Aberdeen tracks quarterly financial data for a benchmark group of the 20 largest publicly traded IT suppliers. This group consists of hardware, software and/or IT services companies. The results for Q4 2002 performance, gathered as of February 25, reveal the following:
It is important to note that quarterly revenues follow a seasonal pattern and that the increase from Q3 to Q4 is in line with previous years. When looking at results for year-over-year revenues, Aberdeen discovered that a more interesting and significant result emerges (Figure 1). Q3 of 2001 saw the bottom of the IT crater with 12.3 percent growth. A small increase of 1.2 percent in overall revenues is a positive sign and in line with a tepid recovery. Aberdeen attributes this result to the fact that, barring a significant surge in GDP and capital spending, IT suppliers’ revenues will not see a significant uptick. Aberdeen points to the significant price compression that is a hallmark of the current IT industry as one of the chief drivers of this trend.
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