In last night's second-quarter report, TI showed us good numbers and an optimistic outlook. Revenue came in at $2.46 billion -- 27% below the year-ago period but up 18% quarter over quarter. $0.20 of earnings per share represented a 55% annual drop but was a clear improvement over the measly penny per share seen last quarter. Importantly, operating cash flow ticked up 7% over last year, showing that TI still has muscle where it really counts.
And it all adds up to daybreak in Texas. Intel
"We understand that uncertainty continues in the in-demand environment and we will keep our operations flexible to respond to changing customer needs," said CEO Rich Templeton. Apple
TI needs to stay on its toes in order to adapt to these rapidly changing market conditions, so the asset-light manufacturing strategy makes a lot of sense today. No wonder that the likes of Advanced Micro Devices
For the tech market meteorologists out there, we have a slew of important bellwether reports coming up in the next few days, including Microsoft
Further macroeconomic Foolishness:
Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings or a concise bio if you like, and The Motley Fool is investors writing for investors.
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