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 may have started in retail, but its biggest profits now come from advertising and cloud computing, with rivals ramping ...
The shopping group's sales increase in all areas and profits rise even more strongly. Investors are pleased with the exceeded ...
In general, Amazon's approach is to be everything to everyone rather than striving for a niche audience, and it has released ...
Amazon's share of the digital ad market continues to balloon: The ecommerce giant reported $17.28 billion in advertising ...
The company plans to allocate a record amount to capital expenditures to build artificial-intelligence infrastructure.
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