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Amazon’s outlook underwhelms as tech giant forecasts ‘lumpy’ cloud growth in years ahead
Amazon shares slid after the online-retail and cloud-services giant offered a first-quarter outlook that came up short of Wall Street’s expectations while forecasting bumpy trends in its cloud business.
Amazon beats quarterly revenue estimates, cloud growth lags
Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.
Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.
Amazon’s stock drops as earnings outlook underwhelms, cloud growth will be ‘lumpy’
The company called out an ‘unusually large, unfavorable impact’ from currency, which is expected to hit first-quarter results.
Amazon shares drop as cloud growth, sales forecast lag
By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness in the retailer's cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit.
2h
Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending
AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google ...
1d
Amazon (AMZN) Will Be Under Pressure to Deliver Strong Cloud Computing Results
Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...
1d
Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble
The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, ...
15h
Amazon Cloud Needs to Deliver After Microsoft, Alphabet Misses
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
USA Today
11h
Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft MSFT.O on Wednesday forecast disappointing growth in its
cloud computing
business, sending its shares down more ...
Impacts
14h
Redefining Cloud Efficiency: Pioneering Low-Latency Architectures for AI Applications
A renowned innovator in cloud computing and AI systems, Sandeep Konakanchi presents a groundbreaking framework for ...
1d
on MSN
Alphabet stock gets rocked after cloud computing and spending surprise: What Wall Street is saying
Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/105.JzBkOQ-g.js ...
Datacenter Dynamics
12h
British Gas teams up with heata to explore using cloud computing to warm homes
British Gas has signed an agreement with heata to explore using waste heat from servers in homes. The companies will be ...
InfoWorld
2d
Public cloud providers are missing the mark with AI
Burned by astronomical cloud bills, enterprises need a strategic road map that balances flexibility and control to unlock the ...
Impacts
3d
Innovating the Future: Cloud Computing and APIs Transform Banking
Technology is reshaping industries at a rapid pace, and banking is no exception. With its transformative research, Dorai ...
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