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Technology / AI and automation

DEC 4Q TURNOVER UP 25% AT $3.340M, PROFITS UP 6%

DEC turned in a fourth quarter substantially better than expected in volume terms, with turnover up a hungry 25% at $3,340m while profits rose 6% to $401m (see Company Results, page five): the company says that while it experienced the same lacklustre tone of business in the US, overseas performance was particularly robust; most striking is that the strong fourth quarter growth shot the company past Unisys Corp into second place in the US ranking, third behind Fujitsu Ltd worldwide, with turnover for the year of $11,480m, which underlines the problems Unisys Corp faces in putting the lumbering leviathon created by the combination of Burroughs and Sperry onto a growth tack – DEC was an $8,500m company when Unisys was born as a $10,000m company but two years later, Unisys is still a $10,000m company.

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CBR Staff Writer

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