Container boxes at the Yangshan Deep Water Port in Shanghai. Photo: Reuters

With more than 90% of S&P 500 companies having reported Q1 2017 results, FactSet asks the question: did firms with more global revenue exposure outperform or underperform?

The answer is clear as firms with more than 50% of sales outside of the US reported 20.9% growth, versus companies with more than half of sales inside the US, which reported 9.9%.

The largest contributors to the higher revenue growth for firms with more global exposure were in the IT and energy sectors.