Apple reported record revenues of US$20.34 billion and a net quarterly profit of $4.31 billion for its fiscal fourth quarter that ended Sept. 25. This marks a 67% increase when compared to last year’s revenue of $12.21 billion for the same period. The record revenue and earnings also reflect record Mac sales, as well as iPhone and iPad sales. Apple sold 3.89 million Macs in the fourth quarter, a 27% increase over the year-ago quarter. In addition, the company sold 14.1 million iPhones, representing 91% unit growth when compared to Q4 2009. Apple also sold 4.19 million iPads during the fourth quarter. However, with 9.05 million iPods sold, Apple saw an 11% decline in unit sales this quarter compared to the year-ago quarter.
IBM reported total revenues of US$24.3 billion for its third quarter 2010, a 3% increase from the same period last year. IBM’s net income for the quarter was $3.6 billion, representing a 12% increase from $3.2 billion earned in the same quarter last year. The company attributes the growth to good performance in its hardware, software and services businesses. IBM’s services performed the best with Total Global Services revenues increasing 2%. Its Global Services Technology segment revenues increased 1%, and Global Business Services segment revenues were up 5% at $4.6 billion.
Informatica, a provider of data integration software, reported all-time record quarterly revenues of US$161.3 million in its fiscal third quarter ending Sept. 30, growing 31% year over year. Informatica also reported record third-quarter license revenues of $69.8 million, representing a 40% increase from $50 million the same time last year.
Coverity reported record growth at the end of its fiscal year, achieving 94% fourth-quarter bookings growth over the same quarter last year and 32% year-over-year revenue growth. The company also exceeded 1,000 customers as a result of rapid adoption of its software integrity products, said Seth Hallem, Coverity’s CEO and founder.
Software AG reported that U.S. sales from its business process excellence divisions delivered 60% of its total revenue for its fiscal third quarter 2010. The company’s total revenue was up 29% to US$382.6 million. Its net profit was up 20% to $63.4 million compared to the same time last year. Meanwhile, the company acquired Data Foundations for its process-driven Master Data Management software. Software AG chose the New Jersey-based company to extend its webMethods product portfolios to enable customers to integrate MDM into process execution and integration. “MDM will enable customers to identify and define key process master data requirements during the process modeling phase…[and] ensure business ownership of master data, and create a key foundation for strategic business process optimization,” the company said. Terms of the deal were not disclosed.
Investors Kamran Pourzanjani and Omid Rahmat acquired consultancy and Internet and mobile development company ELC Technologies. Rahmat, former CEO of technology Internet publication Tom’s Hardware, was named CEO and will lead its strategic direction as the company seeks to expand its position in the Web and mobile application markets, a company statement said. Serial entrepreneur Jonathan Siegel founded ELC, but accepted a venture partner position in London; he will continue to play an advisory role to ELC, the company said.