Revenue Report’20: Apple, Amazon, Facebook & Google performs well amid pandemic

  • by Staff@ TSD Network
  • July 31, 2020

Apple, Google-parent Alphabet, Facebook, Amazon are among those to have announced blockbuster earnings, all on the same day. Here are some glimpses of stats from their revenue reports;

Google’s parent Alphabet sees revenue decline for the first time to $38.3 billion in Q2

Google Search and others logged $21.3 billion in sales (down 9.8% while YouTube ads posted $3.81 billion in revenue (up 5.8%). Google Cloud registered revenue of $3 billion (up a massive 43%).

In the second quarter, Alphabet added around 4,000 new employees, taking the full-time workforce headcount to 127,498 during the second quarter

Facebook clocks profits of $5.18 billion in Q2 despite ad boycott

Facebook shares surged over 7% after the social network reported a net income of $5.18 billion as revenue jumped 11% to $18.69 billion from $16.89 billion a year ago.

The monthly active users (MAUs) hit 2.7 billion while daily active users (DAUs) rose 12% to 1.79 billion (as of June 30). Facebook expects total expenses in 2020 to be in the range of $52-55 billion, narrowed a bit from the prior range of $52-56 billion.

Apple revenues grow 11% to $59.7 billion in Q2, intl sales account for 60%

Apple has posted $59.7 billion in revenue for its fiscal 2020 third quarter ended June 27, an increase of 11% from the year-ago quarter.

Interestingly, international sales accounted for 60% of the quarter’s revenue. The iPhone sales were $26.4 billion, iPad revenue was $6.6 billion while Mac revenue reached $7.1 billion.

Apple posted revenue of $6.5 billion in the Wearables, Home, and Accessories segment while its Services vertical (App Store, Apple Music and iCloud, etc) reached $13.2 billion in sales.

Amazon posts the biggest profit in the history of $5.2 bn as pandemic boosts online shopping

Amazon reported solid second-quarter results, registering a 40% increase in net sales to $88.9 billion, compared with $63.4 billion in the same period last year. Net profit increased to $5.2 billion in the second quarter, compared with a net profit of $2.6 billion in the second quarter of 2019.

As per the company’s CEO, the company has created over 175,000 new jobs since March and are in the process of bringing 125,000 of these employees into regular, full-time positions.

For its third quarter, Amazon said it expects net sales to be between $87 billion and $93 billion, or to grow between 24% and 33% compared with third-quarter 2019.

Interestingly, these earnings reports from the ‘Tech Giants’ follow the recent grilling of the CEOs of four of the world’s biggest tech companies,

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Staff@ TSD Network

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