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Why Shares of Unisys Are Surging Today

TheMotleyFool

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Shares of Unisys (NYSE: UIS) soared on Wednesday after the technology services and solutions provider blew past analyst estimates for its second-quarter results. Unisys beat expectations across the board, posting its strongest revenue growth in more than 20 years. The stock was up 21.3% at 12:20 p.m. EDT.

Unisys reported second-quarter revenue of $753.8 million, up 12.9% year over year, $64.3 million above the average analyst estimate. Revenue grew at a faster 16.5% rate on a constant-currency basis.

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