Revenue Update on Unisys Corporation(NYSE:UIS)

Unisys Corporation(NYSE:UIS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $748.90M. Analysts estimated a revenue of $688.38M. Earnings per share were $0.36. Analysts had estimated an EPS of $-0.51.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on Unisys Corporation, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm.

Unisys Corporation (UIS) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.30% at a volume of 7,96,994. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10. The peak price level was also seen at $10 while the days lowest was $9.7. Finally the shares closed at $9.91. The 52-week high of the shares is $16.26 while the 52-week low is $6.72. According to the latest information available, the market cap of the company is $496 M.

Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services systems integration and consulting services server technology cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Company’s services include outsourcing systems integration and consulting infrastructure services and maintenance. The Company’s Technology segment designs and develops software servers and related products. The Company’s product offerings include enterprise-class servers such as the ClearPath family of servers the Forward! by Unisys line of fabric servers and the ES family of servers; the Unisys Stealth family of cybersecurity software and operating system software and middleware.

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