The big tech names have all updated accounting estimates recently, boosting earnings across the board. Microsoft, Amazon and Oracle increased the estimated useful lives of their servers, decreasing reported expenses and increasing net income this quarter.
Accounting policy changes boost tech earnings
Accounting policy changes boost tech earnings
Accounting policy changes boost tech earnings
The big tech names have all updated accounting estimates recently, boosting earnings across the board. Microsoft, Amazon and Oracle increased the estimated useful lives of their servers, decreasing reported expenses and increasing net income this quarter.