Technology Magazine November 2017 | Page 31

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AMAZON

Amazon . com Inc is a US-based ecommerce website and offers a range of products and services . The company was incorporated in 1996 and currently employs 341,000 people . Its most recent revenue has been reported as $ 150.12bn . It holds an impressive $ 86bn in assets and boasts a market value of $ 427bn , turning a profit of $ 2.4bn last year . The corporation operates across three segments : North America , International and Amazon Web Services . Its products include merchandise which it purchases for resale , as well as items from third party sellers on the Amazon site . Its subsidiary , Whole Foods Market Inc , offers healthy and organic food items . Amazon acquired Whole Foods for $ 13.7bn in 2017 , prompting grocery chain shares to plunge .

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MICROSOFT

The Washington-based Microsoft corporation currently boasts a market value of $ 507.5bn . Since its incorporation in 1993 , the company now employs over 124,000 people and has built up assets of $ 224.6bn . Microsoft works across three segments including “ Productivity and Business processes ,” “ Intelligent Cloud ” and “ More Personal Computing ”. Its products range across operating systems , crossdevice productivity applications , server applications , desktop and server management tools , video games and training and certification of computer system integrators and developers . Microsoft also makes and sells devices including PCs , tablets , phones and more . It also offers cloudbased solutions . Last year it made $ 18.6bn in profits and CEO , Bill Gates , consistently tops Forbes ’ billionaires list . He has been number one for four years in a row , and for 18 of the past 23 years , with a current fortune of $ 86bn .
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