Culpepper Reports Encouraging Second Quarter Results for the High-Tech Industry

For the fourth consecutive quarter, the software sector posted improved financial results. Other sectors of the high-tech industry, including hardware, semiconductor, and IT services, also show signs that the bottom is behind.

(PRWEB) August 20, 2003 -- For the fourth consecutive quarter, the software sector posted improved financial results. Other sectors of the high-tech industry, including hardware, semiconductor, and IT services, also show signs that the bottom is behind, according to a recent study conducted by Culpepper and Associates.

All four sectors are growing revenue and generating cash. Only the semiconductor companies have negative net income. The IT services companies lead the pack, growing revenues by 3.6% over Q1 and producing a respectable 11.8% cash income.

It would be great to report revenue and profit gains that parallel the impressive gains of the NASDAQ index. Unfortunately, actual results have not yet caught up with Wall Street's expectations. The signs are encouraging, nonetheless. With many positive signs now in the economy, Culpepper and Associates believes the improved Q2 results are only a hint of the far better times ahead.

About Culpepper:
Culpepper and Associates provides compensation survey and financial benchmarks to high-tech industry executives. Founded in 1979, we focus exclusively on the needs of software, IT services, hardware, semiconductor, electronics, and telecom companies. For more information, visit www.culpepper.com.