2017年-普华永道全球_Technology_Sector_scorecard_Q2_2017_27页_1mb

Technology Sector Scorecard - Q2 2017 Summary

Core Content Overview

The Q2 2017 Technology Sector Scorecard provides a detailed analysis of revenue growth, financial performance, and market dynamics across various subsectors of the technology industry. The report highlights the overall performance of the sector and breaks down the key trends in each subsector.

Key Financial Performance

• Overall Revenue Growth: The technology sector reported a year-over-year revenue growth of 10.7%, but the growth slowed to 3.1% quarter-over-quarter.
• Subsector Performance:
  • Software Services: Highest growth at 35.0% YoY, driven by the merger of CSC with HPE's Enterprise Services business to form DXC Technology.
  • Internet: Second-highest growth at 25.1% YoY, led by Facebook (44.8% YoY), Netflix (32.3% YoY), and LinkedIn (25.8% YoY).
  • Software: Growth of 10.7% YoY, fueled by increased cloud adoption and related security solutions.
  • Systems & PC Hardware: Growth of 10.7% YoY, with strong server growth offsetting declining PC demand.
  • EMS: Growth of 7.3% YoY, with Tech Data Corp and Arrow Electronics leading.
  • Semiconductors: Growth of 6.5% YoY, with global sales reaching $97.9 billion in Q2 2017.
  • Consumer Electronics: Growth of 4.3% YoY, with Apple and Canon showing strong increases, while Philips and Apple saw significant sequential declines.
  • Communications: Decline of 5.5% YoY, but sequential growth of 5.5%, attributed to improved performance at Nokia and reduced losses at LM Ericsson.

Key Observations

• M&A Activity: Mergers and acquisitions in the media, information, software, and tech-enabled services sectors totaled over 1,000 transactions and $100 billion in value.
• PMI Trends: The US Purchasing Manager's Index (PMI) declined to 55.8 in Q2 2017 from 57.2 in Q1 2017, but showed a positive trend in June with a 2.9-point increase.
• As-a-Service Growth: The as-a-service model (IaaS and SaaS) saw significant growth, with $3.8 billion in annual contract value (ACV) in Q2 2017, compared to $5.5 billion in traditional sourcing.
• Global Economic Confidence: Confidence dipped slightly in Q2 2017, with non-OECD economies outperforming OECD economies for the first time since 2011.
• Regional Trends: BRIC economies (Brazil, Russia, India, China) showed simultaneous growth for the first time in two and a half years. Western Europe experienced a decline in sentiment, partly due to the UK's economic confidence reaching its lowest level since Q4 2011.

Notable Companies

Software Services

• DXC Technology: Formed from the merger of CSC and HPE's Enterprise Services, reported $5.9 billion in revenue.
• Cognizant: Revenue of $3.7 billion, with a 38.4% gross margin.
• Infosys: Revenue of $2.7 billion, with a 36.2% gross margin.
• HCL: Revenue of $1.9 billion, with a 33.7% gross margin.
• TCS: Revenue of $4.6 billion, with a 41.6% gross margin.

Internet

• Amazon: Revenue of $38 billion, with a 38.2% gross margin.
• Alphabet Inc.: Revenue of $26.0 billion, with a 60.1% gross margin.
• Facebook: Revenue of $9.3 billion, with a 86.7% gross margin.
• Netflix: Revenue of $2.8 billion, with a 31.7% gross margin.
• Yelp: Notable increase in net income year-over-year.

Software

• Microsoft: Revenue of $23.3 billion, with a 63.7% gross margin.
• Oracle: Revenue of $10.9 billion, with a 81.5% gross margin.
• Adobe: Revenue of $1.8 billion, with a 86.5% gross margin.
• VMware: Revenue of $1.9 billion, with a 85.8% gross margin.
• Symantec: Revenue of $1.2 billion, with a 78.1% gross margin.

Systems & PC Hardware

• HP Inc.: Revenue of $13.1 billion, with a 18.6% gross margin.
• Dell Technologies Inc.: Revenue of $19.3 billion, with a 24.9% gross margin.
• Hewlett Packard Enterprise Co: Revenue of $8.2 billion, with a 33.7% gross margin.
• IBM: Revenue of $19.3 billion, with a 45.6% gross margin.
• Lenovo: Revenue of $10.0 billion, with a 13.6% gross margin.

EMS

• Tech Data Corporation: Revenue of $8.9 billion, with a 5.8% gross margin.
• Arrow Electronics Inc.: Revenue of $6.5 billion, with a 12.7% gross margin.
• Avnet Inc.: Revenue of $4.6 billion, with a 13.7% gross margin.
• Flextronics International Ltd: Revenue of $6.0 billion, with a 6.8% gross margin.

Semiconductors

• Intel: Revenue of $14.8 billion, with a 61.6% gross margin.
• Texas Instruments: Revenue of $3.7 billion, with a 64.3% gross margin.
• TSMC: Revenue of $7.1 billion, with a 50.8% gross margin.
• Qualcomm Inc.: Revenue of $5.4 billion, with a 53.7% gross margin.

Consumer Electronics

• Apple Inc.: Revenue of $45.4 billion, with a 38.5% gross margin.
• Canon Inc.: Revenue of $8.9 billion, with a 49.9% gross margin.
• Sony Corp: Revenue of $16.6 billion, with a 40.0% gross margin.
• Philips: Revenue of $4.7 billion, with a 44.8% gross margin.

Communications

• Cisco Systems Inc.: Revenue of $12.1 billion, with a 62.2% gross margin.
• Nokia Corp: Revenue of $6.2 billion, with a 39.8% gross margin.
• LM Ericsson: Revenue of $5.7 billion, with a 27.9% gross margin.
• Motorola Solutions Inc.: Revenue of $1.5 billion, with a 46.1% gross margin.

Methodology

The report analyzed a selection of the largest technology companies in the S&P 500 index and large international technology companies that regularly report financial results. Financial data for companies with non-calendar years or quarters was adjusted to the nearest calendar year or quarter for consistency.

Disclaimer

The data is sourced from third-party reports and has not been independently verified or audited by PricewaterhouseCoopers. The firm disclaims any liability for inaccuracies, errors, or omissions in the report.