Amazon beats estimates for quarterly cloud revenue growth

Amazon beats estimates for quarterly cloud revenue growth  Reuters

July 30 : Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company's hefty investments were bearing fruit. Revenue at its cloud computing unit, Amazon Web Services, jumped 37 per cent to $42.2 billion in the second quarter

Event contracts revenue rose more than 10x year-over-year to $156 million, helping drive a 32% gain in total net revenues

Canada Goose beat Wall Street expectations for first-quarter revenue on Thursday, helped by steady demand for its seasonal collections including lightweight jackets and t-shirts.

Microsoft reported strong cloud revenue growth and increased paid AI users. Azure revenue surpassed one hundred billion dollars for the first time. Microsoft 365 Copilot now has over thirty million paid seats. Investors are observing returns from significant artificial intelligence spending. The company's shares sa

Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.