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Microsoft has seen a 32% increase in revenue in its cybersecurity business in the first quarter year-over-year, according to Canalys. It was in the top three companies examined in terms of growth.

Smartphone shipments globally have declined 14.6% in the first quarter year-over-year. IDC said inventory is still pretty full but good work is being done to help sell these devices to customers.

Amazon has continued to increase its net sales in the first quarter despite a poorer economic backdrop. Year-over-year, the company is also seeing better figures and expects this to continue into Q2.

Meta has reported year-over-year growth in revenue for the first quarter of 2023. This is despite the worsening economic outlook. Investors have responded positively with the stock up after hours.