Commenting on its figures (see page seven), Unisys Corp says it achieved profitability in the third quarter due to cost-cutting measures, a subsequent $10m reduction in interest payments and borrowings reduced by $275m, leaving debt of less than $2,000m, the lowest level since the company was created in 1986: cash balances were up $500m to $1,100m; cash flow is said to be roughly on target – $200m this quarter, and an estimated $600m for the year; the target cash flow for the full year was $700m; Unisys estimates that 20% to 25% of revenue is now generated from its mainframe businesses, 30% to 35% from its workstation, communications and Unix activities, and 40% to 45% from services; research and development expenditure still amounts to approximately 10% of revenue and its marketing programmes are focussing on the airline business, communications, and financial services sectors.
