"Unisys is committed to giving clients highly flexible computing services that enable them to move more of their business workload to the cloud," said Rich Marcello, president, Unisys Technology, Consulting and Integration Solutions. "We have found that some organizations prefer a private cloud solution for mission-critical applications that use sensitive data so they can retain greater control over their own and their customers' information. Unisys meets that need with the Secure Private Cloud Solution."

Recent Unisys research has consistently shown that security concerns are the leading cause of enterprise and individual users' hesitancy in adopting cloud computing. The most recent findings of the Unisys Security Index, a bi-annual global study of consumer opinion on security-related issues, showed that a significant percentage of respondents worldwide were uncomfortable about having their personal data controlled by a third party without assurance that the data could be kept secure.

"Unisys cloud computing strategy is based on providing industrial-strength security and data protection," said Marcello. "Like our public cloud offering, Unisys Secure Private Cloud Solution goes a long way toward allaying the security concerns of enterprises and their customers. Unisys Secure Private Cloud Solution presents CIOs with a way to realize the full operational and economic advantages of public cloud computing on their own terms, in their own data centers, with extra measures of security for their organizations' and their customers' sensitive information."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

"Unisys is committed to giving clients highly flexible computing services that enable them to move more of their business workload to the cloud," said Rich Marcello, president, Unisys Technology, Consulting and Integration Solutions. "We have found that some organizations prefer a private cloud solution for mission-critical applications that use sensitive data so they can retain greater control over their own and their customers' information. Unisys meets that need with the Secure Private Cloud Solution."

Recent Unisys research has consistently shown that security concerns are the leading cause of enterprise and individual users' hesitancy in adopting cloud computing. The most recent findings of the Unisys Security Index, a bi-annual global study of consumer opinion on security-related issues, showed that a significant percentage of respondents worldwide were uncomfortable about having their personal data controlled by a third party without assurance that the data could be kept secure.

"Unisys cloud computing strategy is based on providing industrial-strength security and data protection," said Marcello. "Like our public cloud offering, Unisys Secure Private Cloud Solution goes a long way toward allaying the security concerns of enterprises and their customers. Unisys Secure Private Cloud Solution presents CIOs with a way to realize the full operational and economic advantages of public cloud computing on their own terms, in their own data centers, with extra measures of security for their organizations' and their customers' sensitive information."

Automation and Consulting Services Make Secure Private Cloud Solution Easy to Deploy, Operate and Use

Unisys Secure Private Cloud Solution, scheduled for availability in December 2009, leverages the technology and expertise behind Unisys Secure Cloud Solution. Unisys Secure Private Cloud Solution enables clients to reduce IT costs through server and storage virtualization; remove troublesome IT bottlenecks through automated operations and immediate, as-needed self-service provisioning of resources; and align the supply of IT resources to fluctuating business demand.

For ease of deployment, this pre-loaded, ready-to-go solution allows a full range of virtualization, including scale-up and scale-out, and supports physical as well as virtual machines. Clients can typically run existing Microsoft Windows applications without alteration, reducing migration costs and realizing the business benefits of cloud deployment more quickly.

Extreme automation makes Unisys Secure Private Cloud Solution easy to operate and manage. The solution enables automated virtual provisioning and repurposing of IT resources on the fly and provides automated resource tracking to facilitate allocation of IT usage costs to specific groups.

Clients can either monitor the infrastructure themselves or have Unisys do it through the Unisys Converged Remote Infrastructure Management Solution. Announced in March 2009, that solution correlates events across all managed infrastructure segments to orchestrate pre-emptive action against potential IT faults. Unisys also plans to include enhanced capabilities in this solution, such as live chats to resolve service issues more quickly at a lower operational cost.

Provisioning through a self-service portal makes Unisys Secure Private Cloud Solution easy to use. From anywhere on the network, at any time, users can select the configuration and length of time needed to address a specific IT resource requirement and typically move existing applications to a Unisys cloud without modification.

This self-service capability can reduce provisioning time from days to minutes. For example, deploying the technology that underpins Unisys Secure Private Cloud Solution for its engineering development and testing lab, Unisys cut virtual server provisioning time from 10 days to five minutes while avoiding the cost of hiring extra staff to manage the lab.

Organizations using Unisys Secure Private Cloud Solution can optionally choose to implement Unisys Stealth solution for additional data protection. Using patent-pending data protection technology, the Stealth solution cloaks data from detection as it moves through the network. As a result, different departments and applications in a multi-tenant environment can share the same IT infrastructure without fear of compromising the security of their data moving across the corporate network.

To make it easier for users to decide on and deploy Unisys Secure Private Cloud Solution, Unisys has augmented its portfolio of Cloud Transformation Services with Current State Assessment, Design and Planning, Installation and Configuration, Implementation and Application Migration Services specifically for private cloud deployment. The Cloud Transformation Services are delivered by a workforce of 3,000 Unisys consultants worldwide.

Disaster Recovery, Additional Services Boost Unisys Public Cloud Capabilities

"To give clients wider choice in cloud services, Unisys continues to enhance the capabilities of the Unisys Secure Cloud Solution," said Marcello. "We are enriching a public cloud environment that already offers industrial-strength security so enterprise clients and their customers can have greater confidence that their sensitive business and personal information is protected in the cloud."

Unisys has added Secure Disaster Recovery as a Service (DRaaS) to the Secure Cloud Solution. This new service provides comprehensive business continuity and disaster recovery services on a subscription basis, typically lowering clients' cost of entry compared to in-house implementation. The service also makes it easier for clients to comply with laws and standards requiring storage and recovery of sensitive business data and applications.

With the DRaaS service, the Unisys Secure Cloud Solution is configured as a disaster recovery backup facility, with copies of critical applications and data stored in Unisys data centers worldwide. The automated provisioning, replication and failover capabilities of the Secure Cloud Solution permit applications to be recovered within minutes.

Unisys has also added new capabilities to key "as a service" offerings delivered through the Secure Cloud Solution:

-- At the end of November 2009, Unisys plans to support Microsoft stacks, including IIS Web Server, .NET Application Server and SQL Server, along with custom stacks such as IBM Websphere and Oracle, in Unisys Secure Platform as a Service (PaaS). This service makes it easier for clients to move their applications to the cloud without changes; and

-- Unisys Secure Virtual Office as a Service (VOaaS), which provides access to standard office suites through hosted desktop services, will support qualified client-supplied devices, such as PCs used as thin clients. This addition enables IT organizations to give workers access to applications and support through the technologies they want to use so they can stay continually productive no matter where they are.

For further information on Unisys Secure Private Cloud Solution, click on the following link: http://unisys.com/unisys/theme/index.jsp?id=16000032&pid=1036300010000010000

About Unisys

Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 26,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.

RELEASE NO: 1102/9030

Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.

SOURCE: Unisys Corporation

Unisys Corporation 
Brian Daly, 215-986-2214 
brian.daly@unisys.com 
or 
Weber Shandwick for Unisys 
Mary McCeney, 212-445-8160 
mmcceney@webershandwick.com

AVIcode's application monitoring solutions allow Unisys' customers in government, financial services, communication and transportation markets worldwide, to monitor and diagnose application problems -- including performance degradations, code failures, and security and connectivity problems -- to ensure application stability, enable more rapid error resolution and reduce application support costs.

"For many organizations today, application uptime and performance is critical to business success," said Milind Govekar, Research Vice President, Gartner, Inc. "While technology departments are under continued pressure to lower costs and cut budgets, IT applications and systems must continue to function optimally to keep users happy with the service levels on which they depend. With end-to-end monitoring of application performance, organizations can get detailed insight to quickly make informed adjustments, thereby improving business agility, efficiency and scalability."

AVIcode monitors for failures across the application lifecycle and can save IT departments up to tens of thousands of dollars per minute of downtime. Application monitoring also enables more streamlined and cost-effective operations that help prevent the serious financial losses associated with lost business from dissatisfied users.

"This partnership contributes to our main goal of providing our customers with a comprehensive, end-to-end solution that will further help to manage the complexities associated with developing and implementing enterprise-wide business strategies," said Freire. "We are pleased to partner with AVIcode and add their solutions to our offering."

About AVIcode

AVIcode is the leading provider of .NET application monitoring solutions, recommended by Microsoft as a best practice. Our flagship product, Intercept Studio, reduces business risk and improves profitability by detecting problems in real-time throughout the application lifecycle, including end-user monitoring. Our customers benefit from immediate reporting on root causes of errors, down to the line of code and a completely reproducible test case. Organizations worldwide rely on AVIcode's technology to get applications to market faster, reduce maintenance and management costs, and ensure maximum availability and reliability. For more information, visit www.avicode.com.

About Unisys

Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 27,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.

SOURCE: AVIcode, Inc.

Abel Communications for AVIcode 
Marianne Ortiz, 410-843-3816 
marianne@abelcommunications.com

"I'm pleased by the improvement we're seeing, particularly given the difficult economic environment in which we've been operating this year," Coleman said. "While we have a great deal of work to do, these are positive signs that our turnaround is working."

Coleman also cited progress in strengthening the company's balance sheet. During the quarter Unisys successfully completed private offers to exchange unsecured senior notes for secured senior notes, cash and Unisys common stock. As a result of the exchange, the company reduced its long-term debt and cut its 2010 debt maturities to $66 million.

Overall Third-Quarter Highlights

Revenue in the United States declined 3 percent to $542 million, as growth in the company's U.S. federal government business was offset by declines in its commercial business. Revenue in international markets declined 18 percent to $618 million. On a constant currency basis, international revenue declined 11 percent in the quarter.

Unisys third-quarter gross profit margin improved to 26.4 percent from 22.2 percent a year ago as the company benefited from improved cost efficiencies in services delivery and a stronger mix of high-end enterprise servers. Reflecting these factors as well as significant reductions in selling, general, and administrative expenses, the company's operating profit margin increased to 10.2 percent compared with 2.9 percent a year ago.

Third-Quarter Business Segment Results

Customer revenue in the company's services segment declined 13 percent (8 percent on a constant currency basis) compared with the year-ago quarter. Gross profit margin in the services business improved to 19.7 percent compared with 17.6 percent a year ago, while services operating margin improved to 7.7 percent compared with 3.1 percent a year ago.

Services orders showed substantial gains from a year ago, driven primarily by outsourcing contract renewals. Services order backlog at September 30, 2009 was $6.4 billion.

Customer revenue in the company's technology segment declined 4 percent (3 percent in constant currency) from the third quarter of 2008. Gross profit margin in the technology business increased to 55.2 percent compared with 47.5 percent in the year-ago quarter, while technology operating margin increased to 21.2 percent compared with 11.0 percent in the third quarter of 2008.

Cash Flow and Balance Sheet Highlights

Unisys generated $94 million of cash from operations in the quarter compared with $114 million in the year-ago quarter, which benefited from a significant sequential improvement in days of sales outstanding (DSO). The company has continued to maintain the improved levels of DSO. Capital expenditures in the third quarter of 2009 declined to $48 million compared to $78 million in the year-ago quarter as the company continued to tightly focus its investments. After capital expenditures, the company generated $46 million of free cash flow in the quarter. At September 30, 2009, Unisys reported $474 million of cash on hand.

On July 31, 2009, the company completed its private debt exchange offers for the exchange of an aggregate $760.4 million of unsecured senior notes for an aggregate $631.6 million of secured senior notes along with $30 million of cash and 5.2 million shares of Unisys common stock (adjusted for the reverse stock split). The exchange offers reduced the company's overall long-term debt at September 30, 2009 to $911 million and increased shares outstanding to 42.3 million shares (adjusted for the reverse stock split).

Subsequent to September 30, the Unisys Board of Directors approved a reverse stock split of the company's common stock at a ratio of one for ten. The reverse stock split, which was authorized by the company's shareholders at the company's annual meeting in May, became effective after the close of the market on October 23, 2009. The financial statements reflect the impact of the reverse stock split applied on a retroactive basis.

Conference Call

Unisys will hold a conference call today at 8:15 a.m. Eastern Time to discuss its results. The listen-only Webcast, as well as the accompanying presentation materials, can be accessed via a link on the Unisys Investor Web site at www.unisys.com/investor. Following the call, an audio replay of the Webcast, and accompanying presentation materials, can be accessed through the same link.

About Unisys

Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 26,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.

Forward-Looking Statements

Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, any projections of earnings, revenues, or other financial items; any statements of the company's plans, strategies or objectives for future operations; statements regarding future economic conditions or performance; and any statements of belief or expectation. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Risks and uncertainties that could affect the company's future results include the company's ability to refinance its debt; the economic and business environment; the company's ability to access external credit markets; the company's significant pension obligations; the success of the company's turnaround program; aggressive competition in the information services and technology marketplace; volatility and rapid technological change in the company's industry; the company's ability to retain significant clients; the company's ability to grow outsourcing; the company's ability to drive profitable growth in consulting and systems integration; market demand for the company's high-end enterprise servers and maintenance on those servers; the risk that the company's contracts may not be as profitable as expected or provide the expected level of revenues and that contracts with U.S. governmental agencies may be subject to audits, criminal penalties, sanctions and other expenses and fines; the risk that the company may face damage to its reputation or legal liability if its clients are not satisfied with its services or products; the performance and capabilities of third parties with whom the company has commercial relationships; the risks of doing business internationally; the business and financial risk in implementing future dispositions or acquisitions; the potential for infringement claims to be asserted against the company or its clients; the possibility that pending litigation could affect the company's results of operations or cash flow; and the company's consideration of all available information following the end of the quarter and before the filing of the Form 10-Q and the possible impact of this subsequent event information on its financial statements for the reporting period. Additional discussion of factors that could affect the company's future results is contained in its periodic filings with the Securities and Exchange Commission. Unisys assumes no obligation to update any forward-looking statements.

RELEASE NO.: 1028/9028

Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.

UNISYS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Millions, except per share data)
                                                              Three Months                    Nine Months
                                                              Ended September 30              Ended September 30
                                                              2009            2008            2009            2008
Revenue
Services                                                      $  1,006.0      $  1,152.1      $  3,019.8      $  3,486.2
Technology                                                       153.6           160.3           368.4           467.5
                                                                 1,159.6         1,312.4         3,388.2         3,953.7
Costs and expenses
Cost of revenue:
Services                                                         793.1           937.6           2,402.7         2,814.2
Technology                                                       60.7            82.8            187.0           250.5
                                                                 853.8           1,020.4         2,589.7         3,064.7
Selling, general and administrative                              163.5           218.4           506.3           701.9
Research and development                                         24.3            35.7            76.8            98.6
                                                                 1,041.6         1,274.5         3,172.8         3,865.2
Operating profit                                                 118.0           37.9            215.4           88.5
Interest expense                                                 25.4            21.5            68.4            64.3
Other income (expense), net                                      (3.3    )       (0.9    )       (7.0    )       (8.4    )
Income before income taxes                                       89.3            15.5            140.0           15.8
Provision for income taxes                                       26.2            45.1            58.4            72.5
Consolidated net income (loss)                                   63.1            (29.6   )       81.6            (56.7   )
Net income attributable to noncontrolling interests              (2.0    )       (5.1    )       (6.8    )       (15.4   )
Net income (loss) attributable to Unisys Corporation          $  61.1            ($34.7  )    $  74.8            ($72.1  )
Earnings (loss) per share attributable to Unisys Corporation
Basic                                                         $  1.51            ($ .96  )    $  1.96            ($ 2.01 )
Diluted                                                       $  1.48            ($ .96  )    $  1.93            ($ 2.01 )
Shares used in the per share computations (thousands):
Basic                                                            40,569          36,094          38,215          35,797
Diluted                                                          41,403          36,094          38,666          35,797

On January 1, 2009, Unisys adopted SFAS 160, which required certain reclassifications of noncontrolling interests to the 2008 income statement. All references to "net income" or "net loss" contained in this press release are intended to refer to the income statement line item titled "Net income (loss) attributable to Unisys Corporation".

The financial statements reflect the impact of the one-for-ten reverse stock split which became effective on October 23, 2009 on a retroactive basis.

UNISYS CORPORATION
SEGMENT RESULTS
(Unaudited)
(Millions)
                                           Elimi-
                              Total        nations       Services        Technology
Three Months Ended
September 30, 2009
Customer revenue            $ 1,159.6                    $  1,006.0      $   153.6
Intersegment                               ($33.2  )        1.7              31.5
Total revenue               $ 1,159.6      ($33.2  )     $  1,007.7      $   185.1
Gross profit percent          26.4    %                     19.7    %        55.2  %
Operating profit percent      10.2    %                     7.7     %        21.2  %
Three Months Ended
September 30, 2008
Customer revenue            $ 1,312.4                    $  1,152.1      $   160.3
Intersegment                               ($67.5  )        4.0              63.5
Total revenue               $ 1,312.4      ($67.5  )     $  1,156.1      $   223.8
Gross profit percent          22.2    %                     17.6    %        47.5  %
Operating profit percent      2.9     %                  3.1        %        11.0  %
Nine Months Ended
September 30, 2009
Customer revenue            $ 3,388.2                    $  3,019.8      $   368.4
Intersegment                               ($118.4 )        5.0              113.4
Total revenue               $ 3,388.2      ($118.4 )     $  3,024.8      $   481.8
Gross profit percent          23.6    %                     19.0    %        43.8  %
Operating profit percent      6.4     %                     6.1     %        2.8   %
Nine Months Ended
September 30, 2008
Customer revenue            $ 3,953.7                    $  3,486.2      $   467.5
Intersegment                               ($162.2 )        9.4              152.8
Total revenue               $ 3,953.7      ($162.2 )     $  3,495.6      $   620.3
Gross profit percent          22.5    %                     18.4    %        43.4  %
Operating profit percent      2.2     %                     2.9     %        3.1   %

UNISYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Millions)
                                                September 30,        December 31,
                                                     2009                 2008
Assets
Current assets
Cash and cash equivalents                       $    473.6           $    544.0
Accounts and notes receivable, net                   764.0                818.5
Inventories
Parts and finished equipment                         65.1                 64.7
Work in process and materials                        59.7                 70.7
Deferred income taxes                                17.7                 23.8
Prepaid expense and other current assets             112.4                116.7
Total                                                1,492.5              1,638.4
Properties                                           1,438.5              1,416.0
Less accumulated depreciation and amortization       1,192.4              1,139.5
Properties, net                                      246.1                276.5
Outsourcing assets, net                              292.0                314.9
Marketable software, net                             175.3                202.0
Prepaid postretirement assets                        55.6                 20.7
Deferred income taxes                                89.5                 87.6
Goodwill                                             198.2                189.4
Other long-term assets                               191.9                94.6
Total                                           $    2,741.1         $    2,824.1
Liabilities and stockholders' deficit
Current liabilities
Current maturities of long-term debt            $    66.0            $    1.5
Accounts payable                                     287.3                379.2
Other accrued liabilities                            952.4                1,045.7
Total                                                1,305.7              1,426.4
Long-term debt                                       845.0                1,059.1
Long-term postretirement liabilities                 1,410.5              1,497.0
Other long-term liabilities                          325.4                265.4
Commitments and contingencies
Total stockholders' deficit                          (1,145.5 )           (1,423.8 )
Total                                           $    2,741.1         $    2,824.1

UNISYS CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)
(Millions)
                                                                   Nine Months Ended
                                                                   September 30
                                                                   2009              2008
Cash flows from operating activities
Consolidated net income (loss)                                     $    81.6              ($56.7   )
Add (deduct) items to reconcile consolidated net income (loss) to
net cash provided by operating activities:
Employee stock compensation expense                                     (.3    )          (.2      )
Company stock issued for U.S. 401(k) plan                               -                 34.2
Depreciation and amortization of properties                             71.7              80.4
Depreciation and amortization of outsourcing assets                     113.9             126.0
Amortization of marketable software                                     70.3              90.0
Disposals of capital assets                                             5.7               8.6
Loss on sale of assets                                                  4.7
Decrease in deferred income taxes, net                                  16.7              -
Decrease in receivables, net                                            96.4              175.9
Decease in inventories                                                  15.4              16.7
Decrease in accounts payable and other accrued liabilities              (248.8 )          (215.9   )
Increase (decrease) in other liabilities                                6.0               (43.3    )
Increase in other assets                                                (52.0  )          (108.7   )
Other                                                                   .5                9.4
Net cash provided by operating activities                               181.8             116.4
Cash flows from investing activities
Proceeds from investments                                               296.8             4,838.1
Purchases of investments                                                (294.9 )          (4,847.9 )
Collateralized letters of credit                                        (82.5  )          -
Investment in marketable software                                       (43.7  )          (65.9    )
Capital additions of properties                                         (32.1  )          (51.8    )
Capital additions of outsourcing assets                                 (73.4  )          (96.6    )
Purchases of businesses                                                 (1.9   )          (2.3     )
Net cash used for investing activities                                  (231.7 )          (226.4   )
Cash flows from financing activities
Net reduction in short-term borrowings                                  -                 (.1      )
Payments of long-term debt                                              (30.0  )          (200.0   )
Financing fees                                                          (15.4  )          (.8      )
Net cash used for financing activities                                  (45.4  )          (200.9   )
Effect of exchange rate changes on cash and cash equivalents            24.9              (25.5    )
Decrease in cash and cash equivalents                                   (70.4  )          (336.4   )
Cash and cash equivalents, beginning of period                          544.0             830.2
Cash and cash equivalents, end of period                           $    473.6        $    493.8

SOURCE: Unisys Corporation

Unisys Corporation 
Investor Contact: 
Niels Christensen, 215-986-6651 
Niels.Christensen@unisys.com 
or 
Media Contact: 
Jim Kerr, 215-986-5795 
Jim.Kerr@unisys.com