Broadcom Inc and Zoom Video Communication Inc earnings expected

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UK tech sector corporate earnings are subdued in the shortened week while in the US, a number of notable tech companies are reporting, despite earnings in general being relatively quiet. Tech names reporting across the pond include Broadcom, Zoom, Crowdstrike and DocuSign.

The week ahead

In the UK, Deep Matter Group PLC (LON: DMTR) reported December year-end finals this morning and (LON: ACT) announced interim results while (LON: CNIC) and (LON: IMMO) released trading updates. Meanwhile, discoverIE Group PLC (LON: DSCV) reports its March-year end finals on Thursday.

discoverIE, which designs, manufactures and supplies customised electronics for industry, said in its year-end trading update in April that trading momentum in the final two months of the year had continued to strengthen and the board expected underlying earnings for the full year to be above the upper end of market expectations. discoverIE said that group orders had increased by 17{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} organically in the last two months with double-digit growth in both of its divisions. This growth built on the 10{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} organic growth of the preceding four months and resulted in 12{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} organic growth for the second half. Orders in the second half were 40{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} ahead of the first half with a book to bill ratio of 1.19. Overall, group orders were 2{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower organically for the full year and ahead of sales.

Group sales in the second half were 9{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} ahead of the first half with a return to organic growth of 1{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} in the last two months of the year. Organically, second-half sales were 3{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower. As a result, group sales for the full year were 3{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower, and organically 6{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower, being 4{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower in the group’s Design & Manufacturing division and 8{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} lower in Custom Supply. There was a stronger performance in the key target markets which comprise renewable energy, medical, electrification of transportation and industrial & connectivity – these markets now account for over 70{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} of group sales. discoverIE acquired Phoenix America for US$11.0mln in October 2020 and completed the acquisition of Limitor GmbH in February 2021 for €14.5mln.

Across the pond, the key, tech-related companies expected to report this week include Hewlett Packard Enterprise, Zoom Video Communications, , Semtech, DocuSign, Guidewire Software, Splunk, Smartsheet, NetApp, nCino, Broadcom, , Crowdstrike, Sumo Logic, Slack and PagerDuty.

Date	Company	Event	Period ending
01-Jun	CentralNic	Q1 trading	31-Mar
01-Jun	Deep Matter	Final results	31-Dec
01-Jun	Actual Experience	Interim results	31-Mar
03-Jun	discoverIE	Final results	31-Mar
Early June	Trackwise	Final results	31-Mar
Week of 14/6	SEEEN	Final results	31-Dec
15-Jun	CML Microsystems	Final results	31-Mar
15-Jun		Final results	31-Mar
15-Jun	IDOX	Interim results	30-Apr
15-Jun	Kin + Carta	Virtual capital markets day
17-Jun	Tribal	Virtual capital markets day
17-Jun	Blue Prism	Interim results	30-Apr
21-Jun	Sysgroup	Final results	31-Mar
24-Jun	Alpha FMC	Final results	31-Mar
24-Jun	Redcentric	Final results	31-Mar
29-Jun	D4T4	Final results	31-Mar
30-Jun	Immotion	AGM trading update
June	Osirium	Final results	31-Dec
June	Iomart	Final results	31-Mar
June	Intercede	Final results	31-Mar
June	Napster	Final results	31-Mar
June	Eckoh	Final results	31-Mar
01-Jul	Micro Focus	Interim results	30-Apr
01-Jul	AVEVA	Virtual capital markets day
05-Jul	Panoply	Final results	31-Mar
06-Jul	Ocado	Interim results	31-May
08-Jul	Bango	Onsite capital markets day
Early July	AdEPT Technology	Final results	31-Mar
Early July	Quartix	Trading update	30-Jun
13-Jul		Final results	31-Mar
Approx 22/7	Ideagen	Final results	30-Apr
28-Jul	FDM	Interim results	30-Jun
29-Jul	SRT Marine	Final results	31-Mar
July	Access Intelligence	Interim results	31-May
July	Shearwater	Final results	31-Mar
July H2	OTAQ	Final results	31-Mar
Late summer	GRC	Final results	31-Mar