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Stockreport

Amazon Web Services CEO: We're on track to hit $100 billion in sales in 2024 [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
"This quarter, we just announced a few days ago that AWS did hit the $100 billion annualized revenue run rate milestone — not many tech companies have done that," AWS CEO Adam Selipsky said on the Opening Bid podcast (video above). Added Selipsky, "I think it's a notable milestone." Powered by voracious demand for generative AI services and the ongoing push to move workloads to the cloud, Amazon's enterprise cloud operation is fresh off a bang-up first quarter. AWS sales accelerated for the second straight quarter, rising 17% year over year to $25 billion. The business — which Amazon CEO Andy Jassy hired Selipsky to run in 2021 — saw operating profits nearly double to $9.4 billion. The division represented about 62% of Amazon's Q1 operating profits. Selipsky contends that with 85% of companies still storing their data on-premise, the tailwinds for AWS are just beginning to gust. "We're optimistic about the business outlook for AWS and I think it can continue to grow reall [Read more]
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Stockreport

Amazon Web Services CEO: We're on track to hit $100 billion in sales in 2024 [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
"This quarter, we just announced a few days ago that AWS did hit the $100 billion annualized revenue run rate milestone — not many tech companies have done that," AWS CEO Adam Selipsky said on the Opening Bid podcast (video above). Added Selipsky, "I think it's a notable milestone." Powered by voracious demand for generative AI services and the ongoing push to move workloads to the cloud, Amazon's enterprise cloud operation is fresh off a bang-up first quarter. AWS sales accelerated for the second straight quarter, rising 17% year over year to $25 billion. The business — which Amazon CEO Andy Jassy hired Selipsky to run in 2021 — saw operating profits nearly double to $9.4 billion. The division represented about 62% of Amazon's Q1 operating profits. Selipsky contends that with 85% of companies still storing their data on-premise, the tailwinds for AWS are just beginning to gust. "We're optimistic about the business outlook for AWS and I think it can continue to grow reall [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS