In the USA, the balance sheet statements of technology giants continue. Google’s parent company Alphabet and Microsoft beat expectations in third-quarter revenues.
One of the US technology companies, Microsoft, Google’s parent company Alphabet and Twitter announced that their revenues increased in the July-September period of this year.
Accepting the July-September period as the first quarter in its financial calendar, Microsoft announced its balance sheet. The company’s revenue increased by 22 percent in the July-September period compared to the same period of the previous year, reaching $45.3 billion. Microsoft had revenue of $37.2 billion in the July-September period of 2020. Thus, Microsoft’s revenue showed the fastest rise since 2018. The company’s net profit also rose 48 percent in the same period to $20.5 billion. The firm’s net profit was $13.9 billion in the same period last year. Microsoft’s earnings per share also rose from $1.82 to $2.71 during this period.
Record Profit From Alphabet
Google’s parent company, Alphabet, also shared its balance sheet for the third quarter of 2021. According to it, Alphabet’s revenue in the third quarter of the year increased by 41 percent compared to the same period last year, reaching $ 65.1 billion. The company announced $46.2 billion in revenue in the same period of 2020. The search giant’s parent company posted the highest quarterly revenue growth in 14 years.
Alphabet’s net profit also rose to $18.9 billion in the third quarter, up 68.4 percent from the same period last year. Alphabet had a net profit of $11.2 billion in the third quarter of last year. The company’s earnings per share, which was $16.40 in the July-September period of last year, increased to $27.99 in the same period of this year. Thus, Alphabet recorded a record in profit during this period.
On the other hand, Twitter announced a loss in the third quarter.
