Amazon, Google, and Microsoft seeing great financial results for Q3 2015
Amazon, Google Alphabet, and Microsoft have all released their respective financial figures for Q3 2015 and results are promising. While the shopping giant and search giant saw revenue growth from $20.579 billion to $25.358 billion and $16.523 billion to $18.765 billion, respectively, Microsoft is down from $23.201 billion to $20.379 billion YoY.
The 12.2 percent revenue fall (GAAP) also saw an operating profit decline of 0.88 percent from $5.844 billion to $5.793 billion. Thanks to massive cost reductions and layoffs, Microsoft was able to obtain a slightly higher net profit of $4.62 billion compared to 4.54 billion in 2014.
As for Google, parent company Alphabet announced even better results. Revenue increased by 13 percent and Google itself made an operating profit of $4.708 billion compared to $3.348 billion in Q3 2014 for a net increase of 45.3 percent.
It's not doom and gloom for Microsoft as shares today have reached their 15-year high due to stronger-than-expected earnings and the positive reception to the Surface Pro 4, Surface Book, and the two new Lumia flagship devices. The good news is in stark contrast to the notebook and PC market as a whole, which has been experiencing declining sales all year.
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