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

GeekWire

Zoom does not report monthly active user numbers but CNBC cited its mobile app at a whopping 173 million monthly active users, up from 14 million in March. Zoom CEO Eric Yuan gave a special shout-out to longtime partner Amazon Web Services and its CEO Andy Jassy for helping the company meet demand. AWS posted net sales of $10.2

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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. Amazon Web Services posted revenue of $22.1

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Amazon’s cloud revenue growth rate and its artificial intelligence initiatives will be closely scrutinized when the company reports second-quarter earnings Thursday afternoon, Aug. Wall Street analysts expect the company to report net sales (revenue) of $131.5 from a year ago, as reported by Yahoo Finance.

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Amazon Prime Day, AWS and jobs in the spotlight for Andy Jassy’s first earnings report as CEO

GeekWire

Amazon’s earnings report Thursday will be its first with CEO Andy Jassy at the helm. What to watch in the numbers: Wall Street expects Amazon to report overall net sales of $115 billion , on average, a 29% increase year-over-year. Earlier this week, Google Cloud reported revenue of $4.6 Amazon CEO Andy Jassy.

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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. Based in San Antonio, Texas, Rackspace reported revenue of $2.4 billion and a net loss of $102.3 million in 2019.

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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 118
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Amazon sales come up short, profits nearly double

GeekWire

The tech giant reported a 10% increase in second-quarter revenue, to $147.98 Speaking with reporters on a conference call, Brian Olsavsky, Amazon’s chief financial officer, said average selling prices (ASP) are declining amid cautious consumer spending. Revenue from third-party seller services was up 12% to $36.2