More than 5,000 tech companies have reported operating profit for the second quarter of 2017, according to data compiled by Recode.
While that’s a healthy return for a tech company, it’s far less than the $6.6 trillion in tech-related revenue in the year before.
In fact, tech companies saw operating profit drop by a whopping 37 percent from the same quarter a year ago.
More from Recode:Tech companies with the most profitable quarters in 2017 include Salesforce, Microsoft, Amazon, and Netflix.
(The data is broken down by industry.)
Read more at Recode