Evaluation of Income Statement

As an IT manager, it is imperative to know how well the company you work for is performing overall. This is especially important in order to ensure that the IT operations deliver on supporting the organizational vision and business strategy. Therefore, students will evaluate the factors involved in making the IT department a profit center, especially considering the market’s current focus on analytics.
First, conduct research to acquire the income statements (also referred to as profit and loss or P&L statements) of any two organizations that have a prominent IT department. Many examples of such organizations are highly publicized and can be located with a general online search for the list of “Fortune 500 companies.” You may also utilize the income statements from your own company or a company where you have previously worked. If you decide to include the latter, please use anonymous references for your proposal submission and not include the name of the company.
(Companies we are going to use are Apple and Adobe – the links to the P & L statements are below)
Once the income statements for the two organizations with a prominent IT department have been identified, complete a 250-500 word review with the following components:
1. An analysis of the profitability of the company over various periods of time: monthly, quarterly, or annually. Include a description of the overall areas of success (profits) and any challenging areas (losses).
2. A narrative description of the impact of the P&L on the IT department. Include the specific or potential factors involved in each organization’s ability to generate revenue involving IT.
3. A description of the potential methods for reducing IT expenses.
Prepare this assignment according to guidelines if APA Version 7

IT Profit and loss statements to use and sources
Adobe INC
https://finance.yahoo.com/quote/adbe/financials/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAC5xVottGg6joLWKahzSRPSaHKkJ29IUjWwzty8PZjxHbMeQaUvyQvMpemSVq20MfNftz5Zb70Vt6RbfyzJfp1VzpKi5ciUVLOPFSwocrxUQApjumsYHq8dUuEHxhEKupp7MSj6kfMY83KXtXtX-lTOkXC3ev17bAuogZ8F2ML1i

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Apple INC
https://finance.yahoo.com/quote/AAPL/financials/

Source for paper
Read “Understanding Profit and Loss Reports,” located on the Business Queensland website (2016).
URL:
https://www.business.qld.gov.au/running-business/finances-cash-flow/managing-money/financial-statements-forecasts/profit-loss-reports

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