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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

.Net 74
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Google Cloud posts second straight profitable quarter on 28% revenue growth

GeekWire

A sign inside the Google Cloud campus in Seattle’s South Lake Union neighborhood. GeekWire File Photo / Todd Bishop) Google Cloud boosted its operating profits to $395 million for the second quarter, a improvement of close to $1 billion from its loss of $590 million in the same quarter a year ago. billion, with net income of $18.4

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Amazon pours up to $4B into AI startup Anthropic, escalating rivalry with Microsoft and Google

GeekWire

Dario Amodei, co-founder and CEO, Anthropic, at the 2023 Fortune Brainstorm Tech conference in Park City, Utah. The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. Photo by Stuart Isett/Fortune, Creative Commons BY-NC-ND 2.0 , via Flickr.)

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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

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Jeff Bezos commits $1 billion to conservation as Amazon destroys the world

Vox

Nature is our life support system and it’s fragile,” the billionaire said Monday at a press conference. “I Meanwhile, Amazon Web Services (AWS) uses massive amounts of energy to keep its servers online. Meanwhile, Amazon Web Services (AWS) uses massive amounts of energy to keep its servers online.

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

The company, which reported net revenues of $3.6 The company’s pivot to new tech development and SaaS began in 2021 and is keenly focused on the cloud, machine learning, and AI, as well as blockchain for tracking digital assets. Artificial Intelligence, Digital Transformation, Financial Services Industry

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TASER Awarded: The NGA ASP/ISP Transition Contract

Cloud Musings

Cloud Musings by Kevin L. Personal comments and insight on cloud computing related technologies and their use in the public sector to support net-centric operations. Cloud Musings on Forbes. NJVC Cloud Computing. Get "Cloud Musings" by RSS. Labels: cloud computing , GovCloud. GovCloud Daily.