended September 30, 2011.

Revenue for the nine months ended September 30, 2012 was $2.73 billion, compared to $2.87 billion for the nine months ended September 30, 2011.

"After a strong first half of 2012, we saw softer services demand, particularly for short-term project work, in the third quarter," said Unisys Chairman and CEO Ed Coleman. "The lower services revenue, along with higher pension expense and debt reduction charges, impacted our results. However, we were pleased with margin improvement in our technology business, ongoing cost discipline across our company, continued improvements in service quality, and the early achievement of our 2013 debt reduction goal.

"Year to date, we have improved our profitability from 2011 levels. We are encouraged by reaction to recent product announcements, a growing reputation for service excellence, and a strong pipeline of opportunities," Coleman said.