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JUL 18, 2000, M2 Communications - BLUE BELL, PA -- Unisys Corporation (NYSE: UIS) today reported second-quarter 2000 net income of $56.3 million, or 18 cents per diluted common share, excluding an extraordinary charge for the repayment of debt. This compared to second-quarter 1999 net income of $118.0 million, or 37 cents per diluted common share. As previously announced, the company took an after-tax extraordinary charge of $19.8 million, or 6 cents per share, in the second quarter related to the early retirement of its remaining $399.5 million of 12% notes on April 15. Including this charge, the company's diluted earnings per share were 12 cents in the second quarter of 2000.
Revenue in the quarter declined 16% to $1.6 billion from $1.9 billion in the year-ago period. Without the negative impact of foreign currency translation, revenue in the quarter declined 13% from a year ago. |