Tag AMZN

Amazon CEO Andy Jassy is vying for A.I. customers to bring their processing power to AWS...

Amazon.com Inc signaled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations...

The following slide deck was published by Amazon.com, Inc...

Amazon (NASDAQ: AMZN) stock popped 10% on initial earnings results after the closing bell Thursday. Many cloud stocks were rallying on the news. The video below breaks down Amazon's recent earnings and explains why the stock reversed from green to red after hours...

Amazon said growth had slowed this month in its Amazon Web Services cloud division, raising investor fears about a main driver of the tech giant’s profits as customers look to cut costs in response to challenging economic conditions. The warning, which came on an earnings call on Thursday, took the shine off of an initial rally that had pushed Amazon shares as much as 12 per cent higher in after-hours trading, leaving them about 2 per cent lower. During the March quarter, revenue at AWS, which accounts for the bulk of Amazon profits, grew 16 per cent to $21.4bn, ahead of forecasts for $21.2bn...

(Bloomberg) -- Amazon.com Inc. warned that growth in its cloud computing division is continuing to cool, dashing hopes that the company’s most profitable division was weathering a lackluster environment for technology spending. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyUS Economic Growth Slows to 1.1% While Inflation AcceleratesASML, Europe’s Most Valuable Tech Firm, Is at the Heart...

Amazon's first quarter results were better than analysts expected, with the tech giant beating on both the top and bottom lines. Despite the earnings beat, Amazon (AMZN) executives struck a cautious tone, citing concerns over what lies ahead for the economy. Yahoo Finance's Brad Smith, Rachelle Akuffo, and Allie Garfinkle were listening in to the company's earnings call and shared their thoughts "After the Call." Garfinkle says the analysts she spoke to still have concerns about a slowdown in its cloud-computing business. She also notes there are also some questions about the company's cost-cutting path. Key video moments 00:00:10 Why Amazon's shares reversed course after hours 00:00:50 Why Amazon is like an iceberg 00:01:07 AWS concerns 00:01:32 Amazon's cost-cutting story...

Although the revenue and EPS for Amazon (AMZN) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...

The company reported a bounceback from stagnant postpandemic sales, but shares fell after-hours when it revealed in an investor call that its cloud-computing growth has slowed this month...