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Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.
Amazon beats quarterly revenue estimates, cloud growth lags
Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.
Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates
All three of the top companies providing cloud-based computing and storage delivered less fourth-quarter revenue from this category than expected.
11h
Multi-Cloud Environments: Balancing Cost-Efficiency And Security
Achieving cost efficiency in a multi-cloud environment is not just about minimizing expenses—it’s about maximizing value ...
11h
Amazon Cloud Needs to Deliver After Microsoft, Alphabet Misses
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
1d
Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble
The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, ...
2d
Future-Proofing Niche Industries: Why Cloud Software Is Essential For Survival
Proactive cloud adoption offers niche industries the opportunity to not only survive but thrive in an increasingly digital ...
1d
on MSN
Google whiffed on cloud, but what’s happening in search is the real area to keep an eye on
Shares of Google parent Alphabet fell on Tuesday after the company reported quarterly earnings results that showed slowing ...
2d
Earnings are out: Google Cloud revenue missed
The headline so far is that Google Cloud brought in $11.96 billion in revenue during the last quarter, missing analyst ...
4h
The Cloud Underdog? Why Oracle's 3% Market Share Signals A Strong Upside
Despite high debt, Oracle's fair valuation relative to Amazon and Microsoft, along with strong RPO growth, reinforces its ...
1d
on MSN
AI and the cloud in focus for Wall Street as analysts grow bullish ahead of earnings
Top Wall Street analysts are bullish on numerous fronts, from cloud services to AI to robotics. The tech giant reports Q4 ...
1h
Two teens charged in fatal St. Cloud shooting
A pair of 19-year-olds face felony charges for aiding and abetting the Sunday shooting at an apartment building.
USA Today
6h
Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft MSFT.O on Wednesday forecast disappointing growth in its
cloud
computing business, sending its shares down more ...
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