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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.
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.
1h
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.
Impacts
10h
Redefining Cloud Efficiency: Pioneering Low-Latency Architectures for AI Applications
A renowned innovator in cloud computing and AI systems, Sandeep Konakanchi presents a groundbreaking framework for ...
USA Today
7h
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 ...
1d
Amazon (AMZN) Will Be Under Pressure to Deliver Strong Cloud Computing Results
Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...
50m
on MSN
Microsoft Corporation (MSFT): Analysts See Long-Term Opportunity Despite Cloud Revenue Concerns
We recently published a list of 10 Must-Watch AI Stocks Dominating Headlines. In this article we are going to look at where ...
1d
on MSN
Alphabet stock gets rocked after cloud computing and spending surprise: What Wall Street is saying
Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/105.JzBkOQ-g.js ...
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, ...
InfoWorld
2d
Public cloud providers are missing the mark with AI
Burned by astronomical cloud bills, enterprises need a strategic road map that balances flexibility and control to unlock the ...
1d
Cloud-Computing Slowdown Knocks Google Sales; Alphabet Stock Slides
A slowdown in cloud-computing sales dragged down Google’s revenue growth last quarter, knocking shares of parent company Alphabet. Its stock slid 7.5% ahead of the open. Read more: ...
Datacenter Dynamics
8h
British Gas teams up with heata to explore using cloud computing to warm homes
British Gas has signed an agreement with heata to explore using waste heat from servers in homes. The companies will be ...
Impacts
3d
Innovating the Future: Cloud Computing and APIs Transform Banking
Technology is reshaping industries at a rapid pace, and banking is no exception. With its transformative research, Dorai ...
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Amazon
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Alphabet Inc.
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