Microsoft Becomes the Only Big Tech Company to Report Net Income Growth in Q2 2022

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Reza Pahlevi 03/08/2022 14:00 WIB

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Microsoft's net profit growth was only 1.71% (year-on-year/yoy).

Net Income Growth of Facebook, Apple, Microsoft, Google, and Amazon (Q2 2022)

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Net Income Growth of Facebook, Apple, Microsoft, Google, and Amazon (Q2 2022)

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Large technology companies experienced a decline in performance in the second quarter of 2022. Among the top five technology companies, only Microsoft recorded an increase in net profit in the second quarter of 2022.

Microsoft's net profit growth was only 1.71% (year-on-year/yoy). Despite this, Microsoft outperformed Apple, Google, Facebook, and Amazon.

Apple recorded a 10.59% (yoy) decrease in net profit in the second quarter of 2022. This decrease was smaller than Google's, which was 13.62% (yoy).

Meta, or Facebook, saw a net profit decrease of 35.66% (yoy). Amazon did not record any net profit in the second quarter of 2022.

Amazon reported a net loss of US$2.03 billion in the second quarter of 2022. This represents a 126.07% decrease compared to the same period last year.

Overall, the performance of the Nasdaq, which is heavily weighted with technology companies, has contracted since the beginning of the year. The Nasdaq index is down 22.01% (year-to-date/ytd).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Microsoft Becomes the Only Big Tech Company to Report Net Income Growth in Q2 2022

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