Wall Street breathed a sigh of relief. While an economic cocktail of inflation, rising interest rates, a rising dollar, component shortages and supply chain woes does not bode well for the bottom lines of tech giants, Microsoft and Google have calmed markets. Although their annual growth is slowing and they are aware of the challenges, the two American groups have shown that they remain strong in their core businesses: the cloud and advertising in search engines. Thus, Google shows a turnover of 69.7 billion dollars, 13% more, while Microsoft. recorded an income of 51.9 billion dollars (+ 12%). However, the net profit of the former decreased by 13%, while the net profit of the latter increased by only 2%.
Google has thus reminded that the nature of its advertising activity has little to do with the social networks Snapchat and Twitter, which last week revealed…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.