Want to earn $1000 in a day without any effort? Click Here to know more Catch up: Google’s and Microsoft’s profits soar as pandemic benefits Big Tech. - US Today Life

Catch up: Google’s and Microsoft’s profits soar as pandemic benefits Big Tech.


Credit score…Hiroko Masuike/The New York Occasions

  • Google’s father or mother firm, Alphabet, stated on Tuesday that it posted revenue of $55.31 billion within the first three months of the yr, up 34 p.c from a yr earlier, and web revenue greater than doubled to $17.93 billion within the first quarter. It was the third straight quarter of file revenue for the corporate. Promoting income rose 32 p.c within the quarter spurred by robust demand for search advertising and marketing. Alphabet additionally generated $6 billion in YouTube adverts, a rise of 49 p.c.

  • Microsoft on Tuesday reported that its quarterly sales grew at one of its strongest rates in years, as the corporate was poised to cross $2 trillion in market worth. Income rose to $41.7 billion for the fiscal third quarter, up 19 p.c from a yr earlier, its greatest quarterly improve since 2018. Earnings jumped 44 p.c to $15.5 billion. Gaming income grew 50 p.c, fueled by spending on the brand new Xbox gaming console, which was launched late final yr, in addition to on Xbox content material and companies.

  • The espresso big Starbucks stated that its sales in the United States made a “full recovery” within the first three months of the yr. Similar-store gross sales within the U.S. climbed 9 p.c within the firm’s second quarter in contrast with the identical interval final yr, whereas world revenues climbed 11 p.c to $6.7 billion. Starbucks made a revenue of $659 million within the quarter.



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