AWS
Amazon Invests $ 1.2 Bn To Combat Fraud, Counterfeiting In 2023
Brands Companies E-commerce & Marketplaces Finance News

Amazon Q4 Revenue Surges Fueled By Generative AI Growth

Amazon.com exceeded revenue projections, sparking an immediate surge of up to 8 per cent in its shares during post-market trading. The ecommerce and cloud giant attributed this success to the robust adoption of generative AI features across its cloud and online retail operations during the critical holiday period. The company’s cloud arm, Amazon Web Services […]

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Amazon's Karigar Mela To Showcase India's Sustainable Crafts
Companies E-commerce & Marketplaces Finance News

Amazon Q3 Revenue Beats Expectations, Up 13% To $143.1 Bn

Amazon posted its third quarter revenue rose beating street estimates. The tech giant revenue increased by 13 per cent to USD 143.1 billion, which is USD 2 billion higher than analyst expectations of USD 141 billion, Reuters reported Amazon’s net income rose to USD 9.9 billion in the third quarter from USD 2.87 billion in […]

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Brands E-commerce & Marketplaces

Expect Short-Term Headwinds To Soften AWS’ Growth Rate: Amazon CEO Andy Jassy

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 […]

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