Earnings Roundup: How are Top Tech Players Fairing?

(Ping! Zine Web Tech Magazine) – A number of tech companies recently issued their latest quarterly earnings reports amid a period of economic slowdown for the computer industry overall. Below we highlight some of those pertaining to key tech players:

Microsoft: The Windows-developer has kept busy gearing up for next week’s launch of Windows 8. Quarterly revenue accounted for $16.01 billion, Microsoft reported Thursday. Factors in play included the Windows 8 presales for OEMS and the company’s Windows Upgrade Offer. “The launch of Windows 8 is the beginning of a new era at Microsoft,” commented CEO Steve Ballmer in a press release.

AMD: The chipper maker reported a weak revenue of $1.27 billion. That represents a 10% decrease for the company sequentially. “The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD,” commented AMD CEO Rory Read. The company was also expected to implement layoffs as part of a restructuring.

Intel: Major tech provider Intel reported a revenue of $13.5 billion. Like AMD, the company also cited the economic situation. CEO Paul Otellini remained optimistic regarding the company’s inspired Ultrabooks, phones and Intel-powered tablets.

Google: The top online service provider’s earnings were noted to be relatively weak by a number of media outlets. On Thursday, the company reported it had earned $14.10 billion. Amid the news, stocks fell over 9%. However, CEO Larry Page remained more optimistic, calling it a “strong quarter.”

Equinix: The colocation and data center provider will report earnings October 30th.

IBM: The company said it had made a net income of $3.8 billion. That represents an increase of 3% minus what the tech provider said was the “impact of UK pension-related charges.” “In the third quarter, we continued to drive margin, profit and earnings growth through our focus on higher-value businesses, strategic growth initiatives and productivity,” commented CEO Ginni Rometty.

Facebook: The top social network will report its annual earnings next Tuesday.

eBay: The top auctioning site reported $3.4 billion in earnings. That’s a 15% increase compared to last year. “We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth,” commented CEO John Donahoe in a press release.

Yahoo!: The company, riding the momentum of new CEO Marissa Mayer, is set to hold a conference call discussing its earnings Monday.

Netflix: The top streaming content provider will report third-quarter earnings next Tuesday.

Zynga: The social gaming provider noted earlier this month that it expected to report a revenue somewhere between $300 and $305 million.

Nokia: The electronics maker reported it had ended the third quarter with a net cash amount of 3.6 billion EUR. The result was disappointing. In a press release, CEO Stephen Elop stated, “As we expected, Q3 was a difficult quarter in our Devices & Services business; however, we are pleased that we shifted Nokia Group to operating profitability on a non-IFRS basis.”

Apple: The popular iPhone maker will reportedly announce its earnings next Thursday.

Verizon: The mobile provider reported a revenue of $19.0 billion. “In the third quarter, Verizon continued to deliver double-digit earnings growth and strong cash generation, and we remain solidly on track to meet our financial objectives for the year,” commented CEO Lowell McAdam.

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