Q1 2009 Earning Report of Unisys Corp

Unisys reported its first-quarter 2009 financial results, with revenue declining 15% year-over-year to $1.1 billion due to weakness in the global economy. However, the company made progress on its turnaround efforts by reducing operating expenses by 24% and improving services operating margins. Cash flow also significantly improved compared to the prior year. Looking ahead, Unisys will continue executing its turnaround priorities to drive cost efficiencies and margin improvements in order to navigate the challenging business environment.