CEO: J. Edward Coleman
The surge in Unisys' stock price isn't reflective of the company's financial performance in 2013. For the first nine months of the fiscal year, ended Sept. 30, Unisys reported sales of $2.46 billion, down 9.8 percent from the first three quarters of fiscal 2012. For the bottom line, the company reported a $25.1 million loss for the three-quarter period in 2013 (including $28.9 million in pension expenses and $23.1 million in debt reduction charges), compared to a profit of $47.6 million in the first three quarters of 2012.
One element Unisys is counting on for its future growth is the "Forward! By Unisys" platform the company announced in October and began delivering to clients in December. Forward! By Unisys is a fabric-based architecture the company said brings mission-critical security, scalability and availability to workloads running on Intel-based servers.
Blue Bell, Pa.-based Unisys was No. 19 on the CRN 2013 Solution Provider 500 list.