Unisys Corporation, the US-based IT specialist, has reported total revenue of $747m for the year, representing growth of 3.5% year-on-year.
The company also reveals operating cash flow of $203m, up $88m relative to $115m in prior-year quarter. Adjusted free cash flow was $204m, up $89m relative to $115mn in the prior-year quarter.
Unisys also reported accelerated contract signings for the year with Annual Contract Value (ACV) up 22% year on year and Total Contract Value (TCV) up 8 % year on year.
The company's pension deficit declined $390m to end 2017 at $1.78bn. Net loss for 2017 was $65m, versus a net loss of $48m in 2016.
Commenting on the latest numbers Unisys President and CEO Peter A. Altabef. Said: "Our 2017 results are strong and indicate that Unisys is on track with its strategic plan."