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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

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Walmart’s U.S. ecommerce sales top $10B as retail giant prepares to challenge Amazon Prime

GeekWire

The retail giant is increasingly going head-to-head with Amazon across digital and physical retail sales channels. Walmart’s ecommerce business in the United States grew 97% in the company’s second fiscal quarter, ended July 31, the retail giant reported Tuesday morning. retail sales kicked up in 2Q.

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

GeekWire

Net income was $0.94 Investors are keeping a close watch on the company’s cloud business, which has seen revenue growth decline in recent quarters. Amazon Web Services reported $23 billion in revenue for the third quarter, up 12%, matching the growth rate from the second quarter. Amazon reported $143.1

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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.

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Jeff Bezos to hand over Amazon CEO role to Andy Jassy on July 5, anniversary of company’s creation

GeekWire

Jassy, the longtime leader of the Amazon Web Services cloud business, “is going to be an outstanding leader, and he has my full confidence,” Bezos said. In contrast, there are many successful, small, fast growing retailers that are doing incredibly well selling online. Where are they? They do not exist.

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Amazon renewable power leader on AI’s energy strain, a political dust-up in Oregon, and more

GeekWire

As the retail, cloud and entertainment giant strives to reach net zero carbon emissions by 2040, most of its carbon cuts so far have come from its shift to renewables. ” Charley Daitch, the Amazon Web Services director of energy and water strategy. (Amazon Photo) Amazon for three years has ranked as the No.

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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

Its net loss for the first nine months of this year was $2.2 “Anu’s deep technical expertise in cloud and infrastructure combined with her passion for sharing it has already contributed greatly to Madrona’s investment thesis and our work with new and existing companies.” The company posted revenue of $4.2 billion in 2019.

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