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Amazon predicts higher holiday season sales, cloud stabilizing

Amazon.com on Thursday (Oct 26) said growth in its cloud business is stabilising as it signed new deals, but warned that consumers remained wary about spending going into the holiday quarter. The company predicted a rise in revenue over the key holiday season that could still miss Wall Street expectations,
United States Sophie Lund Yates Zak Stambor Hargreaves Lansdown Andy Jassy Amazon Web Services

Amazon reports better-than-expected revenue and profits for the third quarter

Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. In a prepared statement, Amazon CEO Andy Jassy said the company had a strong quarter as its advertising business grew robustly and it improved its delivery speed. Deliveries to Amazon's Prime customers have been getting faster under a model where warehouses in eight regions across the country serve smaller areas.
Andy Jassy Lina Khan Amazon Web Services Prime Day Federal Trade Commission Big Tech
Source: yahoo.com

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