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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. Here’s how the company defines each segment in its 10Q filing.

.Net 90
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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 company’s founders split from OpenAI after becoming concerned that the ChatGPT maker was becoming too commercial. 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

.Net 120
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Google Cloud posts second straight profitable quarter on 28% revenue growth

GeekWire

The result, posted Tuesday as part of its parent company Alphabet’s quarterly earnings , followed Google Cloud’s first-ever profit of $191 million in the first quarter of this year. billion, with net income of $18.4 based company topped Wall Street’s expectations across the board.

Google 76
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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. But Blue Origin, the private spaceflight company he owns that recently took him to space, has raised environmental concerns.

Energy 145
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How Trainline’s CTO stays on track with professional development

CIO Business Intelligence

Few would swap sunny San Francisco and the innovation of Silicon Valley for a train ticketing company serving disgruntled UK commuters, but try telling that to Trainline CTO, Milena Nikolic. The company sold more than 204 tickets every minute. The company has approximately 800 staff in total across the business.

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Slack warns investors about risk of possible retaliation from Microsoft over antitrust complaint

GeekWire

New language in Slack’s quarterly regulatory report warns investors that Microsoft could retaliate against the workplace collaboration company over its antitrust complaint against the tech giant. And it’s common for companies to caution investors about standard risks and uncertainties associated with such legal actions. .

Microsoft 105