![]() “It means despite a slowing economy in Europe and other places there’s companies still spending on productivity-enhancing technologies,” Forrest said. Kim Forrest, a senior equity research analyst at Fort Pitt Capital Group in Pittsburgh said that all the tech results showed strong demand for products from which corporations expect a future benefit, such as improving employee productivity. But the server and tools business is growing well,” said Sunit Gogia, an equity analyst at Morningstar. “We all expected the PC market to be weak and the Windows business was down because of that. Sales at Microsoft, the world’s biggest software maker, were strong even though its profit slipped as slower personal computer sales to consumers hurt its Windows software business.īut even as consumers fled to cheaper tablet computers from rivals, Microsoft boasted strength from business customers and in emerging markets where computer demand was healthy. Shares of IBM shares rose 3 percent in extended trading after its results, while Microsoft shares rose 2 percent and Intel shares rose 1 percent. Microsoft, IBM and Intel have a combined market capitalization of about $580 billion, representing 15 percent of the Dow Jones industrial index. Turning the corner in terms of cleaning the excess inventory in the channel and seeing a better demand outlook.” “So far what we have seen in technology, looks like we are turning the corner and things are getting better. “Those results look largely favorable,” said JMP Securities analyst Alex Gauna. Microsoft’s results were largely in line with expectations, with growth in its servers and tools business offsetting weakness in Windows sales to PCs. Intel, the leading microchip maker, announced ambitious spending plans after reporting quarterly results that topped scaled-back analyst forecasts. IBM, the world’s largest technology services company, easily beat Wall Street’s fourth-quarter profit expectations and promised earnings growth of 10 percent this year. ![]() The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv in this Octofile photo.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |