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June 24, 2020
How tech companies have reached out to support their customers in Q1 2020
Discussing 1Q20 results, technology companies revealed that the impact of COVID-19 has been very mixed so far. However, it is predicted that the current economic downturn will have more impact on the earnings in the second quarter. To address this, companies have improved their financial profile and started supporting customers that may need help overcoming their own issues related to COVID-19. The technology sector has really stepped up last quarter and shown a high level of flexibility toward its customers, including new solutions, fit-for-purpose subscription models and flexible finance arrangements. An EY article provides details.