Friday, November 22

Tag: Andy Jassy

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays
26Oct By adminNo Comments
Technology

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

Updated Oct. 26, 2023 7:21 pm ETAmazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from postpandemic lows.Chief Executive Andy Jassy said the company would reap tens of billions of dollars in revenue in the next several years as customers turn to generative AI opportunities available within its cloud-computing business, known as Amazon Web Services, or AWS. Business customers are likely to be less cautious with their spending, he said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Amazon reported quarterly profit that trounced expectations, capping earnings reports from tech giants that showed improving health in areas from online retail to digital advertising after a stretch of slowing growth and mass layoffs.
4Aug By adminNo Comments
World

Amazon reported quarterly profit that trounced expectations, capping earnings reports from tech giants that showed improving health in areas from online retail to digital advertising after a stretch of slowing growth and mass layoffs.

Amazon reported quarterly profit that trounced expectations, capping earnings reports from tech giants that showed improving health in areas from online retail to digital advertising after a stretch of slowing growth and mass layoffs.
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Amazon’s stock surges as profit jumps and sales jump
3Aug By adminNo Comments
Technology

Amazon’s stock surges as profit jumps and sales jump

New York CNN  —  Amazon (AMZN)’s sales boomed on strong demand in the second quarter for its wide range of products, from fast delivery for Prime deals to ads, fueling a massive jump in profit from a year ago. Sales grew 11% to $134.4 billion. That’s an increase from $121.2 billion in the second quarter of 2022. The number exceeded analyst predictions of $131.4 billion revenue. The stock surged nearly 10% in after-hours trading. Amazon’s stock has risen 52% year to date, one of a handful of tech stocks that has helped power the market higher this year. The company’s profit jumped sharply compared to this quarter last year. Its net income was $6.7 billion in t...
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