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How tech businesses work, explained across the companies we cover. About five minutes each, every figure from the filings.

Cloud & data

Where does the cloud's money go?

Into buildings, power and chips: the five biggest builders spent $464.6 billion on capital spending in their latest fiscal years, 4.6 times what they spent five years earlier.

Amazon, Microsoft, Alphabet, Meta and Oracle spent $464.6 billion on capital spending in their latest fiscal years, against $100.3 billion five years earlier.
Their revenue roughly doubled over the same years. Their capital spending grew more than four times.
Oracle spent $55.7 billion, 82.6% of its revenue and more than the $32.0 billion its operations brought in.

Nov 4, 20263 min read

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