Arab Today, arab today corporate spending boosts tech majors
Last Updated : GMT 04:52:20
Arab Today, arab today
Arab Today, arab today

Corporate spending boosts tech majors

Arab Today, arab today

Arab Today, arab today Corporate spending boosts tech majors

Seattle - Arabstoday

Corporate spending on computers and software gathered steam last quarter, bolstering sales and profit at Microsoft, Intel and International Business Machines. Results from all three companies this week surpassed analysts\' predictions, with Microsoft saying on Friday that sales climbed to $17.4 billion (Dh63.8 billion) in its fiscal fourth quarter. That topped the $17.2 billion average estimate of analysts. Intel\'s revenue forecast for the current quarter, released a day earlier, also exceeded projections. Companies are replacing aging desktop machines and equipping data centres to deliver computing over the internet, via the so-called cloud. That\'s fuelling demand for new versions of Microsoft programs for businesses, more powerful chips from Intel and technology services provided by IBM. It\'s also making up for sluggish PC buying from consumers in developed markets. \"What Intel said was the enterprise was strong, and that\'s what you saw in the Microsoft numbers as well,\" said Pat Becker Jr., a fund manager at Portland, Oregon-based Becker Capital Management Inc. His firm holds Intel and Microsoft shares among the $2.5 billion it has under management. Net income in the fiscal period that ended in June rose 30 per cent to $5.87 billion, or 69 cents a share, Redmond, Washington-based Microsoft said in a statement on Friday. That beat the 58-cent estimate of analysts surveyed by Bloomberg. Microsoft was little changed in late trading on Friday after gaining 4 cents to $27.10 on the Nasdaq Stock Market. Intel, based in Santa Clara, California, slipped 18 cents to $22.81, while Armonk, New York-based IBM climbed $1.25 to $184.90 in New York Stock Exchange composite trading. IBM\'s second-quarter revenue, reported on Monday, topped predictions. Other technology companies also have benefited from increased spending by businesses. Google Inc., the biggest Web-search company, said last week that ad prices are up because companies are more willing to spend to market online. Microsoft, the world\'s largest software maker, said companies are snapping up copies of Windows 7, Office software, and programs tailored for servers the powerful machines that outfit data centres. The company also benefited from lower taxes. Its rate fell to 7 per cent last quarter from 25 per cent a year earlier because more earnings were taxed at lower rates in Ireland, Singapore and Puerto Rico, Microsoft said in a statement. The rate explains much of the reason why results surpassed predictions, Chief Financial Officer Peter Klein said in an interview. Unearned revenue which comes from multiyear contracts that isn\'t recognised in the current period and indicates future sales was also higher than analysts projected. That figure was $17.1 billion, above the average estimate of $15.6 billion, according to Bloomberg data. Microsoft saw higher demand for Windows PCs for corporations than those for consumers, Klein said. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today corporate spending boosts tech majors Arab Today, arab today corporate spending boosts tech majors

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today corporate spending boosts tech majors Arab Today, arab today corporate spending boosts tech majors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday