A look at recent tech-industry earnings

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Aug. 19: Hewlett-Packard Co. reports that net income jumped 6 percent and revenue notched 11 percent higher in HP’s last full quarter under now-ousted CEO Mark Hurd. But the numbers also show that one of Hurd’s biggest projects - transforming HP into a technology-services powerhouse like IBM Corp. - is progressing slowly, as many companies are hesitant to commit to long-term deals out of fears about the economy. Revenue in the services division, HP’s most profitable, grew just 1 percent to $8.6 billion.

PC maker Dell Inc. says its net income improved 16 percent in the most recent quarter, as companies spent more on servers, storage and computers for employees. But a key measure called gross profit margin fell. The percentage of revenue left after subtracting the cost of making products fell to 16.6 percent from 18.7 percent a year ago. Prices remained high for some PC components, including memory and LCD screens.

Aug. 27: Intel cuts sales forecast for the quarter, citing weaker demand for consumer PCs. Intel says it now expects revenue of $10.8 billion to $11.2 billion for the fiscal third quarter, compared with a previous forecast of $11.2 billion to $12 billion.

Sept. 16: Oracle Corp.’s net income swelled 20 percent in the latest quarter as the world’s biggest maker of database software prospered from freer technology spending by corporations. Its core business is thriving because businesses have pumped up their investments in the programs that run their back offices.

Sept. 21: Adobe Systems Inc. says its net income in the most recent quarter skyrocketed 69 percent, helped by strong sales of Creative Suite 5, the flagship software package that includes Photoshop and Illustrator. However, the company’s revenue outlook for the current quarter fell short of Wall Street’s expectations. Adobe cited slower sales of its design software in the U.S. education market and in Japan.

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