Breaking News

ASUS Republic of Gamers Announces ROG NUC (2025) Gaming Mini PC Kioxia Broadens 8th Generation BiCS FLASH SSD Portfolio ASUS Announces Pro WS Platinum Series Power Supplies Razer Hammerhead V3 Wired Earbuds Bring Premium Sound and Comfort to Every Device ASUS ROG Unveils ROG Astral GeForce RTX 5080 Dhahab CORE OC Edition

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Amazon Reports High Earnings on Cloud Computing and Advertising

Amazon Reports High Earnings on Cloud Computing and Advertising

Enterprise & IT Jul 27,2018 0

Amazon.com Inc forecast strong fall sales and posted a profit that was double market expectations on Thursday thanks to the retailer's higher-earning businesses, including cloud computing and advertising.

The world's largest online retailer has increasingly learned to compensate for the high costs of fast package delivery and video streaming by controlling expenses and building up higher-profit businesses. It was the first mover in the business of selling data storage and computing power in the cloud.

The company is also working to ship food from Whole Foods Market stores across the United States, in an ambitious attempt to bring groceries into the age of online retail.

The company said it expects an operating profit between $1.4 billion and $2.4 billion, up from $347 million a year earlier. The company also reported a second-quarter profit of $2.5 billion, its largest ever.

"A big contributor to the quarter and the last few quarters obviously has been strong growth in our highest profitability businesses and also advertising," Brian Olsavsky, Amazon's chief financial officer, said on a call with media. "We've seen a greater-than-expected efficiency in a lot of our spend in things like warehouses, data centers, marketing."

Highly profitable ad sales were a bright spot last quarter. The company said revenue from the category and some other items grew 132 percent to $2.2 billion.

The company is working to automate tasks for advertisers and to help media buyers measure the results, Olsavsky said.

Key to its allure has been that advertisers' placements result directly in sales, reaching customers on Amazon with an intent to shop.

Amazon Web Services (AWS) saw its operating profit margin expand from a year earlier. Sales picked up speed from the year prior, too, rising 49 percent to $6.1 billion.

Prime members spend above average on Amazon. The company said it now expects third-quarter sales of between $54 billion and $57.5 billion, up from $43.7 billion a year earlier.

Total net sales for the second quarter rose 39 percent to $52.9 billion, missing the average analyst estimate of $53.4 billion.

Tags: Amazon
Previous Post
Intel Claims Progress on 10nm Yields But Pushes back Release Schedule
Next Post
Samsung Teases With Battery Features of Upcoming Galaxy Note 9

Related Posts

  • Crucial UK Amazon Tech Week Promos - May 2025

  • Crucial UK - Amazon Prime Deals

  • Crucial UK Amazon Prime Deals July 2024

  • Amazon and Anthropic Announce Strategic Collaboration to Advance Generative AI

  • Amazon Introduces Its Most Powerful Fire TV Sticks, Echo Show 8, Echo Hub, Echo Frames and eero Max 7

  • Amazon Introduces Blink Outdoor 4—Even Better Image Quality, Same Long Battery Life

  • Amazon Sues Online Stores Selling Pirated DVDs

  • AMD Showcases Leadership Cloud Performance with New Amazon EC2 Instances Powered by 4th Gen AMD EPYC Processors

Latest News

ASUS Republic of Gamers Announces ROG NUC (2025) Gaming Mini PC
Gaming

ASUS Republic of Gamers Announces ROG NUC (2025) Gaming Mini PC

Kioxia Broadens 8th Generation BiCS FLASH  SSD Portfolio
Enterprise & IT

Kioxia Broadens 8th Generation BiCS FLASH SSD Portfolio

ASUS Announces Pro WS Platinum Series Power Supplies
PC components

ASUS Announces Pro WS Platinum Series Power Supplies

Razer Hammerhead V3 Wired Earbuds Bring Premium Sound and Comfort to Every Device
Consumer Electronics

Razer Hammerhead V3 Wired Earbuds Bring Premium Sound and Comfort to Every Device

ASUS ROG Unveils ROG Astral GeForce RTX 5080 Dhahab CORE OC Edition
GPUs

ASUS ROG Unveils ROG Astral GeForce RTX 5080 Dhahab CORE OC Edition

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Noctua NH-D15 G2

Noctua NH-D15 G2

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed