Amazon Tops Walmart In Annual Revenue For First Time
Amazon surpasses Walmart in annual revenue for the first time, reporting USD 716.9 billion versus Walmart’s USD 713.2 billion, as both companies expand AI and digital operations.
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Expect Short-Term Headwinds To Soften AWS’ Growth Rate: Amazon CEO Andy Jassy
- by BW Retail World Bureau
- April 14, 2023
Amazon CEO Andy Jassy on Thursday said that the cloud arm of the company, Amazon Web Services (AWS), is expected to face short-term headwinds which could impact its growth rate. Jassy said that the growth rate is expected to soften despite AWS growing 29 per cent year-over-year (YoY) in 2022 on a USD 62 billion […]