Tech Beat: Earnings Season Lessons To Date

Indian software firms remain on a tear. Wipro (WIT) reported 48% profit growth on 41% sales growth.  The company hired 5,328 new employees in the last three months alone, bringing its total to more than 61,000. We would have been impressed if it’s similarly-sized peer Infosys (INFY) hadn’t hired nearly twice as many.

DELL (DELL) continues to lose ground to Hewlett Packard (HPQ - Annual Report). Gartner Inc. said Hewlett-Packard moved into the No. 1 position for the first time since the fourth quarter of 2003 with a lead of 110,000 units over Dell, while IDC put the lead at 28,000 units, which it considered a statistical tie at 17.2 percent of the world market. Still, Apple (AAPL) is doing even better.
Price wars don’t help anybody. At least not Intel (INTC - Annual Report) or AMD (AMD - Annual Report).

Keane (KEA) isn’t getting IT done any better than IBM (IBM - Annual Report) or CDW (CDWC). From the conference call: “On a year-to-date basis, Keane’s revenues are up 4%, excluding the IBM staffing business, which we divested last year.” That is more or less in line with the industry, which shouldn’t get many investors excited.

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Topics: Advanced Micro Devices (AMD), Apple (AAPL), CDW Corp (CDWC), Dell (DELL), Hewlett Packard (HPQ), IBM, Infosys (INFY), Intel (INTC), Keane (KEA), Stock Market, Wipro Ltd. (WIT) | RSS

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