Investors want to know how Amazon Web Services stands up against those of Microsoft and Google, which last week both reported slowed growth in their cloud businesses
on Monday said it hit record delivery speeds in the United States in the second-quarter while continuing to cut costs, as investors look for signs of growth in its e-commerce business when it reports its Q2 financials on Thursday.
“There is potential for cloud computing, including Microsoft’s Azure, Google Cloud and AWS, to materially benefit from companies interested in artificial intelligence,” said Tom Forte, a senior research analyst at financial firm D.A. Davidson Companies. Investors are also looking to see how Amazon’s advertising business intersects with more language models and generative AI. The company’s advertising business was seeing “robust growth” due to its machine learning investment, Chief Executive Andy Jassy said in the first-quarter earnings call.
Net sales of Amazon’s advertising business in the first quarter were $9.51-billion. Investors expect the company’s advertising segment will increase to $10.3-billion in the second-quarter, according to estimates from Refinitiv. Doug Herrington, Amazon chief executive of Worldwide Stores, said in a statement on Monday that creating a regional fulfilment network, placing products closer to shoppers and expanding its same-day delivery has reduced costs for consumers and the company.
Amazon’s profit margin was 46.77 per cent in the first-quarter but analysts expected a margin of 46.53 per cent in the second-quarter, according to Refinitiv.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: Why HODLing is no longer the norm for long-term BTC investorsThe sharp drop in unmoved supply suggested that long-term holders were liquidating their BTC holdings, signaling a shift away from HODLing.
Read more »
Opinion: Canada’s unilateral push for digital-services tax could sink its U.S. trade dealCanada’s trade relationship with the United States could be in serious jeopardy if we pursue a digital services tax on tech giants
Read more »
What MakerDAO’s new proposal means for its investorsThe MakerDAO community passed proposal GOV12.1.2 to introduce the Enhanced Dai Savings Rate (EDSR). While this happened, MKR’s price shot up by 15%.
Read more »
Litecoin investors on a buying spree as halving nearsMid-tier holders of Litecoin have been on an accumulation spree, underlining bullish expectations from the halving event in the coming week.
Read more »
Province announces new system to help modernize ambulance servicesTo help modernize ambulance services and create greater efficiency in emergency response operations, the province has announced that ambulances in the eastern zone have been equipped with a new electronic Patient Care Record (ePCR) system. The system replaces outdated paper-based reporting with modern tablet computers. The new system includes instantaneous creation of clinical reports, and […]
Read more »
The Week Ahead: Canadian jobs, auto sales data due - BNN BloombergA look at what investors will be watching in the upcoming week.
Read more »