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Big Tech shows its resilience to pandemic and politics

The combined sales of the four big tech companies leapt 18 per cent year on year in the latest quarter, 4 per cent higher than expected while their after-tax profits jumped by 31 per cent

©The Financial Times Limited 2020 Oct 30, 2020 / 11:20 AM IST
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Big Tech shows its resilience to pandemic and politics

Richard Waters, Dave Lee, Hannah Murphy and Patrick McGee The biggest US tech companies set aside their growing political troubles on Thursday to disclose the latest leg of their seemingly unstoppable business ascendance: a stunning boom in digital markets has lifted their fortunes at a time when much of the global economy is hurting. Alphabet, Amazon, Apple and Facebook all disclosed quarterly results on Thursday that showed revenues climbing faster than Wall Street had been expecting in the three months to...

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