SAP Tightening Up

SAP’s results reveal that compared with the last quarter, when it seemed to be going strong, the company has become yet another giant to be affected by the global economic crisis. Its shares fell almost 50% in a month as the crisis worsened. Yesterday, SAP reported third quarter results and lowered its profit margin target for fiscal 2008, which led to a 16% slump in the stock. Its shares had slid 16% earlier in the month when the company reported preliminary results that missed estimates.  >>>

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Outsourcers Cautious

I had covered some of the most well-known Indian IT outsourcers in my list of Top 10 Outsourcing Stocks published in September. A few of these outsourcers recently announced their quarterly results, and in this post I discuss Wipro and Satyam. >>>

Yahoo! Fumbling Away

Yahoo!’s (YHOO) performance does not seem to be improving. Add the current economic conditions to their already worrisome leadership issues and you have a stock that continues to be in free fall. >>>

Microsoft’s View Of Recession

The IT giant Microsoft (MSFT) isn’t safe from the damage caused by worsening economic conditions, as was evident from their Q1 results last week. >>>

Amazon’s International Strategy?

The economic recession is hitting retail stocks worldwide. The recent announcement of Amazon’s (AMZN) results did not bring much cheer to the market either. >>>

Nokia Slows

While Apple had a great quarter, Nokia lost market share and reported a disappointing quarter last week. The loss in market share follows its decision not to match aggressive pricing from its competitors at the cost of profitability. While market share slid to 38% from 40% last quarter and 39% last year, gross margin was 35.6%, up from 34.2% last year. >>>

Apple Takes A Bite Of Rim

Apple, which recently topped my list of Top 5 Handset Stocks, reported fourth quarter results yesterday that beat profit estimates but missed revenue estimates. Despite the tough market, Apple sold 6.9 million iPhones in the quarter and beat its sales target of 10 million iPhones in calendar year 2008. >>>

SunPower Shines Bright

More good news. SunPower (SPWR) announced impressive Q3 earnings last week. With revenues of $377.5 million, they exceeded the market’s expectations of $350 million, and reported annual growth of 61%. Their EPS grew 82% to $0.60 and beat the Street’s view of $0.56. >>>

IBM Unintimidated

Some good news amidst this bloodbath. IBM is second on my recent list of Top 10 Outsourcing Stocks and its recent earnings show why. Despite the tough market, the company had a strong quarter. IBM had grown stronger in the face of the Great Depression and its performance through recent quarters (read earlier coverage of Q407, Q108 and Q208) is another indicator that the company is well prepared to sail through the current market conditions. >>>

Google Shines Amidst Volatility

Google (GOOG) reported Q3 earnings yesterday that exceeded all market expectations despite the worsening economic conditions. They reported revenues of $5.5 billion with EPS of $4.92. The market was looking for revenues of $5.6 billion and EPS of $4.75. >>>