Amazon's cloud sales growth slows for first time in years

By

Push for one-day delivery dents profits.

Amazon's cloud sales growth slows for first time in years
Amazon.com Inc on Thursday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending on one-day delivery to spark sales growth. The company also said its investment in faster shipping was starting to pay off, with ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

How NAB unwound Teradata's 'tentacles' to decommission it

How NAB unwound Teradata's 'tentacles' to decommission it

ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire

NAB brings Pete Steel into new digital, data and AI exec role

NAB brings Pete Steel into new digital, data and AI exec role

NAB approved to use serverless in data environment

NAB approved to use serverless in data environment

Log In

  |  Forgot your password?