New Amazon CEO will have cloud and ads in his cart

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New Amazon boss Andy Jassy can’t neglect the huge e-commerce business, but fast-growing cloud services and advertising are also in his cart, rob_cyran argues.

Amazon.com said on July 29 that second-quarter revenue was $113 billion, an increase of 27% from the same quarter last year. The company earned $15.12 per share, compared with $10.30 per share a year ago.

On July 5, Andy Jassy took over as chief executive, with founder Jeff Bezos becoming executive chairman. Jassy was formerly the head of Amazon Web Services, the company’s cloud-services division.An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, U.S., June 21, 2021.

 

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