Unisys NZ revenue and profit down

Local subsidiary remits $20 million to US holding company

Unisys New Zealand recorded both reduced revenue and profit in its financial year to December 31, 2010.

Turnover was $78.3 million compared with $83.1 million the previous year, and after-tax profit $6.88 million compared with $9.45 million. The company continued to pay an annual dividend of $20 million to Unisys Holding Corporation.

Managing director Brett Hodgson says the company continued to be profitable in 2010 despite New Zealand’s tough economic environment at a time when both the official business confidence index and national GDP growth rate fell.

“Business wins and extensions for Unisys New Zealand in 2010 spanned the commercial and Government sector, avoiding dependence on one market segment. These included Hertz New Zealand - Stealth data encryption for PCI compliance; Foodstuffs – mission critical point of sale systems support; AMI Insurance – virtual tape library; Alliance Group – ClearPath; ASB Bank – ClearPath; PSIS – support contract renewal; and NZ Inland Revenue – enterprise services extension,” says Hodgson.

“This has enabled us to continue investment in our local business, underpinning our commitment to the New Zealand market such as the expansion of our Auckland data centre, and recruiting for client-facing roles. External events in 2010 also highlighted the importance of our business continuity services for clients as was evident in our support of clients following the first earthquake in Christchurch in September 2010, and again tested in the devastating one in February 2011.”

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