(Bloomberg) — The internet is steadily pulling in more shoppers, advertisers and businesses, helping the largest technology companies including Amazon.com Inc., Microsoft Corp. and Alphabet Inc. churn out strong revenue and profit growth for another quarter.
All three beat analysts' sales and profit estimates in the September quarter, sending their shares higher in late trading Thursday and putting the stocks on course to hit records or come close Friday. Consumers and corporations are moving more of their day-to-day functions and business to the internet, from advertising and shopping to workplace software, data storage and applications hosting. That means increased sales for Amazon's online marketplace, more eyeballs on ads dished out in Google's mobile search results, and busier servers in all three companies' data centers.
Even technology companies on the periphery of this internet boom managed to catch some of the wave. Intel Corp.'s server-chip business has struggled as big companies use their own data centers less and move operations to the cloud. However, the semiconductor company is now selling more to the big internet companies that lead in those services.
There are risks: regulators around the world are considering how to control internet companies' influence, and in the U.S., Google and Facebook Inc. are facing criticism after their advertising services were misused by Russia-linked groups to influence last year's presidential election. But
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