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giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business amazon s. even retail, a core part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. ....
giantjoined the likes of meta, microsoft and alphabet, delivering a surprisingly strong report card. if sales and profits in the first quarter surpassed wall street s expectations, continuing a trend in big tech that has lifted markets across the board and in fact, you can see the impact on wall street overnight where wall street had its best session since january. where wall street had its best session since january.- where wall street had its best session since january. over the last ear session since january. over the last year amazon session since january. over the last year amazon has session since january. over the last year amazon has been - last year amazon has been aggressively cutting costs to help boost profitability, already laying off 18,000 people and is currently about to eliminate another 9000. it would appear some of those measures are already paying off. the retail giant posted earnings that beat investor expectations. amazon s cloud computing busi ....
Across the sector. 0ne tech firm who has not performed that well in the last quarter is intel, the company reporting its largest ever quarterly loss, revenue falling 36% to $11.7 billion, but despite that it was still slightly above wall street estimates, the chipmaker facing a slump wall street estimates, the chipmakerfacing a slump in demand for semiconductors but early signs of a recovery across the global chip sector. snap has disappointed shares in the social media firm down nearly 18% in extended trading. revenue for the first quarter was under $990 million, down from one point zero $6 billion in the same period last year. changes to snap s advertising platform have hurt demand for ads as snapchat parent wanting results in the next quarter may again fall below targets. let s take a step back and away from the tech sector and have a wider look at the us economy, which did slow down quite a bit in the first quarter. the ....
Across the sector. 0ne tech firm who hasn t performed well in the last quarter is intel, the company reporting its largest ever quarterly loss of revenue falling 36% to $11.7 billion, but despite that it was slightly above wall street estimates. they faced a slump in demand for semiconductors but there are early signs of a recovery across the global chip sector. snap is also disappointed, shares in the social media firm down nearly 18% in extended trading, revenue for the first quarter just under $990 million, down from 1.0 6 billion in the same period last year. changes to snap public advertising platform hurt demand for ads, snapchat parent warning results in the next quarter may again fall below targets. let s take a step away from the tech sector now and take a wider look at the us economy which slowed down a bit in the first quarter. the world s largest ....