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What: Shares of Unisys (NYSE:UIS) have popped by as much as 13% today after the company reported earnings.
So what: Revenue of $859 million crushed the consensus estimate of $838 million. The bottom line also beat, but by less. Unisys posted non-GAAP earnings per share of $0.91, slightly ahead of the $0.90-per-share forecast.
Now what: CEO Ed Coleman said the company was happy with the sequential improvement. The services business was under pressure amid a tough IT spending environment, but the company's technology business helped make up for it. The strength of ClearPath helped buoy the technology segment's performance.
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