These values ??come after Alphabet's leadership changes at the end of 2019. At the time, Larry Page and Sergey Brin, founders of the tech giant, explained that they were leaving the presidency of Google's me house. The idea was to leave the leadership of the company in the hands of Sundar Pichai, who was already CEO of Google and maintains this position, accumulating with the presidency of Alphabet.
During this period of public health crisis that is marking 2020, Amazon expressed a clear desire to hire 100,000 employees in the face of "unprecedented" demand and to increase the salary of some employees since April. The American company was the only one to see a drop in profits, justified by the substantial increase in operating costs, namely those related to sales, storage, technology and marketing. Even so, the billing registered a growth of 26%, reveals the document with the financial results.
About 2.5 billion dollars was the amount of profit recorded by Amazon in the first quarter of the fiscal year, 29% less than in the same period of the previous year. As far as billing is concerned, the situation is different, with the technological giant registering around 75.5 billion dollars.
Quarantine fires number of Netflix subscribers
With the isolation measures imposed around the world, quarantine triggered the number of Netflix subscribers in the first three months of the year. In all, 16 million new users joined the platform, nine million over the estimated number for this period. The North American company recorded profits of 709 million dollars, when in the same period last year that value was 344 million.
The American giant also guaranteed at the end of April that the measures taken to not clog the internet were successful, even at times when traffic reached peaks. Netflix also said it would be in talks with operators to ensure that the imposed limitations are removed at the best time and in a way that does not affect the operation of the internet.
Increase in services helps explain Apple's performance
At the end of April, Apple revealed that it had revenues of US $ 58.3 billion, a figure 1% above the same period in 2019. In terms of profits, the technological giant posted a result of US $ 11.3 billion. dollars, which fell slightly compared to the same period, reaching 11.6 billion dollars at the time.
The great support for this quarter came even from the services. In this category, Apple revealed a revenue of 13.4 billion dollars, which represents an increase of about 2 billion dollars compared to 11.45 billion in the first quarter 2019.
The positive values ??come even after the loss on the stock market of the technological giants at the beginning of March, with reports that Amazon, Apple, Alphabet, Facebook and Microsoft added a devaluation of 416.63 billion dollars on the stock exchange. The COVID-19 pandemic does not appear to be affecting large companies in the sector, but we have to wait for the results of the coming quarters to better analyze the trend.