Remove category amazon-web-services
article thumbnail

Amazon shares rise 4% as cloud and advertising power record Q4 revenue of $170B

GeekWire

Amazon’s logo on the front end of the Rivian electric van. GeekWire Photo / Kurt Schlosser) Amazon topped expectations for its holiday quarter, reporting record revenue of $169.9 Amazon shares were up more than 4% in after-hours trading. Amazon shares were up more than 4% in after-hours trading. Overall U.S.

article thumbnail

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

GeekWire

Amazon’s logo on the front end of the Rivian electric van. GeekWire Photo / Kurt Schlosser) Amazon shares were up more than 5% in after-hours trading Thursday after the Seattle tech giant beat analyst expectations for profits and revenue for its third quarter. Amazon reported $143.1 Net income was $0.94 per share, or $9.9

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

An Amazon delivery van at the company’s headquarters in Seattle. Amazon shares were up more than 11% in after-hours trading Thursday after the Seattle tech giant topped analyst expectations for both profits and revenue. Amazon reported $127.4 Amazon’s cloud computing business reported revenue of $21.3

article thumbnail

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

CIO Business Intelligence

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.”

article thumbnail

Amazon blows past estimates for holiday quarter, sets record with $125.6B in revenue

GeekWire

(Amazon Photo). Amazon crushed expectations for its holiday quarter, beating estimates with an all-time high of $125.6 Amazon Web Services chief Andy Jassy will replace Bezos, who founded Amazon 27 years ago. Amazon eclipsed $100 billion in quarterly revenue for the first time. Amazon Photo).

article thumbnail

Amazon reports $149B in revenue for holiday quarter, beating estimates, but shares fall 6%

GeekWire

An Amazon electric delivery van in Seattle’s Ballard neighborhood on Saturday. GeekWire Photo / Kurt Schlosser) Amazon beat revenue expectations for its fourth quarter as the company continues to navigate various headwinds. Amazon warned in October that companies were cutting their cloud spend and said that continued in Q4.

Report 104
article thumbnail

Amazon crushes earnings estimates with $108.5B in Q1 revenue, up 44%, profits of $8.1B, up 224%

GeekWire

The Amazon Spheres in Seattle. Amazon blew past expectations for its first fiscal quarter earnings , posting revenue of $108.5 The Seattle-based giant has surged amid the pandemic as more consumers turn to online shopping and companies rely on its cloud arm, Amazon Web Services. That category brought in $6.9