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

7 guidelines to deliver tangible results quickly
7 guidelines to deliver tangible results quickly
Power your firm's intelligent digital workplace with digital document processes
Power your firm's intelligent digital workplace with digital document processes
Give your employees a positive UX
Give your employees a positive UX
Customer Identity and Access Management for Dummies
Customer Identity and Access Management for Dummies
Modernise Government Agencies with Oracle's next-generation cloud services
Modernise Government Agencies with Oracle's next-generation cloud services

Events

Most Read Articles

Major banks' online services, airline systems go down

Major banks' online services, airline systems go down
Akamai routing error caused widespread outages

Akamai routing error caused widespread outages
Labor introduces bill to mandate ransomware payment reporting

Labor introduces bill to mandate ransomware payment reporting
Future NBN pricing may have more options and constraints

Future NBN pricing may have more options and constraints

Log In

Email:
Password:
  |  Forgot your password?