US Tech Giants Report Revenue Growth for July-September Period
Manila: US tech giants, including Microsoft, Meta, and Alphabet, have reported their revenues for the July-September period, with increases across the board for the corporations. According to Philippines News Agency, Microsoft’s revenue rose 18 percent, year on year, to USD77.7 billion in July-September. Its net profit increased 12 percent over the same period to USD22.7 billion, and its earnings per share climbed from USD3.3 to USD3.72. Meta, the owner of Facebook, Instagram, and WhatsApp, saw its revenue surge 26 percent on an annual basis to USD51.2 billion in the third quarter. However, its net profit declined 83 percent to USD2.7