In recent days, tech giants have presented their latest financial results, which have exceeded market expectations. Starting with Amazon, whose consolidated profit for the semester rose by 141% compared to the same period last year to 22.2 billion euros. Revenue exceeded 270 billion (+11%). The reports of the e-commerce giant founded by Jeff Bezos were driven mainly by its cloud business and commitment to artificial intelligence (AI).
Meta, the owner of Facebook, Instagram and WhatsApp, posted half-year profits of €23.6 billion, up 91%, while revenues increased 25% to €69 billion, largely due to advertising. In a statement, Mark Zuckerberg emphasized the importance of Meta AI, which will be “the world’s most used AI assistant by the end of the year.”
Alphabet, the owner of Google and YouTube, has also beaten all forecasts. It has already earned about 51.7 billion euros this year, up 41.6% from the same period last year. The main results of the company led by Sundar Pichai were cloud computing services and advertising.
Apple’s net profit for the nine months of the fiscal year (not according to the natural calendar) exceeded 73.3 billion euros (plus 7%) on revenue of 296.1 billion. Microsoft recorded a profit of 80.5 billion euros in the fiscal year (up 22%) and revenue of about 224 billion (up 15%).
Author: Sonia Diaz
Source: CM Jornal
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