US Third Biggest Technology Corps 2012 Annual Earnings Down 9%

I found 26 US Technology Corps filing with the SEC with Annual Non-GAAP Adjusted After-tax Net Income of more than $200 mil but not more than $500 mil in either the annual fiscal year end (FYE) 2012 or 2011 and which have released their 2012 annual earnings.   For January 2013 FYE companies, I am including them with the 2012 annual earnings numbers below.

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, not so good, with Total 2012 Annual Non-GAAP Adjusted After-tax Net Income of $7.6 bil, down 9% from 2011.

This poor performance was pretty consistent with the 16% earnings decline in 2012 of the 24 Second Biggest Technology Corp.

On the other hand, the 32 top tier US Technology Corps with Non-GAAP Adjusted After-tax Net Income above $1 bil had their Total 2012 Annual Non-GAAP Adjusted After-tax Net Income increase by 14% over 2011.

This huge bifurcation in 2012 earnings between the top tier US Technology companies doing so well while the second and third top tier US Technology companies doing so poorly is not a good sign for the US economy.  You want these second and third top tier technology companies to be doing great too.....this is what will make the US economy thrive robustly in the long run.  A broad-based thriving Technology sector has always been the key competitive advantage of the US.

In these challenging times, taking wise steps to bolster the second, third and below tiers of the US Technology sector is what the US Congress should be working on, rather than on austerity, which does just the opposite.

Below here are these annual earnings of these 26 Third Biggest Technology Corps for both 2012 and 2011:

				Non-GAAP	Non-GAAP
		Annual	Annual	Adjusted	Adjusted
		2012	2011	Net	Net
		Non-GAAP	Non-GAAP	Income	Income
		Adjusted	Adjusted	Increase	Increase
		Net	Net	(Decrease)	(Decrease)
		Income	Income	Amount	%
Company	FYE	mils of $s	mils of $s	mils of $s
Technology
Roper Industries	Dec	494	427	67	15.7%
Teradata	Dec	489	399	90	22.6%
Amdocs Ltd	Sep	460	435	25	5.7%
Autodesk	Jan	450	405	45	11.1%
Expedia	Dec	439	385	54	14.0%
Cerner	Dec	421	325	96	29.5%
Microchip Technology	Mar	384	462	(78)	-16.9%
Skyworks Solutions	Sep	366	360	6	1.7%
Verisk Analytics	Dec	361	304	57	18.8%
F5 Networks	Sep	349	308	41	13.3%
Akamai Technologies	Dec	329	285	44	15.4%
VeriSign	Dec	322	249	73	29.3%
Synopsys	Oct	316	270	46	17.0%
Ingram Micro	Dec	306	244	62	25.4%
Electronics Arts	Mar	284	233	51	21.9%
Unisys	Dec	282	256	26	10.2%
Ansys	Dec	277	239	38	15.9%
Lexmark	Dec	244	367	(123)	-33.5%
FLIR Systems	Dec	225	223	2	0.9%
TripAdvisor	Dec	219	199	20	10.1%
ON Semiconductor	Dec	213	395	(182)	-46.1%
Tech Data	Jan	189	226	(37)	-16.4%
Atmel	Dec	145	438	(293)	-66.9%
Vishay Intertechnology	Dec	111	246	(135)	-54.9%
Netflix	Dec	17	226	(209)	-92.5%
AMD	Dec	-114	374	(488)	-130.5%
Total all 26		7,578	8,280	(702)	-8.5%