海外科技公司2025Q1业绩总结:资本开支节奏趋稳,云服务供不应求

西南证券
13 May

(以下内容从西南证券《海外科技公司2025Q1业绩总结:资本开支节奏趋稳,云服务供不应求》研报附件原文摘录)核心观点业绩概览:净利润增速高于营收,净利率水平再次提升。25Q1海外四大科技公司合计实现收入3583亿美元,yoy+11%;净利润合计941亿美元,yoy+38%,整体净利率达26%,同比+5.0pp,环比+3.5pp,25Q1各公司总营收及利润端业绩均高于市场预期,海外四大科技公司...

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