Amazon belt-tightening produces strong cloud and e-commerce results

Quick Summary:

The online store business and advertising sales beat expectations.

Microsoft, meanwhile, forecast slower quarterly cloud revenue growth, reflecting the company’s struggle to bring data centres online fast enough to keep up with demand for AI services.

Total third-quarter revenue increased 11 per cent to US$158.9 billion (S$210 billion), the company said on Oct 31 in a statement, exceeding estimates.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Services Unit Amazon Company Cent Revenue Sales Billion Growth Quarter Cloud

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 08:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 660 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23358341

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 35 minutes ago

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Publisher ID: #25

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