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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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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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Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 The San Mateo, Calif.-based

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Smartsheet stock soars 15% as Q3 revenue grows 46% to $144M

GeekWire

The Seattle-area software company set records “on multiple financial and operational levels,” CEO Mark Mader said in a statement following a third quarter earnings report. million and non-GAAP net loss per share was $0.03, beating expectations. Customers include Cisco, Meta, Adobe and Amazon Web Services.

Adobe 114
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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO Business Intelligence

However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.” While Google Cloud revenue managed to grow at 22% in the September quarter, Microsoft reported 29% revenue growth in Azure and other cloud services.

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This forensic accounting startup in Seattle is helping lawyers solve fraud investigations

GeekWire

Valid8 Financial sells a forensic accounting platform to lawyers, CPAs, and other enterprise and government customers that use the software to organize and analyze the flow of funds. Common use cases include divorce disputes between high net-worth individuals, insurance companies auditing for Medicare fraud, and chapter 11 bankruptcies.

Financial 103
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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 Amazon Web Services reported $23 billion in revenue for the third quarter, up 12%, matching the growth rate from the second quarter. Here’s a breakdown of Amazon’s financials for the third quarter. Amazon Web Services: Amazon’s cloud business was up 12% at $23 billion, with $6.9