Friday, 27 October 2017

Tech giants Amazon and Alphabet report sales surge

Tech giants Amazon and Google's parent Alphabet have posted a surge in sales over the last three months.

Shares in Alphabet jumped above $1,000 in after-hours trading after the company reported sales up 24% to $27.8bn.

Amazon, the world's biggest e-commerce site, saw sales rise 34% to $43.7bn - nearly the size of Slovenia's economy last year.

Meanwhile, Microsoft's profit beat estimates on gains from cloud services.

Alphabet's profits for the three months to 30 September rose to $7.8bn, from $5.6bn for the same quarter last year.

BBC         News.