Top IT companies of the world reported their quarterly earnings last week. Some beat Wall Street expectations, while others recorded losses for consecutive quarters. But the real heroes (or villains in some cases) were the ideas, technologies and strategies that contributed to the companies’ fate.
The Cupertino-based company gave good news with strong quarter results. The company recorded an all-time record revenue from services and its net profit rose by 38 percent.
Microsoft reported its first loss in three years. The loss came in the form of the USD 7.6B write down for its acquisition of Nokia. But the glimmer of hope came from the increase in Surface tablet’s business.
Google performed well with strong earnings for its second quarter, surpassing Wall Street’s expectations and as a result its shares too surged. But Google’s overall growth has slowed. The company’s 11 percent growth rate was the smallest increase since 2012. And the buzz was around mobile advertising this quarter.
IBM reported a decline in profit and revenue for a straight second quarter of the year. The drop was a result of IBM selling its x86 server business to Lenovo. But IBM’s ray of hope came from the segments it identified as critical-cloud, analytics and engagement products. The revenue from this segment was up by more than 20 percent than last year.
With Jack Dorsey acting as an interim CEO, Twitter posted an increase in revenue this quarter. But the increase in numbers of registered users remain low. Twitter acquired Periscope earlier this year, but hasn’t monetized it yet.