Unisys Australia continued to suffer financially during 2020 financial year with another net loss and a revenue decline.
Unisys Australia has reported its financial results suffered another blow during the 2020 financial year, with the company blaming it on the COVID-19 pandemic. For the period to 31 December 2020, the company reported a net loss after tax of AU$7.86 million, a further decline from the AU$3.27 million loss that was recorded during the 2019 financial year. « The impact from the rapidly changing market and economic conditions due to the COVID-19 outbreak is uncertain, disrupting the business of our customers and partners, and has impacted our business and consolidated results of operations and could impact our financial condition in the future, » the company said. Total revenue declined by 7% from the prior year to AU$216 million. While services supplied to customers still made up a majority of total revenue coming in at AU$203.5 million, it was AU$22 million less than the previous period, which Unisys said was due to a decline in field services, travel, and aviation volume-based contracts.
