The Blue Bell company announced today that its net loss for second-quarter 2008 was $14 million, or minus-4 cents per share, compared with a loss of $65.5 million, or minus-19 cents per share, in second-quarter 2007.

Revenue for the period fell 3 percent, to $1.34 billion this year from $1.38 billion in the second quarter of 2007.

In a written statement, Unisys president and CEO Joseph W. McGrath said revenue in the quarter fell primarily because of weakness in the financial services industry.

"Given the weak economic environment and the declining revenue in our non-strategic businesses, we will be placing additional focus on reducing costs in order to enhance our margins," he said.