First-quarter earnings season wrapped up last week for the biggest technology companies, and we've learned a few things.
Mark Mahaney and Amit Daryanani, two tech analysts at RBC Capital Markets in San Francisco, sat down Friday morning with 10 reporters to discuss the big themes from earnings reports and to make predictions for what's to come. (See their ratings below.)
There are still plenty of tech companies to announce results, but most are smaller. Among internet names, Chegg reports after Monday's closing bell, followed by GrubHub and Overstock.com on Tuesday, Zynga on Wednesday and TripAdvisor, TrueCar and Yelp on Thursday.
Shares of each of those companies have dropped in the past year. Meanwhile of the five tech giants — Alphabet, Amazon.com, Apple, Facebook and Microsoft — all except for Apple have seen shares increase (although in the case of Microsoft, just a little).
That brings us to the first of our five takeaways from the RBC breakfast.