This quarterly global snapshot of activity in the technology sector highlights trends, business challenges and opportunities. In this edition we review the third calendar quarter of 2015.
The technology sector posted year-over-year growth of 1.3% and quarter-over-quarter growth of 0.7% in the third quarter of 2015. Even with several subsectors posting strong results, volatile currency movements significantly impacted overall results.
Services continued to remain the growth driver for tech companies as worldwide PC shipments again saw a pull-back. High profile security issues plagued the Internet subsector, while in the semiconductor space, a major deal was struck to eliminate tariffs on next-generation semiconductors. In general, transformational activities continued, with spin-offs, division sales, acquisitions and restructuring seen across all sectors.
Economically the quarter was marked by continued worries in all major markets, creating uncertainty that resulted in high market volatility. The VIX Index ranged from 16.09 at the start of the quarter to 24.50 at the quarter close.
For all the details, download the full document below.