Saturday, July 25, 2020

San Francisco Bay/Silicon Valley Technology Companies Audited Annual Pretax Earnings Growth Averaged a Blistering 38.2% Per Year During the 8 Years (2009-2016) of the Barack Obama/Joe Biden Presidential Administration

From a review of SEC filings and Google Finance, there were 62 San Francisco Bay/Silicon Valley Technology Companies with stock market caps recently of above $1 bil and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Fiscal Years from 2008-2019).  Technology Companies enacting Company Separations which caused  lack of earnings comparability were excluded below.

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 62 Technology Companies for fiscal year end 2016, the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.


Annual Audited Audited %
Audited Pretax Pretax Change
Financial Income Income During
San Francisco / Silicon Valley, CA Area Sts (Loss) (Loss) Obama-
Technology Companies City State 2016 FYE FYE Biden's
Stock Market Caps Above $1 Bil HQs HQs FYE 2016 2008 8 Years
 $ mils  $ mils
….. Software and Services 
Alphabet Mountain View CA Dec 16           24,150             5,854 313%
Facebook Menlo Park CA Dec 16           12,518                (56) 22454%
Oracle Redwood City CA May 17           11,517             7,834 47%
Visa San Francisco CA Sep 16             8,012             1,336 500%
VMware Palo Alto CA Jan 17             1,473                319 362%
Adobe San Jose CA Nov 16             1,435             1,079 33%
Electronic Arts Redwood City CA Mar 17             1,210              (855) 242%
Intuit Mountain View CA July 16             1,203                698 72%
Check Point Software San Carlos CA Dec 16                897                386 132%
Synopsys Mountain View CA Oct 16                330                219 51%
Netflix Los Gatos CA Dec 16                261                132 98%
Cadence Design Systems San Jose CA Dec 16                237           (1,602) 115%
Salesforce.com San Francisco CA Jan 17                179                  86 108%
Fair Isaac Corp San Jose CA Sep 16                145                113 28%
Qualys Inc Foster City CA Dec 16                  30                  (1) 3100%
Guideware Software Foster City CA July 16                  21                (17) -224%
LiveRamp Holdings San Francisco CA Mar 17                    9                  62 -85%
Yelp Inc San Francisco CA Dec 16                  (3)                  (6) 50%
8X8 Inc San Jose CA Mar 17                  (5)                  (2) -150%
Calix San Jose CA Dec 16                (27)                (13) -108%
Chegg Inc Santa Clara CA Dec 16                (41)                  (3) -126%
Glu Mobile San Francisco CA Dec 16                (88)              (104) 15%
Proofpoint Sunnyvale CA Dec 16              (110)                (26) -323%
Symantec  / NortonLifeLock Mountain View / Tempe, AZ CA Mar 17              (262)           (6,454) 96%
Splunk San Francisco CA Jan 17              (350)                (15) -2233%
Workday Pleasanton CA Jan 17              (409)                (51) -702%
ServiceNow Santa Clara CA Dec 16              (450)                  (6) -7400%
Autodesk San Rafael CA Jan 17              (500)                253 -298%
Total all 28 Software and Services Cos           61,382             9,160 570%
..... Apple Cupertino CA Sep 16           61,372             6,805 802%
….. Semiconductors
Intel Santa Clara CA Dec 16           12,936             7,686 68%
Applied Materials Santa Clara CA Oct 16             2,013             1,409 43%
NVIDIA Corp Santa Clara CA Jan 17             1,905                (43) 4530%
Xilinx San Jose CA Mar 17                691                498 39%
Maxim Integrated Products San Jose CA Jun 16                285                483 -41%
Marvell Technology Group Santa Clara CA Jan 17                117                171 -32%
Synaptics Inc San Jose CA Jun 16                  76                  49 55%
Ambarella Santa Clara CA Jan 17                  61                  (3) 2133%
Monolithic Power Systems San Jose CA Dec 16                  57                  25 128%
Power Integrations Inc San Jose CA Dec 16                  49                  11 345%
Mellanox Technologies Ltd Sunnyvale CA Dec 16                  24                  25 -4%
Rambus Inc Sunnyvale CA Dec 16                  23                (72) 132%
Inphi Corp Sunnyvale CA Dec 16                  11                  (3) 467%
Viavi Solutions Inc Milpitas CA Jun 16                (46)                (19) -142%
FormFactor Livermore CA Dec 16                (50)              (125) 60%
Enphase Energy Freemont CA Dec 16                (66)                (15) -340%
Advanced Micro Devices Sunnyvale CA Dec 16              (448)           (2,260) 80%
SunPower San Jose CA Dec 16              (565)                148 -482%
Cypress Semiconductor San Jose CA Dec 16              (667)              (455) 47%
Broadcom Inc San Jose CA Oct 16           (1,107)                  60 -1945%
Total all 20 Semiconductor Cos           15,299             7,570 102%
….. Other Technology Manufacturing Cos
Cisco Systems San Jose CA July 16           12,920           10,255 26%
Lam Research Fremont CA Jun 16                960                577 66%
KLA-Tencor Milpitas CA Jun 16                858                560 53%
Juniper Networks Sunnyvale CA Dec 16                827                729 13%
NetApp Sunnyvale CA Apr 17                665                  45 1378%
Seagate Technology Cupertino CA Jun 16                274             1,329 -79%
Logitech Intl SA Newark CA Mar 17                215                127 69%
Western Digital San Jose CA Jun 16                153                981 -84%
Coherent Inc Santa Clara CA Sep 16                123                  37 232%
Super Micro Computer San Jose CA Jun 16                107                  41 161%
Fortinet Sunnyvale CA Dec 16                  43                    9 378%
Omnicell Inc Mountain View CA Dec 16                  (2)                  21 -110%
Palo Alto Networks Santa Clara CA July 16              (205)                (16) -1181%
Total all 13 Other Technology Manufacturing Cos           16,938           14,695 15%
Total all 62 Technology Companies         154,991           38,230 305%
Average Annual % Increase During the 8 Years of Obama/Biden 38.2%