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July 29, 2015

Top 10 IoT performers of Q2

From Apple to Intel, these companies have registered all together $267.2 billion in revenues between April and June.

By Joao Lima

As the IoT race speeds up, companies’ cash thermometers have all been shaken by the smart economy.

CBR compiles a list of the ten main IoT players that have released their Q2 results by percentage of revenue change compared to Q2 2014.

1. Apple

Revenue: $58bn
Revenue change: +27%

Apple posted Q2 revenues of $58 billion and quarterly net profit of $13.6 billion, contrasting with last year’s results of $45.6 billion and $10.2 billion respectively.

Apple sold 47.5 million iPhones, down from what analysts predicted to be 48.8 million. Apple’s Q2 iPhone sales were up 35% year over year (yoy).

Cupertino did not disclose information about its latest IoT wearable, the iWatch launched on April 9, but the category "Other" in the report shows a revenue growth of 184% yoy. Apple CEO Tim Cook said that the watch represents "more than 100%" of this figure.

In June, the company launched the Smart HomeKit to bring all smart home devices together under one smart ecosystem. Apple also launched a series of solutions for the home, including the SmartPlug that allows users to control lights, fans and other devices by using Siri.

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2. Amazon

Revenue: $23.2bn
Revenue change: +20%

Amazon had a better-than-expected Q2, with revenues going up 20% to $23.2 billion. The firm reported a $92m profit, compared to a $126m loss in Q2 2014. AWS unit soared 81% to $1.8bn, compared to $1bn in the year-ago period.

During this quarter, the company’s Echo device, a smart home automation solution that acts upon users’ voice commands, become well known within the IoT industry.

In May, Amazon partnered with Citrix for the launch of the Octoblu IoT platform, a combination of cloud-hosted software and hardware to help manage M2M interfacing between devices, with built-in sensors and wireless connectivity.

3. SAP

Revenue: $5.5bn
Revenue change: +19.7%

SAP reported an operating profit of $774 million with earnings of $0.43 per share, an increase of nearly 1% from $772 million a year ago.

During Q2, the company launched the SAP HANA Cloud Platform (HCP) for the IoT providing the infrastructure to enable businesses to securely tap into a network of millions of connected devices. In May, SAP also partnered with Siemens and Intel to make it easier for customers to adopt and manage IoT solutions.

Siemens is creating an open IT ecosystem for the creation of industrial and customer applications built in the cloud. Intel will help HCP users to complete their IoT network projects faster by giving SAP an opportunity to use its IoT portfolio.

4. Google

Revenue: $17.7bn
Revenue change: +11%

Google reported an increase of 11% in revenues, totalling $17.7 billion, up from 15.9 billion last year.

In an ever more connected world, Google spent in capital expenditures $2.5 billion, less from Q2 2014 when it invested $2.6 billion. The company said capital expenditures were primarily related to production equipment and data centre construction.

In June, Google launched the Brillo OS for the IoT, to help developers and manufacturers build connected devices. The company’s smart cars unit has also achieved new development stages, with cars now allowed to drive on public Californian roads.

5. TomTom

Revenue: $58bn
Revenue change: +5%

TomTom revealed a drop in net profit from $9.9 million to $3.3 million. Year on year sales revenues were 5% up from $278 million in Q2 2014 to $291 million this last quarter.

During this last quarter, the intelligent navigation and mapping company saw telematics pass the 500,000 subscribed vehicles mark.

The company also tested map data for Highly Automated Driving in Metro Detroit and signed a global agreement with Apple for maps and related information development.

It also launched the TomTom Bandit Action Camera and introduced the MyDrive portal and apps.

6. GE

Revenue: $32.8bn
Revenue change: +2%

General Electric reported a revenue growth of 2%, totalling $32.8 billion. The company’s revenues from its aviation unit were up 3% year over year to $6.2 billion mainly cause by new orders.

Transportation revenues increased 9% compared to Q2 2014 to $1.4 billion on higher locomotive shipments.

During this quarter, the firm partnered with Japanese Komatsu to build IoT analytics solutions for mining companies. In June, the company took part as a Gold Sponsor in Dubai’s first IoT Expo.

7. AT&T

Revenue: $33bn
Revenue change: +1.4%

AT&T results performed better than what had been forecasted, adding 2.1 million new wireless subscribers including one million connected cars.

The AT&T network had nearly 22 million IoT connected devices worldwide as of March 31, 2015. More than 945,000 smart devices connected during Q1 2015, a 70% increase compared to a year ago.

The company keeps pushing for the connected world with its solutions for asset monitoring, smart grids, connected cars, cities, homes and others. AT&T said that connects more than 1.9 million fleet vehicles and 283,500 refrigerated shipping containers and that has certified more than 2,200 types of connected devices in the last months.

8. PTC

Revenue: $314.1m
Revenue change: -4%

PTC reported revenue for the Q2 of FY’15 of $314.1 million. Net income was $5.4 million or $0.05 per share, which compares to revenue of $328.7 million and net income of $43.8 million or $0.36 per share in the second quarter FY’14.

The company’s IoT business area produced $9.4 million in revenues for Q2, an increase of 1886% compared to the $0.5 million cashed in Q2 2014.

The firm said it has added 62 new IoT customers during the quarter. In May, it announced it ithe acquisition of ColdLight, a big data machine learning and predictive analytics company, for approximately $105 million.

Also during its LiveWorx IoT Industry Conference in Boston, the company said it was expanding its cooperation with NTT DOCOMO to extend the use of the ThingWorx IoT Development Platform at DOCOMO in order to streamline use of cloud-based IoT platforms.

9. Intel

Revenue: $13.2bn
Revenue change: -5%

Intel’s Q2 results were better-than-expected with highlights going to the company’s $16.7 billion acquisition of Altera for data centre and IoT innovation.

The chipmaker reported a revenue decline of 5% to $13.2bn in Q2, compared to $13.83bn for the same period last year. The IoT arm’s revenue increased 3% to $559m.

Intel was strongly involved in the IoT arena, and in March the chipmaker partnered with Ericsson, Samsung, Alcatel-Lucent and Huawei to address demand for new services, improved network efficiencies and accelerate the move towards a software-defined infrastructure using Intel architecture.

It also introduced the Intel Atom x3 processor series designed for smart devices, opened an IoT lab in Israel in April and launched an IoT Challenge for smart developers in May.

10. HP

Revenue: $25.5bn
Revenue change: -7%

HP announced a Q2 net revenue of $25.5 billion, down 7% from the prior-year period ($27.3 billion) and down 2% on a constant currency basis.

With an IoT platform launched in February, software revenues for Q2 were down 8% yoy with a 17.9% operating margin, and enterprise services revenue was also down 16% yoy.

During HP Discover hosted in Las Vegas in June, the company revealed that it is looking into the connected car security industry. HP also introduced the term Internet of Your Things (IoYT) addressing users’ data ownership concerns, which the company believes should have full control of their data.

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