SAN JOSE, Calif. (AP) — Unisys Corp. on Monday posted a second quarter loss in part due to declines in the sale of technology services to the U.S. government.
Its shares fell $1.19 cents, or 4.7 percent, to $24.20 in extended trading.
Net loss for the three months ended June 30 was $11.6 million, or 27 cents per share, compared with net income of $120.2 million, or $2.77 per share, a year earlier. Excluding a charge for debt restructuring and the loss of a tax case concerning its former Brazilian manufacturing operations, Unisys earned 93 cents a share in the latest quarter.
Revenue fell 10 percent to $937.2 million. That was lower than the average estimate of $951 million of three analysts polled by FactSet.
The company blamed a decline in its U.S. federal government business for part of the shortfall. Apart from that business, the company reported a decline in systems-integration work, in which Unisys helps companies set up and manage their computer systems. Unisys said outsourcing grew.