How 'big tech' fared last quarter: Earnings from Amazon, Google, Apple & more

The "big five" tech companies — Alphabet, Amazon, Apple, Facebook and Microsoft — brought in significant earnings last quarter, though not all met their revenue targets.

Here's how the businesses fared, with companies listed in alphabetical order:

Alphabet posted $39.3 billion in revenue for the fourth quarter of its 2018 fiscal year, up 22 percent from one year prior. The company's main subsidiary, Google, accounted for the vast majority of its quarterly revenue (99.6 percent) at $39.1 billion.

Amazon reported $72.4 billion in net sales for the fourth quarter of its 2018 fiscal year, a 20 percent rise from one year prior. Product sales accounted for most of Amazon's quarterly earnings at $44.7 billion, with CEO Jeff Bezos crediting the company's voice assistant, Alexa, for driving this segment.

Apple posted $84.3 billion in revenue for the first quarter of its 2019 fiscal year, down 5 percent from one year prior — marking the company's first revenue decline during a holiday season in more than 10 years. Apple CEO Tim Cook attributed some of the company's revenue decline to dwindling iPhone sales.

Facebook reported $16.9 billion in revenue for the fourth quarter of its 2018 fiscal year, up 30 percent from the company's 2017 fourth quarter. Mobile advertising revenue accounted for the majority of the social network's advertising revenue for the quarter (93 percent), up from 89 percent the previous year.

Microsoft posted $32.5 billion in revenue for the second quarter of its 2019 fiscal year, up 12 percent from the same period in 2018. Microsoft attributed its second-quarter growth to the company's cloud segment, and reported 76 percent growth in Azure, its cloud service.

More articles on health IT:
Amazon's net sales up 31% in 2018: 5 notes
InTouch Health ranks as No. 1 virtual care platform on this year's 'Best in KLAS'
Former ONC chief Dr. Karen DeSalvo to advise digital health investment firm: 4 notes

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months