Published on August 2, 2021
In Global Tech

Big Tech Sees Record Growth In Revenue In Latest Quarter

Amazon is leading the pack with record revenue of $113.08 billion.

By Gourav Mishra

The quarterly earnings of the Big Tech, released recently, points to the digital transformation the world is witnessing. The profits by Apple, Amazon, Alphabet, Microsoft, and Facebook by the end of Q2 in 2021 account for a third of the entire S&P 500 index. Artificial intelligence is one of the major drivers of growth for Big Tech. Ever since the pandemic outbreak, YouTube registered 120 million viewers per month. Facebook’s revenue grew by 56% year-over-year during Q2’21. Also read: Netflix now uses Artificial Intelligence to improve streaming video quality Post pandemic, businesses shifted to a work-from-home setup. Leading cloud providers Amazon, Microsoft, and Google cashed in on the opportunity to provide infrastructure as a service (IaaS) through cloud regions. Amazon is leading the pack with record revenue of $113.08 billion, followed by Apple's $81.4 billion in this quarter. Alphabet came third with a revenue of $61.8 billion, while Microsoft is

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Gourav Mishra

I am a journalist. A photographer by passion and a writer by profession, I enjoy writing on diverse disciplines. Writing and words are my way of knowing the world transparently. I am here to report the nuances in technology, across the globe, while being a technology journalist with AIM.