We had three big boys of tech report earnings after the close today. We have the details below. tell us what you think of these reports!
IBM (IBM) reported total revenue of $24,673, down from $29,486 in 4Q11 and up slightly from $24,607 in 1Q11. We drill down on both service lines, Tech and Business as well as Software to determine the health of the quarter.
Tech Services came in at $10,035 down 4% from $10,452 in 4Q11 and 1.7% higher than the $9,863 reported in 1Q11.
Business Services reported revenue of $4,637 down 4.9% from the $4,877 reported in 4Q11 and off 1.55% from the year ago level of $4,710 reported in 1Q11.
Software revenue was $5600, down from $7648 in 4Q11 or 26% below the prior quarter and 5.5% ahead of the $5,308 reported in the year ago period. Software generally contributes a higher amount to gross margin.
Gross profit came at 45.1%, below last quarter’s 49.9% but up from the year ago level of 44.1%.
Intel (INTC) is the maker of the brains of most of today’s computers.
Revenue came in at $12.9 billion, down from $13.8 billion in 4Q11 and slightly up from $12.8 billion in 1Q11.
Gross Margins were 64% in line with last quarters gross margins and 3.2% higher than the 62% reported in the year ago period.
The PC and Data segment revenues were down both sequentially and year over year.
Yahoo! (YHOO) is holding a conference call with new CEO Scott Thompson shortly after he has outlined three areas of focus for the struggling search company.
Search revenues of $470 million were up 25% sequentially and 3.3% from the $455 million posted in the year ago period.
Display was a big disappointment, at $511 million it was 6.2% below the prior quarter’s $545 million and 2.1% below the year ago level of $522 million.
Other revenue came in at $239 million down 3% sequentially and up 1% from the year ago level.
Total revenues increased 4.5% sequentially and were basically flat with year ago levels as Yahoo! continues to struggle to find growth.
Tell us what you think of these tech titans!
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