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Net income was $0.31 Analysts were closely watching Amazon WebServices as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon WebServices: Amazon’s cloud business was up 16% at $21.3 Amazon reported $127.4 per share, or $3.2
As AI use is ramping up, Amazon WebServices and fellow hyperscale data center companies such as Microsoft and Google are making big investments in their computing capacity and expanding their electricity demands. “Our commitment to being net zero carbon by 2040 is unwavering and we’re really proud of the progress we’ve made.”
But at the same time, the company last year lowered its carbon intensity, a measure of carbon pollution per dollar earned, edging slightly towards its pledged goal to reduce its net carbon footprint to zero by 2040. The second-largest source was from “other indirect emissions” such as third-party transportation and packaging.
Net income was $0.65 Olsavsky added that inflation headwinds continue to ease, notably in fuel prices and other transportation expenses. Amazon WebServices: Amazon’s cloud business was up 12% at $22.1 Amazon reported $134.4 billion in second quarter revenue, up 11% year-over-year. per share, or $6.7 billion, up from $3.3
As the retail, cloud and entertainment giant strives to reach net zero carbon emissions by 2040, most of its carbon cuts so far have come from its shift to renewables. ” Charley Daitch, the Amazon WebServices director of energy and water strategy. “And we moved in a really meaningful way to do that.”
The peculiar moniker was a naming-rights purchase by Amazon , a first for the tech giant, whose influence will be felt in green initiatives throughout the net zero carbon building. Instead of focusing heavily on content, the app will drive efficiency around such things as transportation, ticketing and transactions.
What’s next: Bezos will step down as CEO in the third quarter of this year, replaced by Amazon WebServices chief Andy Jassy. Amazon WebServices serves millions of customers and ended 2020 with a $50 billion annualized run rate. Our net income in 2020 was $21.3 “I’m an inventor. More than 1.9
billion were indicative of an annualized rate expected in 2025, with the “vast majority” directed toward AI for Amazon WebServices (AWS). This news overshadowed a profitable quarter, where the company achieved a net profit of $20 billion, almost double the $10.6 billion reported for the same period a year prior.
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