Amazon's cloud unit faces cost-sensitive customers as economic fears mount [CNBC]
Expedia Group, Inc. (EXPE)
Last expedia group, inc. earnings: 2/13 04:01 pm
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Source: CNBC
But as corporations face the most daunting economic environment since the 2008 financial crisis, those massive checks they're writing to AWS for their tech infrastructure are getting greater scrutiny. Peter Kern, CEO of online travel company Expedia Group , sees the cloud as an area where his company can reduce its fixed costs. In recent years, Expedia has moved considerable parts of its operations to AWS from on-premises data centers. “We haven't fully optimized the cloud,” Kern said during the company's earnings call last month. “We've moved a lot of technology into the cloud, but we have a lot of work to do.” U.S. stocks are poised to close out their worst year since 2008. Central bankers have continued to lift interest rates to address rising prices, prompting skittishness about economic deterioration by consumers and businesses. Executives are in cash-preservation mode to appease Wall Street and make sure they're in position to weather a potential recession. The National
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EXPE
News
- Expedia Cruises Drops Anchor in Camillus [Yahoo! Finance]Yahoo! Finance
- Expedia Group (EXPE) Declined 9.3% Giving Back its Gains [Yahoo! Finance]Yahoo! Finance
- Klarna expands global partnership with Expedia Group, offering flexible payments to US consumers [Yahoo! Finance]Yahoo! Finance
- Vacation Rental Market To Reach USD 128.9 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Expedia Group Announces Two New Sustainable Travel Programs for Destinations [Yahoo! Finance]Yahoo! Finance
EXPE
Earnings
- 2/8/24 - Beat
EXPE
Sec Filings
- 4/17/24 - Form 4
- 4/5/24 - Form 4
- 4/2/24 - Form 4
- EXPE's page on the SEC website