Tech Giants Rein In Spending To Focus On Profits

By | July 28, 2015

Scalper1 News

This earnings season, tech giants Amazon.com, Google and Microsoft curbed their spending to buck up their bottom lines. And Wall Street is applauding. Amazon.com (AMZN) posted a surprise second-quarter profit last Thursday in part because its costs were less than expected. Some analysts wondered if Amazon’s Q2 report is a sign that the company is starting to move away from years of heavy investing in its e-commerce and cloud Scalper1 News

Scalper1 News