The largest technology companies of the United States increased their profits in the first three months of the year.
Looking at the latest financial reports announced by the global technology companies there seen a slope going upward in the gains of these companies. Google’s umbrella company Alphabet, e-commerce and cloud technology company Amazon, software and information Technology Company Microsoft, chip maker Intel‘s profits rose, comparing with the technology giants’ first quarterly balance sheet figures released in 2016.
Alphabet‘s one-year profit rose 28 percent and 5.4 billion dollars. The most important factor in enhancing the company’s profit was said to be the increase in advertising revenue via YouTube video service and mobile phones.
Amazon‘s annual profit rose by 40 percent and reached 724 million dollars. The reason for such a huge increase in the growth rate of Amazon is attributed to the rising interest of the costumers to the internet services called Amazon Prime that come with the special subscription system. The company also points out the expansion of its international services with the increase in the services in countries such as India, Mexico and the United Kingdom. It is obvious that cloud technology attracts interest.
Microsoft’s one-year profit rose 28 percent. They emphasized that the rise in the profits is directly related with increasing interest for Azure‘s products that provide cloud technology. LinkedIn, the professional social network which was bought by Microsoft last June, contributed 975 million dollars to the company’s revenue.
Chip producer Intel’s profit increased by 45 percent in the first quarter of 2017. The factor that allowed the company to grow was said to be the new memory technology Intel.