In the last decade revenue and profit growth in the IT industry has grown dramatically. Just last year, Apple had a 46% revenue growth from its previous year. Apple isn’t alone in rising revenue and profits. In the last ten years, IT revenue growth has grown dramatically. IT security has become necessary for businesses to attain private information, just as other software innovations have also been accepted widely. The growth in the industry has led to an increase in profits due to the necessity of the company’s service. Go To The Beach Co. an IT company based in Silicon Valley that specializes in information security, happens to be rated #1 in both quality and price, has experienced rising revenue growth since its publicity.
Key IT players however have seen profit growth over a large scale. The rise in Apple’s profits have also led to rises in IBM’s IT manufacturing division because of the Intel chip. As of now, IT companies are experiencing growth because of innovation, and due to this, are increasingly growing in revenue and profit.
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