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However, growth in the closely watched Amazon WebServicescloud unit was slightly lower than expected, with sales of $28.8 That makes for a trend in the cloud industry. billion) accounted for just 15% of Amazon’s total sales ($187.8), the cloud unit’s operating profits ($10.6 in advance of the report.
Amazon WebServices met expectations with $27.4 The cloud unit continues to drive profits for the larger business, reporting $10.4 Amazon WebServices: Amazon’s cloud business was up 19% at $27.4 Investors are keeping a close eye on the impact of AI adoption on cloud computing giants.
Revenue growth at Amazon’s cloud computing division, Amazon WebServices, continued to slow in the fourth quarter as enterprises advanced their cost-cutting measures, brought on by uncertain macroeconomic environment. Google’s cloud revenue growth also slowed to 32% for Q4, down from 38% in the previous sequential quarter.
Analysts will be watching for continued growth in the company’s key profit drivers: advertising and cloud computing. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon WebServices. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon WebServices.
Cloud Computing. Animal Logic Contemplates Cloud Options for VFX Rendering. Animal Logic Contemplates Cloud Options for VFX Rendering. To accomplish rendering on movies and keep pace with rapidly growing compute demands, the company has had to constantly evaluate on-premise equipment upgrades or cloud opportunities.
Cloud Computing. Rackspace: AWS is Clouding the Picture on Dedicated Servers. Rackspace: AWS is Clouding the Picture on Dedicated Servers. He emphasized that Rackspace doesn’t aspire to be the cheapest cloud player, building its business on its “Fanatical Support,” which is a major differentiator for the San Antonio firm.
The company’s cloud, advertising, and third-party seller services businesses met or exceeded estimates in Q4, while overall operating income increased to $13.2 Amazon WebServices: Amazon’s cloud business was up 13% at $24.2 Advertising brought in $14.6 Wall Street expected earnings of $0.80
Hybrid Cloud Means Slower Sales Growth for Equinix. Hybrid Cloud Means Slower Sales Growth for Equinix. Colocation facilities like this Equinix data center are key components of many hybrid cloud infrastructures. But customers are taking their time in analyzing the best way to deploy hybrid clouds, Equinix said this week.
Amazon’s cloud unit cut hundreds of jobs this week. GeekWire Photo / Todd Bishop) Amazon WebServices announced hundreds of job cuts this week, in areas including training, sales, and physical stores technology, but noted that it’s still hiring in core areas of its business, with thousands of jobs currently posted.
Cloud Computing. CloudVelocity today released its One Hybrid Cloud software for migrating applications to Amazon WebServices. The company seeks to provide seamless movement of apps between cloud platforms and data centers, as shown in this diagram. CloudVelocity Announces $13M Funding, New Tools for AWS.
.” Amazon has invested billions of dollars to buy expensive sports media rights and build out extensive cloud computing infrastructure required to stream games for Prime members around the globe. Amazon has helped bring 50 new advertisers to NFL programming, Neiman said. Live sports remains one of the most-watched telecasts.
Analysts will be watching growth rates for Amazon WebServices and advertising; potential impact from faster shipping times ; and updates related to generative AI, which was the big theme at the AWS re:Invent conference in November. (GeekWire Photo / Todd Bishop) Amazon will report its holiday quarter 2023 earnings on Thursday.
The cuts mostly affect Amazon WebServices, human resources (which Amazon calls PXT, for People Experience and Technology), Amazon Advertising, and Twitch. We are the leading cloud provider by a wide range of benchmarks, from our feature set to our security capabilities to our operational performance.
Cloud growth: Amazon WebServices has long been a key profit driver but is facing slowing growth amid the broader tech spending slowdown and other inflationary pressures. An Amazon Prime delivery van parked near the company’s Seattle’s headquarters features a new slogan related to what’s inside the vehicle.
New Amazon “S-team” member James Hamilton worked under Jassy as vice president and distinguished engineer for Amazon WebServices. Colleen Aubrey, SVP, Performance Advertising. Charlie Bell, SVP, Utility Computing Services. Paul Kotas, SVP, Advertising, Music & IMDb. GeekWire File Photo).
Google Cloud’s ad on the Las Vegas Sphere, overlooking Amazon re:Invent. That’s the debate after Google Cloud bought advertising space on the Las Vegas Sphere to send a message to attendees this week at the Amazon WebServices re:Invent conference, taking place on the next block over. See video below.
Amazon’s two big profit drivers, Amazon WebServices and advertising, posted year-over-year revenue growth of 17% and 24%, respectively. Amazon WebServices: Amazon’s cloud business was up 17% at $25 billion, with $9.4 Amazon recently launched new advertisements within its Prime Video platform.
Cloud Computing. Or should it make it easier to shift OpenStack clouds to Amazon WebServices and Google Compute Engine for companies that want to use both approaches in a hybrid infrastructure? If the future is hybrid, he argues, OpenStack must play with the dominant public clouds. Cloud APIs at Heart of Debate.
Cloud Computing » IBM. Continuing to sharpen its focus on enterprise cloud computing, IBM is joining forces with Pivotal to support CloudFoundry, the versatile platform as a service (PaaS) framework that allows developers to build applications that can run on multiple clouds. IBM, Pivotal Team to Boost CloudFoundry.
Amazon » Cloud Computing. Amazon WebServices announced it is dropping the prices of dedicated instances on EC2 cloud computing by up to 80 percent. Amazon WebServices announced it is dropping the prices of dedicated instances on EC2 cloud computing by up to 80 percent.
If you’re having problems buying items or logging in to Amazon.com this morning, you’re not alone, and thanks to the widespread use of Amazon WebServices, the problem isn’t limited to Amazon. Disney, League of Legends, Smartsheet, Canva and other online services are down or reporting problems for some customers.
. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” Amazon CEO Andy Jassy said in a statement.
The company reported strength in some of its products and services for businesses, led by a 22% increase in Microsoft Cloud revenue, to $27.1 This category includes Microsoft Azure, Office 365 Commercial, the commercial portion of LinkedIn, and other cloud-related revenue. Windows revenue fell 27% to $4.8
Amazon’s cloud computing business reported revenue of $21.3 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
(Madrona Venture Group Photo) — James Phillips , a former corporate vice president and president at Microsoft, joined Google Cloud as a vice president. He led teams working on various cloud-related services and platforms, including Dynamics 365, Power Platform, and the Azure AI Platform. chief research officer Leslie Wood.
The Seattle-based giant has surged amid the pandemic as more consumers turn to online shopping and companies rely on its cloud arm, Amazon WebServices. Its advertising and grocery delivery businesses are also gaining momentum, and streaming hours on Prime Video are up 70% year-over-year. billion, with $4.1
Amazon WebServices chief Andy Jassy will replace Bezos, who founded Amazon 27 years ago. The Seattle tech giant has surged amid the pandemic as consumers turn to online shopping and more people rely on its cloud arm, Amazon WebServices. Amazon WebServices: Amazon’s cloud business was up 28% at $12.7
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. Amazon WebServices revenue growth declined to 15.8% Wall Street analysts expect the company to report net sales (revenue) of $131.5
Amazon’s stock price soared last year to record-highs amid the pandemic as the company’s e-commerce, cloud computing, and advertising arms have boomed. He is stepping down as CEO later this year and will be replaced by Amazon WebServices chief Andy Jassy. He sold more than $7 billion last year.
The company’s cloud unit, Amazon WebServices, boosted its growth rate to 37%, with net sales of $14.8 Amazon’s “other” category, which includes advertising revenue, grew to $7.9 ” Related : Amazon’s advertising business is surging amid industry-wide ad sales boom for tech giants.
Amazon’s cloud computing division, AWS, is shifting its focus towards large language models (LLMs) and generative AI -based offerings as it continues to see a downward spiral in overall revenue growth. Amazon WebServices (AWS) posted a 16% year-on-year growth for the first quarter of fiscal year 2023 on the back of a revenue of $21.4
(GeekWire, Amazon, and LinkedIn Photos) Amazon named three additional executives to its senior leadership team Friday: Swami Sivasubramanian, a longtime AI leader for Amazon WebServices; Aicha Evans, CEO of Amazon-owned self-driving car company Zoox; David Brown, who oversees the key AWS Elastic Cloud Compute service, EC2.
Some have suggested that Microsoft has looked at purchasing high-profile online communities such as Pinterest and TikTok to attract clients to its Azure cloud platform. Pinterest uses Amazon WebServices, the market leader, as its cloud provider. Microsoft Azure trails AWS and Google Cloud is in third.
Expanding the Cloud â?? Today, Amazon WebServices has greater worldwide coverage with the launch of a new AWS Region in Sydney, Australia. All Things Distributed. Werner Vogels weblog on building scalable and robust distributed systems. introducing the Asia Pacific (Sydney) Region. By Werner Vogels on 12 November 2012 05:00 AM.
In my many conversations with customers, and with the media, I encountered surprise and excitement about the extent that European enterprises have already been using the Amazon WebServices for some time. Shell''s scientists, especially the geophysicists and drilling engineers, frequently use cloud computing to run models.
The US Securities and Exchange Commission has charged the would-be creator of a “decentralized” Amazon WebServices alternative with scamming investors out of millions. He compared the service to AWS and Microsoft’s Azure and said that Crowd Machine Compute Tokens (CMCTs) could be worth between $10 and $600 apiece.
billion, nearly doubling year-over year despite heavy spending in the December quarter, thanks to strong results in its cloud division and a gain of $11.8 Amazon WebServices, the company’s cloud division, posted $17.8 (GeekWire File Photo / Dan DeLong). Amazon posted profits of $14.3 billion, from $6.9
In a sign of the broader tech spending slowdown, revenue for Amazon WebServices grew just 20% in the fourth quarter, compared to 40% growth in the year-ago period. Amazon warned in October that companies were cutting their cloud spend and said that continued in Q4. Revenue from third-party seller services was up 20% to $36.3
Adobe: Adobe has temporarily stopped selling all its software and services in Russia. Creatives in government-controlled media (RT News, Sputnik) also no longer have access to the software company’s cloud offerings (Creative Cloud, Document Cloud, Experience Cloud). Höttges spoke of a “very humane solution.”.
For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon WebServicescloud business and revenue from advertising.
The IBM Cognos platform is advertised as providing users with the business intelligence and performance management content they need to understand what is needed to improve business and achieve better results. The Cognos platform supports cloud enablement so you have the flexibility to deploy your Cognos applications in the cloud.
If companies can train existing employees in areas such as cloud computing and cybersecurity, they can meet their needs in these areas and offer career opportunities for their workforces. HR is a necessary partner as we continue to ramp up our training opportunities,” she says. Suzie Smibert, CIO and EVP, OvareGroup. OvareGroup.
While online stores remain the company’s bread-and-butter, the growth in third-party seller fees and the “Other” category, which includes advertising, are notable trends. Earlier this week, Google Cloud reported revenue of $4.6 In the first quarter, AWS revenue was $13.5
Amazon WebServices: Amazon’s cloud business was up 29% at $11.6 Advertising: The company’s growing advertising arm doesn’t have its own category and is listed under a category called “Other.” Outlook: Amazon expects Q4 sales between $112 billion and $121 billion, up 28 to 38% year-over-year. billion, with $3.5
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