Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.
How did they do?
Well, pretty good, with Total 2012 Annual Non-GAAP Adjusted After-tax Net Income of $183.8 bil, up a robust 13% over 2011.
The huge earnings growth below of 61% for Apple is on a FYE September basis. Its quarterly earnings growth has decelerated markedly, and on a calendar year basis, Apple's annual earnings growth drops dramatically to 27%.
If these 33 Technology Corps Total Annual Earnings are adjusted to reflect Apple's earnings on a calendar year basis, then the Total Technology Corps Earnings Growth drops from 13% to 9%.
Below here are these annual earnings of these 33 Technology Corps for both 2012 and 2011:
| Annual | Annual | ||||
| 2012 | 2011 | ||||
| Non-GAAP | Non-GAAP | ||||
| Adjusted | Adjusted | Increase | Increase | ||
| Net | Net | (Decrease) | (Decrease) | ||
| Company | FYE | Income | Income | Amount | % |
| mils of $s | mils of $s | mils of $s | |||
| Technology | |||||
| Apple | Sep | 41,733 | 25,922 | 15,811 | 61% |
| Microsoft | Jun | 23,681 | 22,720 | 961 | 4% |
| IBM | Dec | 17,627 | 16,318 | 1,309 | 8% |
| Dec | 13,302 | 11,798 | 1,504 | 13% | |
| Oracle | May | 12,521 | 11,395 | 1,126 | 10% |
| Intel | Dec | 11,580 | 13,524 | (1,944) | -14% |
| Cisco Systems | Jul | 10,017 | 9,033 | 984 | 11% |
| Hewlett Packard | Oct | 8,035 | 10,379 | (2,344) | -23% |
| Qualcomm | Sep | 6,463 | 5,407 | 1,056 | 20% |
| EMC | Dec | 3,759 | 3,381 | 378 | 11% |
| Ebay | Dec | 3,100 | 2,667 | 433 | 16% |
| Dell | Jan | 3,017 | 3,952 | (935) | -24% |
| Seagate Technology | Jun | 2,977 | 578 | 2,399 | 415% |
| Accenture | Aug | 2,791 | 2,521 | 270 | 11% |
| Western Digital | Jun | 2,109 | 770 | 1,339 | 174% |
| Thermo Fisher Scientific | Dec | 1,810 | 1,601 | 209 | 13% |
| Broadcom | Dec | 1,760 | 1,694 | 66 | 4% |
| Texas Instruments | Dec | 1,759 | 2,236 | (477) | -21% |
| Priceline.com | Dec | 1,612 | 1,209 | 403 | 33% |
| Yahoo | Dec | 1,407 | 1,040 | 367 | 35% |
| Xerox | Dec | 1,398 | 1,563 | (165) | -11% |
| Automatic Data Processing | Jun | 1,389 | 1,254 | 135 | 11% |
| Activision Blizzard | Dec | 1,350 | 1,087 | 263 | 24% |
| Dec | 1,317 | 1,164 | 153 | 13% | |
| VMWare | Dec | 1,236 | 936 | 300 | 32% |
| Symantec | Mar | 1,201 | 1,119 | 82 | 7% |
| Adobe Systems | Nov | 1,183 | 1,183 | 0 | 0% |
| Cognizant Technology Solutions | Dec | 1,132 | 953 | 179 | 19% |
| CA Technologies | Mar | 1,117 | 984 | 133 | 14% |
| Agilent Technologies | Oct | 1,100 | 1,045 | 55 | 5% |
| Applied Materials | Oct | 960 | 1,723 | (763) | -44% |
| Sandisk | Dec | 582 | 1,138 | (556) | -49% |
| Micron Technology | Aug | (1,032) | 167 | (1,199) | -718% |
| Total all 33 | 183,993 | 162,461 | 21,532 | 13% |
