Tech Industry Results Update: Google, Microsoft, Samsung, Amazon, Nokia, Apple & Facebook
The season of earning announcements are back. Last quarter was full of ups and downs in tech industry as well. While the Nokia was able to post a positive earning after many consecutive quarters of losses, Facebook was also able to book a strong quarter despite of falling stocks. Facebook posted a whooping 40% Q-o-Q growth in revenue and EPS beats the analysts expectations as well.
Many biggies are yet to announce their results and hence, it may not be the right time to make an overall comment on the tech industry. However, some biggies are in and hence we do an analysis of companies which announced their December quarter results recently.
7 top Technology Company Results
Overall, the topline trend looks good. Even Nokia, which has reported a 20% decline in revenue has done a great recovery by posting a positive bottom line.
Facebook has beaten the expectation, thanks to mobile ad revenue, followed by Google, Amazon and Apple. Samsung which did wonders this year posted a 7% growth in comparison to last quarter.
The bottom-line trend does look interesting. Assuming Nokia as an exceptional case, Facebook again is a winner here, followed by Google.
Apple even after selling record iPhones posted a decline due to higher stock based compensation expenses. Though the future looks good.
“We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.” Says Tim cook, Apple’s CEO.
Amazon’s profits were also affected by higher SBC and D&A expenses. For the coming quarter Amazon expects a $0 to $65 million operating income excluding SBC and amortization expenses. Again a good sign for the industry.
There are still some results in Pipeline. Yahoo, Blackberry and some more biggies to come. As quoted earlier, its too early to make a comment on the overall industry, but as of now the forthcoming quarters are expected to give better results.