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Zoom revenue spikes to $328M in Q1; CEO thanks Amazon Web Services for help meeting demand

GeekWire

Zoom blew past expectations for its first quarter earnings as the video conferencing company added millions of new users amid the global pandemic. Shares have surged more than 200% since the pandemic began as more people rely on the company’s software to work and socialize due to shelter-in-place orders. (Zoom Image).

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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Here’s how the company defines each segment in its 10Q filing.

.Net 93
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Amazon profits nearly double to $14.3B, boosted by Rivian stake, as company hikes Prime fees

GeekWire

The company also announced a $20 increase in its annual Prime membership fee , to $139 from $119 previously. billion the fourth quarter of the prior year, providing a more telling view of the state of the company’s business. Amazon Web Services, the company’s cloud division, posted $17.8

Company 107
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As AI use surges, tech companies race to secure clean energy and preserve climate goals

GeekWire

Microsoft has an agreement with the startup to purchase its clean power — if the company is able to produce it. But the green power opportunities are getting harder to come by, said Sarah Delp, global director of buyer engagement for LevelTen Energy , a Seattle company helping organizations make renewable power purchases.

Energy 113
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Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

GeekWire

Amazon posted net sales of 113.1 The result was within the range of the company’s previously issued guidance of net sales between $110 billion and $116 billion. However, Wall Street analysts had expected Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. billion or $15.12

.Net 120
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Amazon’s potential investment in Rackspace would link longtime players in the cloud

GeekWire

Shares of Rackspace climbed as much as 19% at one point this morning amid reports that Amazon is in talks for a potential investment in the cloud infrastructure and services company. billion and a net loss of $102.3 Neither company is commenting on the reports of the potential investment. million in 2019.

Cloud 143
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Amazon sales come up short, profits nearly double

GeekWire

Amazon’s sales fell short of Wall Street’s estimates but profits exceeded expectations in the company’s second quarter results , released Thursday afternoon for the three months ended June 30, 2024. Highlights from the company’s business segments: AWS revenue was $26.3 billion, shy of expectations of $148.56