Google, Microsoft profit up in third quarter | Money is raining heavily on the world’s giant technology companies, Alphabet and Microsoft’s profits increased


Google, Microsoft profit up in third quarter

New Delhi. Due to the increasing dependence of the world on digital infrastructure due to the corona virus epidemic, giant technology companies are making huge profits. Microsoft Corp and Alphabet Inc., the world’s second and fourth-largest companies by market valuation, reported a record-high net profit in the third quarter.

Google Its parent company Alphabet’s profit grew 68 percent in the July-September 2021 quarter, driven by strong growth in revenue from digital advertising. Alphabet Inc., based in Mountain View, California, said on Tuesday it reported earnings of US$18.94 billion, or US$27.99 per share, in the third quarter (July-September). During this period, the company’s income increased by 41 percent to $ 65.12 billion.

Analysts in a FactSet poll had expected profit of US$23.73 per share on earnings of US$63.53 billion. According to eMarketer, Google accounts for 29 percent of the $455 billion digital advertising market globally, followed by Facebook. Google’s advertising business grew 43 percent to $53.13 billion. Ad revenue on YouTube also grew 43 percent to $7.21 billion, and the cloud-computing business also grew 45 percent to $4.99 billion.

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Microsoft’s profit up 24 percent

Microsoft’s profit jumped 24 per cent in the July-September quarter on the back of growth in the company’s cloud computing business. The company made a total profit of $17.2 billion, or $2.27 per share. Increased demand for software and cloud computing for remote work and study due to the pandemic has helped boost Microsoft’s profits. The company’s total revenue is $ 45.3 billion.

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Microsoft’s intelligent cloud segment, which includes server products and the Azure cloud computing platform, reported sales of $17 billion, up 31 percent over the previous year. Microsoft is competing with Amazon, Google and other cloud providers for large business and government contracts.

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World’s biggest tech companies and their market valuation

top global company

market cap Time taken to reach $1 trillion
Apple Inc. 2460 billion dollars 38 years
microsoft corp $2310 billion 33 years
Saudi Aramco 2000 billion dollars Not available
Alphabet Inc. 1840 billion dollars 16 years
Amazon.Com 1680 billion dollars 23 years
Tesla Inc. 1030 billion dollars 11 years
Facebook Inc. $927 billion

year 9

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