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BBCNEWS Asia Business Report June 4, 2024 00:32:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:32:00

Amazon's results show it's firing on all cylinders. it turned in a strong online retail performance and registered higher sales at its cloud computing business. revenue for the second quarter rose ii%. investors liked what they heard. shares in the seattle—based company, already up 50% before these earnings this year, rose on the news. now, ahead of the quarterly earnings, there were some concerns about people shopping less because of inflation, but ceo andy jassy�*s focus on increasing delivery speeds and keeping a lid on the company's costs seemed to pay dividends. its tv showjury duty m...

BBCNEWS Asia Business Report June 4, 2024 23:33:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 23:33:00

But ceo andy jassy�*s focus on increasing delivery speeds and keeping a lid on the company's costs seems to pay dividends. its tv showjury duty made emmy history by becoming the first ad—based video—on—demand show to get nominated, while sales of its all—important aws unit, which houses its cloud business, rose i2%. following strong performances by the likes of rivals meta and microsoft in this category, this really was a case of the tide lifting all boats. but it also shows that amazon's cloud business is still the king of thejungle, the dominant player, both for the whole industry ...