Unisys Australia appears to have dramatically turned its 2017 bottom line around from the multimillion-dollar loss it reported in 2016, with the company posting a pre-tax profit of $5.8 million.
The local arm of the US-headquartered global IT services firm lodged its financials for the year ending December 2017 with Australia’s corporate regulator on 27 April.
The latest financial report shows that the company’s local revenue rose by $2.9 million to $241.4 million for the 12-month period, up from the previous year’s $238.5 million.
Of the $241.4 million total revenue tally, $223.2 million came from services – just over $10 million less than last year – and $17.9 million was generated from sales, representing a substantial $13.5 million increase.
Unisys Australia’s pre-tax profit for the year came in at just under $5.8 million, a marked improvement from the $4.6 million pre-tax loss it reported the year prior.
The company’s profit after tax for the year, meanwhile, came to almost $4.1 million, roughly $7.4 million up from the previous year’s after-tax loss of $3.3 million.
At the same time, the company reported a $1.7 million aggregate income tax expense for 2017. The previous year saw the company report a $1.3 million tax benefit – largely due to the pre-tax loss it lodged in 2016.
However, as noted by media outlet ZDNet, Unisys Australia’s 2017 financial report lists its current tax expense with a value of zero, while at the same time reporting just under $2.6 million in deferred tax.
All up, the company reported $260.6 million in receipts from customers, a slight $2.6 million increase on the previous year, while payments to suppliers and employees came to $247.7 million, representing a $4.1 million increase on the year prior.
A major provider in the government space, Unisys Australia won a $56 million deal last year to provide data centre managed services for VicRoads, known as The Roads Corporation.
The company also netted a $77.7 million three-year contract extension last year with the Department of Immigration and Border Protection (DIBP) to provide managed end-user computing and infrastructure support services.
So far this year, Unisys Australia has been handed a $46.5 million extension to its pre-existing IT support services contract with Australia’s Department of Defence and a contract with Australia's Department of Home Affairs worth $44.2 million to design and implement a new enterprise biometric identification services (EBIS).