Remove .Net Remove Financial Remove Web Services
article thumbnail

Amazon earnings preview: AWS cloud growth, AI demand, trade wars among key issues to watch

GeekWire

Amazon Web Services growth will be a major factor in the company’s quarterly earnings report Thursday. in Amazon Web Services revenue, which would be the largest increase in two years, according to LSEG data reported by Reuters. Amazon Web Services remains a major financial engine for the larger company.

article thumbnail

AWS revenue growth stabilizes with a boost from generative AI-led services

CIO Business Intelligence

However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.” While Google Cloud revenue managed to grow at 22% in the September quarter, Microsoft reported 29% revenue growth in Azure and other cloud services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon announces nuclear power deals as tech giants scramble for more clean energy

GeekWire

“Nuclear is a safe source of carbon-free energy that can help power our operations and meet the growing demands of our customers, while helping us progress toward our Climate Pledge commitment to be net-zero carbon across our operations by 2040,” said Matt Garman, CEO of Amazon Web Services (AWS), in a statement.

Energy 115
article thumbnail

Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 The San Mateo, Calif.-based

Financial 129
article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. The company, which reported net revenues of $3.6 We’ve become the Salesforce or Workday for the financial industry,” he says.

Financial 290
article thumbnail

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. Amazon Web Services posted revenue of $22.1

.Net 98
article thumbnail

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 122