- 22 октября 2012, 18:49
- Seeking Alpha. Most popular articles
Several IT companies reported earnings recently, showing notable deterioration in financial performance. Intel (INTC), the world's largest chipmaker by revenue, reported third-quarter sales at the top of previous guidance and beat earnings estimates. However, sales were down 5% over the past year and EPS was 14% lower than in the same quarter of last year. Microsoft (MSFT), the world's largest software maker, saw its first loss in 26 years as a public company, due to write-offs and revenue deferrals. Its quarterly sales and EPS were down markedly, missing analyst estimates. IBM Corporation (IBM) also reported lower revenue, although its EPS beat analyst estimates.
The main culprit behind the weak performance of these IT bellwethers is a severe decline in the PC demand. While enterprise revenues continued to perform well, the PC demand plunged. IT research firm IDC reported an 8.6% decline in PC shipments in the third quarter on a
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