12 things to know about Big Tech's latest quarter earnings

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Alphabet, Amazon, Apple and Microsoft recently unveiled the earnings from their most recent quarter and gave a glimpse into where the companies are investing moving forward.

1. Alphabet, Google's parent company, reported a net income of $18.9 billion in the third quarter of 2021, up from $11.2 billion in the third quarter of 2020, according to an Oct. 26 news release

2. Google services raked in $59.9 million in the third quarter, which includes YouTube, Google Search and Google Maps. Google Cloud raked in $5 million in the same time frame from enterprise clients.

3. The company grew from 132,121 employees in 2020 to 150,028 in 2021.

4. Amazon's net income decreased to $3.2 billion in the third quarter, down from $6.3 billion in the third quarter of 2020, according to an Oct. 28 news release. Amazon attributed decreases in income to the fact it is investing across its business. The company also cited rising labor costs and global shipping costs as causes for shrinking income levels.

5. Amazon's investments are expected to create long-term growth, the release said. In the third quarter, the company unveiled three expansions to Halo Health metrics, including Halo Fitness, which aims to give users access to hundreds of workout classes, and Halo Nutrition, which is designed to help users build healthy eating habits. 

6. Amazon Web Services is committing $40 million in technical expertise and credits over three years to help organizations' health equity efforts.

7. Apple reported $83.4 billion in revenue for its fourth quarter of 2021, up 29 percent year over year, according to an Oct. 28 news release. Apple's net income was $20.5 million for the quarter compared with $12.7 million for the same quarter in 2020.

8. The company's iPhones are its biggest income driver, bringing in $192 million in the last 12 months. The company also brought in $38.4 million from wearables, home and accessories and $68.4 million from services in the last 12 months.

9. "Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment," said Luca Maestri, CFO of Apple. "The combination of our record sales performance, unmatched customer loyalty and strength of our ecosystem drove our active installed base of devices to a new all-time high."

10. The tech company reported $45.3 billion in revenue in the first quarter of fiscal year 2022, a 22 percent increase to the same quarter last year, according to an Oct. 26 news release. Microsoft's net income was $20.5 billion and increased 48 percent in the last year.

11. "We delivered a strong start to the fiscal year with our Microsoft Cloud generating $20.7 billion in revenue for the quarter, up 36 percent year over year," said Amy Hood, executive vice president and CFO of Microsoft.

12. Microsoft's earnings crowned it the most valuable company in the world, surpassing former position holder Apple, CNBC reported Oct. 29.

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