In addition to being the most popular search engine of the modern times, Google Inc (NASDAQ:GOOGL) is also the favorite technology stock in the market. It might come as a surprise to many that despite of an enormous increase of 1300 percent in its share prices since its debut in 2004, Google Inc (NASDAQ:GOOGL) comes next to Mastercard Inc (NYSE:MA) in terms of annualized returns and increase in share prices.
Mastercard Inc (NYSE:MA) has offered annualized returns of 41% since its IPO in May 2006 and its share prices have increased by 1864%. Mastercard Inc (NYSE:MA) reported an excellent second quarter 2014 with net revenue of $2.4 billion and quarterly income of $931 million. The company recorded an increase of 13% in its quarterly revenue from the same period last year. Mastercard Inc (NYSE:MA) processed transactions worth $10.6 billion in the quarter.
Google Inc (NASDAQ:GOOGL) has registered an increase of 1864% in its share price since its IPO in August 2004 and it has offered annualized returns of 28%. Most of the experts are of the opinion that Google is going to enjoy an amazing run in this quarter with the target price of $700 per share. Google Inc (NASDAQ:GOOGL) reported an increase of 22% in its revenue YOY at $16.0 billion and it reported GAAP net income of $3.42 billion for the quarter.
Facebook Inc (NASDAQ:FB) is the next big name in high growth tech stocks and it is expected that the company will surpass Google Inc (NASDAQ:GOOGL) in a 10-year performance run. The company has witnessed an increase of 98% in its share prices since its debut in May 2012 and has offered annualized returns of 35% surpassing Google Inc. Facebook Inc (NASDAQ:FB) reported net revenue of $2.91 billion with 61% growth as compared to the same period last year.
This article has been written by Prakash Pandey.