View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 15, 1998


By CBR Staff Writer

A year ago Unisys Corp brought in former Andersen Worldwide boss Lawrence Weinbach as CEO and the difference was immediate. Now the company has announced a $1bn reduction in debt and third quarter figures show net income up 87.8% to $95.6m, while revenues are up 8.9% at $3.4bn. Information systems is the company’s big growth generator. Its revenues are up 25% and margins have grown. Unisys no longer makes PCs, notebooks and low-end servers, so revenues in the computer business systems declined by 5%. But the remaining hardware business is holding its own and Unisys says that orders are well up on a year ago, driven by demand for Clearpath mainframes. Unisys also has high hopes for the launch next year of Cellular MultiProcessing CMP servers, which offer both clustering and symmetric multiprocessing (SMP) in a single system.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy