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Unisys announces first-quarter 2010 financial results

Unisys has reported a first-quarter 2010 net loss of US$11.6 million. The results included approximately US$35 million of pre-tax foreign exchange losses in Other Income/Expense, including $20 million relating to the January 2010 currency devaluation in Venezuela. In the first quarter of 2009, the company reported a net loss of US$24.4 million, which included approximately US$7 million of foreign exchange losses in Other Income/Expense.


The company's operating profit nearly quadrupled to US$58.9 million in the first quarter of 2010 compared with operating profit of US$15.0 million in the first quarter of 2009.


Source: PR Newswire


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