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Business Description
Unisys Corporation is a worldwide information technology (IT) services and solutions company that combines expertise in systems integration and consulting, outsourcing, infrastructure and high-end server technology to help clients achieve competitive advantage. The primary vertical markets the Company serves worldwide include financial services, communications, transportation, commercial and public sector, including the United States federal government. Unisys has two business segments, Services and Technology. In the Services segment, the Company provides end-to-end services and solutions designed to help clients improve their competitiveness and efficiency in the global marketplace. In the Technology segment, Unisys develops servers and related products that operate in transaction-intensive, mission-critical environments.

Financial Information
For the nine months ended 9/30/04, revenues rose 1% to $4.3 billion. Net income decreased 50% to $73.5 million. Revenues reflect a positive currency translation effect. Lower income reflects a decrease in gross margins due to higher pension expenses and higher research and development expenses due to charges related to cost reduction actions.