Motley Fool Money Big Tech, Huge Earnings
Apr 30, 2021
Tech giants like Alphabet, Amazon, and Apple are reporting record earnings, showcasing impressive growth in the digital advertising space and strong sales. Microsoft also sees its biggest revenue boost in three years. The discussion highlights the contrasting fortunes of companies like Shopify and Pinterest, revealing drops despite impressive revenue growth. Exciting developments in law enforcement technology are also on the radar, with Axon Enterprise gaining attention. Plus, analysts share insights on promising stocks like Skillz and venture into the nuances of market valuations.
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Big Tech Earnings
- Alphabet's Q1 revenue topped $55 billion, with profits exceeding expectations, and YouTube's revenue growth mirrors Netflix.
- Despite its size, Alphabet is investing $7 billion in US offices and data centers, creating 10,000+ jobs.
Amazon's Blowout Quarter
- Amazon's Q2 sales hit $108 billion, profits surpassed expectations, and Prime membership reached 200 million.
- AWS, now a $54 billion annual run rate, saw 32% growth, while ad sales grew by an impressive 77%.
Apple's Strong Growth
- Apple's Q1 sales surged 54%, leading to a record $89.6 billion in revenue, with double-digit growth across all product categories.
- The company announced a $90 billion stock buyback and increased its dividend, yet its share price remained flat.