Remove .Net Remove Advertising Remove Cloud Remove Web Services
article thumbnail

Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1 ” [Rose 13.5%

.Net 79
article thumbnail

Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Amazon’s cloud revenue growth rate and its artificial intelligence initiatives will be closely scrutinized when the company reports second-quarter earnings Thursday afternoon, Aug. Wall Street analysts expect the company to report net sales (revenue) of $131.5 Amazon Web Services revenue growth declined to 15.8%

Report 76
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” Amazon CEO Andy Jassy said in a statement.

article thumbnail

Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

GeekWire

Amazon posted net sales of 113.1 The result was within the range of the company’s previously issued guidance of net sales between $110 billion and $116 billion. However, Wall Street analysts had expected Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. billion or $15.12

.Net 122
article thumbnail

Amazon profits nearly double to $14.3B, boosted by Rivian stake, as company hikes Prime fees

GeekWire

billion, nearly doubling year-over year despite heavy spending in the December quarter, thanks to strong results in its cloud division and a gain of $11.8 Amazon Web Services, the company’s cloud division, posted $17.8 ” Net sales rose 9% to $137.4 (GeekWire File Photo / Dan DeLong). billion, from $6.9

Company 109
article thumbnail

Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Amazon’s cloud computing business reported revenue of $21.3 Amazon’s cloud computing business reported revenue of $21.3 Amazon continues to see companies looking for ways to optimize their cloud spend with the ongoing economic uncertainty, Amazon CFO Brian Olsavsky said on a call with reporters.

article thumbnail

Amazon delivers big earnings miss, Jassy warns Q4 will bring ‘several billion dollars of additional costs’

GeekWire

Net sales rose 15% to $110.8 For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon Web Services cloud business and revenue from advertising.

.Net 119