Page 2 - Daniel Elman News Today

Jeff Bezos is stepping down as Amazon CEO, to be replaced by Andy Jassy from AWS CNN 2/3/2021 By Clare Duffy, CNN Business © Andrew Harrer/Bloomberg/Getty Images FILE: Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. Amazon.com Inc. founder Jeff Bezos, the worlds richest person, and his wife MacKenzie are divorcing after 25 years. Bezos, 54...

A boom in PC sales, surging demand for video gaming, and increased usage of the company’s cloud services combined to produce a 17 per cent surge in revenue, to $55.7 billion.

International Business Machines Corp. reported quarterly revenue that missed analysts’ estimates, signaling Chief Executive Officer Arvind Krishna’s turnaround plan will take more time to pan out. Sales fell 6.5% to US$20.4 billion in the three months ended Dec. 31, the Armonk, New York-based company said Thursday in a statement. That was below the US$20.75 billion analysts had forecast, on average, and marked the 10th consecutive quarter with no year-over-year increase in revenue. The share...

IBM Shares Tumble After Another Quarterly Revenue Decline Meanwhile, total cloud revenue increased 10 percent to $7.5 billion, the most revenue from cloud yet for IBM. Bloomberg | Jan 22, 2021 Brody Ford (Bloomberg) -- International Business Machines Corp. shares fell the most in 10 months after the company reported a greater sales decline in the fourth quarter than analysts had expected, signaling Chief Executive Officer Arvind Krishna’s turnaround plan may take more time. Sales fell...