IT vendors report healthy bank balances as results are counted

This month has seen a flurry of company results released, some good, some better. Here's a run down of the ones to watch:

Apple's third quarter results for the period ending July 1, 2006 revealed the second highest quarterly sales and earnings in the company's history. It reported revenue of $4.37 billion and a net quarterly profit of $472 million, compared to $3.52 billion and $320 million respectively for the same period the prior year.

The company shipped 1,327,000 Macintosh computers and 8,111,000 iPods during the quarter, representing growth of 12 per cent 32 per cent growth respectively compared to the same period in 2005.

Search giant Google reported revenues of $2.46 billion for the quarter ended June 30, 2006. This represents an increase of 77 per cent compared to the second quarter of 2005 and an increase of 9 per cent compared to the first quarter of 2006.

Chip vendor Intel released its second quarter results, showing a revenue of $8 billion, operating income of $1.1 billion, net income of $885 million and earnings per share (EPS) of 15 cents. The following day Intel announced plans to restructure its senior management team with the aim of speeding up and enhancing decision making.

President and chief executive officer Paul Otellini said the changes would enable him to spend more time focusing on key strategic issues.

Nokia's second quarter was a healthy one, with the company reporting a 22 per cent increase in sales which totalled €9.8 billion. Operating profit for the same period grew by 50 per cent to €1.5 billion with an operating margin of 15.3 per cent.

Software giant Microsoft also reported its fourth quarter results (for the period ending June 30, 2006) and announced plans to buy back $20 billion of shares. The company enjoyed a healthy financial quarter with record revenues of $11.8 billion, a 16 per cent increase for the same period in 2005.

Operating income rose by almost a third (30 per cent) compared to the last year's figures, totaling $3.88 billion. Revenues for the complete fiscal were reported as $44.28 billion, an 11 per cent increase over the year before. Operating income for the same period was 13 per cent higher than 2005 at $16.47 billion.

SAP disclosed preliminary financial results for the second quarter and six months ended June 30, 2006. Total revenues were €2.2 billion for the second quarter of 2006, representing an increase of 9 per cent compared to the same period in 2005. Net income for the second quarter of 2006 was €414 million, compared to €289 million in 2005, representing an increase of 43 per cent.

Enterprise infrastructure and mobile software vendor Sybase reported its results for the second quarter ended June 30, 2006. During this period, total licence revenue increased by 22 per cent to $83.1 million. Total revenue grew by 5 per cent to $215.6 million compared to the same period in 2005.

Yahoo released the results for its second quarter ending June 30, 2006, which showed revenues of $1,576 million and operating income of $230 Million ($457 million before depreciation, amortization and stock-based compensation expense).

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