Pulse: Chip Segment Leads IT Rebound

The semiconductor sector leads the way, with the highest growth rate of 10.3 percent over Q3 '03 and 17 percent year-over-year. For the first time since the third quarter of 2001, semiconductor companies are seeing an impressive 9.3 percent cash income as a percent of total revenue. The optimism spreads to the hardware, software and IT services segments, each enjoying noteworthy gains of 8.6 percent, 7.4 percent and 4.9 percent, respectively.

Our VARBusiness 500 quarterly survey concurs, reporting that the largest North American resellers are simultaneously experiencing the benefits of a healthier tech market. Nearly half of those surveyed (43 percent) reported their Q4 revenues were ahead of expectations. Almost two-thirds (62 percent) anticipated revenues for Q1 '04 to be higher than the previous quarter, as well. These results, together with planned increases in hiring, point toward positive, stronger tech industry for the rest of this fiscal year.

id
unit-1659132512259
type
Sponsored post