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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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Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand

GeekWire

Amy Hood, Microsoft’s chief financial officer, told analysts that CapEx will keep growing in the 2025 fiscal year, which starts in July. It’s a different beast, in part because its overall capital expenditures include not only its Amazon Web Services data centers but also fulfillment centers and other e-commerce facilities.

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How Trainline’s CTO stays on track with professional development

CIO Business Intelligence

A long-time Googler, who’s role as engineering director saw her lead the Google Play developer ecosystem, Nikolic was keen for something new that offered a greater sense of social purpose. “ Since joining a year ago, Nikolic has split teams into horizontal and vertical functions to support operational efficiency and product development.

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. The company, which reported net revenues of $3.6 We’ve become the Salesforce or Workday for the financial industry,” he says.

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Microsoft and Google both posted strong cloud results in their earnings reports last week, benefitting in part from early interest in infrastructure and services to help corporate customers develop generative AI applications. Here’s a breakdown of Amazon’s financials for the second quarter.

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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. He cited MGM’s “vast deep catalog of much beloved intellectual property” and said Amazon and MGM would “reimagine and develop that IP for the 21st century.”

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Former AWS real estate managers, accused of taking millions in kickbacks, challenge Amazon’s motives amid FBI investigation

GeekWire

Amazon Web Services had embarked on a data center building boom to handle soaring demand as attendees gathered for its 2019 re:Invent conference in Las Vegas. Amazon Web Services needed more capacity. The third, Colorado developer Brian Watson, put himself forward as a person who could salve Amazon’s growing pains.