CQ3 Tech Revenue: Up 15% Y/Y, 1% Q/Q in Seasonally Slow Quarter

386 companies (93% of our Technology Universe) have reported CQ3:04 revenue
CQ3 revenue increased 15% Y/Y for these companies. This is in line with a 15% Y/Y revenue increase in CQ2:04 but above 6% Y/Y growth a year ago. Mean CQ3 Y/Y revenue growth is 12% over the past ten years. Sequentially, CQ3 revenue rose 1% Q/Q in-line with 1% Q/Q growth over the past ten years.

Q/Q revenue growth accelerated in one of seven technology industry groups, decelerated in four and stayed the same in two
Enterprise Systems & PC Hardware, up 10% Y/Y vs. 10% in CQ2:04
Enterprise Software, up 12% Y/Y vs. 12% in CQ2:04
Computer Services & IT Consulting, up 12% Y/Y vs. 14% in CQ2:04
Internet & PC Applications Software, up 15% Y/Y vs. 17% in CQ2:04
EMS/Distributors/Components, up 17% vs. 23% in CQ2:04
Wireline/Wireless Networking Equipment, up 21% Y/Y vs. 10% in CQ2:04
Semiconductors, up 27% Y/Y vs. 37% in CQ2:04

Technology Revenue Trends Report - CQ3:04 Update (15 pages)