Mohan, I don't see any bad news in those numbers. Remember, they are relative to total revenues, and thus must add to 100%. All that those numbers indicate is that growth is fastest in the Americas, and slowest in Asia, but not by much. In fact, it presents a fairly balanced growth picture.
Maybe it would be best to look at growth by region, rather than the composition of the sales. Let me give you an example. Last quarter Revenues from Europe were .26*$3,920MM or 1,019.2MM. This quarter they are .25*$4,331MM or $1,082.6MM. Now that represents a 6.2% sequential rise. If you were to annualize that number you would find a 27.3% growth. Compared to where we were last year when revenues were $619.1MM, we have seen 74.8% growth for the year in Europe.
Now I'd bet that there is a strong season purchasing pattern in Europe, where quarters with July and August sales lag the rest of the year, so I wouldn't make too much of slower growth based on one quarter.
I think you can once again reassume reassume your excessive exuberance mode!
TTFN,
CTC |
