Monday, October 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp Releases New AQUOS 8K LCD TVs With 8K Satellite Tuner
Online Political Ads Transparency Project Tackles Archives Built by Social Media Companies
Call of Duty: Black Ops 4 Delivers Biggest Launch Day One Digital Sales in Activision History
Samsung Mobile CEO Confirms New Foldable Phone will Also be a Tablet
Hackers Stole Phone Number and Email Details of 29 Million Facebook Users
TSMC Said to be the Sole Maker of the 7nm Apple A13 Chips
Samsung Chromebook Plus V2 Gets "Always On" LTE Connectivity
Intel Further Reduces Stake in EUV Equipment Maker ASML
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Amazon ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 27, 2018
Amazon Reports High Earnings on Cloud Computing and Advertising


Amazon.com Inc forecast strong fall sales and posted a profit that was double market expectations on Thursday thanks to the retailer's higher-earning businesses, including cloud computing and advertising.

The world's largest online retailer has increasingly learned to compensate for the high costs of fast package delivery and video streaming by controlling expenses and building up higher-profit businesses. It was the first mover in the business of selling data storage and computing power in the cloud.

The company is also working to ship food from Whole Foods Market stores across the United States, in an ambitious attempt to bring groceries into the age of online retail.

The company said it expects an operating profit between $1.4 billion and $2.4 billion, up from $347 million a year earlier. The company also reported a second-quarter profit of $2.5 billion, its largest ever.

"A big contributor to the quarter and the last few quarters obviously has been strong growth in our highest profitability businesses and also advertising," Brian Olsavsky, Amazon's chief financial officer, said on a call with media. "We've seen a greater-than-expected efficiency in a lot of our spend in things like warehouses, data centers, marketing."

Highly profitable ad sales were a bright spot last quarter. The company said revenue from the category and some other items grew 132 percent to $2.2 billion.

The company is working to automate tasks for advertisers and to help media buyers measure the results, Olsavsky said.

Key to its allure has been that advertisers' placements result directly in sales, reaching customers on Amazon with an intent to shop.

Amazon Web Services (AWS) saw its operating profit margin expand from a year earlier. Sales picked up speed from the year prior, too, rising 49 percent to $6.1 billion.

Prime members spend above average on Amazon. The company said it now expects third-quarter sales of between $54 billion and $57.5 billion, up from $43.7 billion a year earlier.

Total net sales for the second quarter rose 39 percent to $52.9 billion, missing the average analyst estimate of $53.4 billion.



Previous
Next
Intel Claims Progress on 10nm Yields But Pushes back Release Schedule        All News        Samsung Teases With Battery Features of Upcoming Galaxy Note 9
SK Hynix to Build New Semiconductor Fabrication Plant in Icheon     General Computing News      Smart Displays With Google Assistant Are Now Available

Get RSS feed Easy Print E-Mail this Message

Related News
Apple, Amazon Deny Report on Chinese Hardware Attack
Amazon Introduces Amazon Fire TV Stick 4K and New Alexa Voice Remote with Device Control
Amazon Raises Minimum Wage to $15
Tech Giants Back Federal Privacy Safeguards
Amazon Announces New Echo Devices, New Alexa Features
Amazon Introduces New Fire HD 8 with Alexa Hands-Free and New Fire HD 8 Kids Edition
Amazon's Huge Client Base Attracts More Online Advertisers
Amazon to Release Live TV Recorder
Korea to Tax Google, Apple, Amazon
Amazon.com Faced Problems During Prime Day
Amazon to Compete With Cisco in Networking Equipment: report
Amazon Introduces Show Mode for Fire Tablets, New Show Mode Charging Dock and New Fire HD 10 Kids Edition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .