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

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

Push for one-day delivery dents profits.

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:
amazon aws cloud finance

Sponsored Whitepapers

Building a ransomware remediation backup strategy
Building a ransomware remediation backup strategy
Forrester's Asia Pacific Predictions 2021 Guide
Forrester's Asia Pacific Predictions 2021 Guide
Adopting a Next-Generation Data Security Approach
Adopting a Next-Generation Data Security Approach
How to be a SOAR winner
How to be a SOAR winner
3 steps to a well-rounded cybersecurity plan
3 steps to a well-rounded cybersecurity plan

Events

Most Read Articles

COVIDSafe data 'incidentally' collected by intelligence agencies in first six months

COVIDSafe data 'incidentally' collected by intelligence agencies in first six months
Long list of vulnerable Fortinet SSL VPNs published

Long list of vulnerable Fortinet SSL VPNs published
Telstra, ANZ, NAB redefine their future workspaces

Telstra, ANZ, NAB redefine their future workspaces
Optus launches Singtel's Gomo mobile brand in Australia

Optus launches Singtel's Gomo mobile brand in Australia
You must be a registered member of iTnews to post a comment.
| Register

Log In

Username / Email:
Password:
  |  Forgot your password?