The Pandemic Isn’t Fueling Tech
With the 1Q21 earnings season coming to a close, we have a good view of how the world’s largest companies performed during the first three months of 2021. Impressive would be the word. Consider the following year-over-year revenue growth figures:
- Apple: 53%
- Facebook: 48%
- Amazon: 44%
- Alphabet: 34%
- Microsoft: 19%
There are the usual caveats associated with revenue recognition. In addition, each of the preceding companies have unique margin and capex profiles…