Intel, IBM, Microsoft and SAP post positive financial results

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Big information technology companies posted positive results for their recent fiscal quarter and their optimist outlook for 2012 may suggest a growth in IT spending. However, Gartner recently reduced its worldwide ICT spending growth forecast from 4.6% to 3.7% for 2012 reaching $3.8 billion.

Intel

Intel reported a 24% increase in its full-year revenues to $54 billion, with operating income of $17.5 billion, net income of $12.9 billion and earnings per share of $2.39.

“2011 was an exceptional year for Intel,” said Paul Otellini, Intel president and CEO, in the press release, highlighting that Intel grew revenue by more than $10 billion. “With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets.”

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Intel’s business outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after Jan. 19. The company projects 2012 first-quarter revenues of approximately $12.8 billion.

IBM

IBM (NYSE: IBM) said that it expects to post 10% growth in full-year 2012 earnings per shares to at least $14.16; and operating earnings per share of at least $14.85. IBM closed 2011 with double-digits diluted EPS of $13.06.

IBM’s total revenues for the fourth quarter of 2011 was $29.5 billion, up 2% (1%, adjusting for currency) from the fourth quarter of 2010. Net income for the year was $15.9 billion compared with $14.8 billion in 2010. Revenues for 2011 totaled $106.9 billion, an increase of 7% (3%, adjusting for currency), compared with $99.9 billion in 2010.

Microsoft

Microsoft reported quarterly revenue of $20.89 billion for its second fiscal quarter Dec. 31, 2011, a 5% increase from the prior year period.

“We delivered solid financial results, even as we prepare for a launch year that will accelerate many of our key products and services,” said Steve Ballmer, Microsoft CEO, in a statement.

Microsoft said it was revising operating expense guidance downward to $28.5 billion to $28.9 billion for the full year ending June 30, 2012.

SAP

German-based SAP (NYSE: SAP) said that it has its best ever full-year and fourth quarter performance, driven by growth in its core applications business, strong momentum for analytics and mobile solutions and accelerated growth for SAP’s Hana technololgy.

“In an uncertain environment, SAP delivered the best year in its 40 year history. We gained significant market share and achieved double-digit growth across all regions,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP.

SAP reported a $18.5 billion full-year revenue (IFRS), up 15% compared with the $16.2 billion posted in 2010.

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