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Amazon reports record profits in last quarter of 2020

Amazon reports record profits in last quarter of 2020
According to Amazon’s latest financial disclosures, the giant international conglomerate recorded unprecedented profits and revenue in the last three months of 2020, as the pandemic sent its sales soaring, and the company continued expanding its operations around the globe.
In these disclosures, made available last month, Amazon reported a fourth-quarter profit of $7.2 billion, more than double what was expected by analysts. This raised its 2020 full-year profits to $21.3 billion, the highest level in company history. This compared to $17.4 billion in 2019 and $13.2 billion in 2018.
For hundreds of millions of people, the coronavirus pandemic has been an extreme hardship and an economic disaster, punctuated by funerals of loved ones and other tragedies. But for the corporate-financial oligarchy in control of giant corporations like Amazon, it has been a cash bonanza like nothing they have ever seen before. ....

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Why Microsoft Azure wins with enterprise customers

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Why Microsoft Azure wins with enterprise customers
In the cloud wars, Microsoft often comes off as second best to Amazon Web Services. But when it comes to established enterprises, Azure wins more often than not. Here’s why
Satya Nadella (Microsoft)
Credit: Microsoft
As the old IT truism goes, nobody ever got fired for buying IBM. Now, in the cloud era, many are starting to apply the same logic to another well-known vendor: Microsoft.
For enterprises with extensive Microsoft footprints spanning Office, Windows, Dynamics, Outlook, and other popular business applications turning to Microsoft Azure services as part of a cloud strategy can certainly look like the path of least resistance. ....

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Why Microsoft Azure wins with enterprise customers

Why Microsoft Azure wins with enterprise customers
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Amazon Reports Record Sales in Holiday Quarter — Update

Amazon Reports Record Sales in Holiday Quarter — Update
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Amazon Reports Record Sales in Holiday Quarter

The e-commerce giant capped off its pandemic-fueled 2020 financial performance with record quarterly sales driven by a surge in year-end online shopping. ....

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