Google and Amazon.com, both internet behemoths, each face their own specific set of challenges. Only Google headed into its second quarter report with nowhere to go but up.
Both companies reported accelerating growth Thursday afternoon. Amazon’s second-quarter revenue jumped 20% year over year to $63.4 billion, beating Wall Street’s estimates and exceeding the 16% growth reported in the first quarter. Google parent Alphabet Inc., meanwhile, saw revenue rise 19% to $38.9 billion, following 17% growth in the first quarter.