Breaking News

Geometric Future Unveils Model 3 Case, Eskimo Plus 36 AIO, and Squama 3003-12 Fans ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Amazon Reports High Earnings on Cloud Computing and Advertising

Amazon Reports High Earnings on Cloud Computing and Advertising

Enterprise & IT Jul 27,2018 0

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.

Tags: Amazon
Previous Post
Intel Claims Progress on 10nm Yields But Pushes back Release Schedule
Next Post
Samsung Teases With Battery Features of Upcoming Galaxy Note 9

Related Posts

  • AWS introduces Graviton5 CPU

  • Crucial UK Amazon Tech Week Promos - May 2025

  • Crucial UK - Amazon Prime Deals

  • Crucial UK Amazon Prime Deals July 2024

  • Amazon and Anthropic Announce Strategic Collaboration to Advance Generative AI

  • Amazon Introduces Its Most Powerful Fire TV Sticks, Echo Show 8, Echo Hub, Echo Frames and eero Max 7

  • Amazon Introduces Blink Outdoor 4—Even Better Image Quality, Same Long Battery Life

  • Amazon Sues Online Stores Selling Pirated DVDs

Latest News

Geometric Future Unveils Model 3 Case, Eskimo Plus 36 AIO, and Squama 3003-12 Fans
Cooling Systems

Geometric Future Unveils Model 3 Case, Eskimo Plus 36 AIO, and Squama 3003-12 Fans

ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition
GPUs

ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition

Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag
Smartphones

Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag

Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions
Cameras

Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions

Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition
Gaming

Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed