Amazon more than doubles profit in first quarter

Bengaluru — Amazon.com on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store that might limit its windfall.

CFO Brian Olsavsky said Amazon was still reaping rewards from its hiring and investments in warehouses and other infrastructure in prior years. The news marks a familiar refrain for the world's largest online retailer. For years, Amazon has made expensive bets on new technology and programmes, such as its $13.7b n purchase of Whole Foods Market in 2017 to become a player in the US grocery business.Amazon's investments had long meant a low profit margin.

But Amazon expects some of that profit from these ventures to dwindle away as it ramps up investments later this year.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon and French retailer Casino forge stronger tiesAmazon is installing pick-up lockers in Casino stores and making more of the French company's products available on Amazon
Source: BDliveSA - 🏆 12. / 63 Read more »

Pink will no longer post photos of kids onlineThe singer has pledged to stop sharing photos of her two children online when trolls slammed her and even threatened to report her to children's services. Okay what are we supposed to do with this peace of news ? Will she help the price of food and petrol to go down
Source: ewnupdates - 🏆 30. / 53 Read more »

NZealand, France announce bid to end violent extremism onlineNew Zealand and France will bring together global leaders at a Paris summit next month aimed at stopping social media being used to organise and promote terrorism, the countries' leaders have announced. If fb can tell who the first people were who switched on to the 'live stream', we could have the names of a terrorists cell.
Source: News24 - 🏆 4. / 80 Read more »

28 breakthrough online companies to watch in SASPONSORED | From ecommerce platforms to tour operators, here’s a round-up of the 28 most innovative online businesses to watch. And yet you missed Kubaservices and Yoco
Source: TimesLIVE - 🏆 28. / 59 Read more »

Mueller report tops Amazon bestseller chartsTopping the Amazon list is a version of the Special Counsel Robert Mueller report being published by Scribner in collaboration with The Washington Post, which is owned by Amazon founder Jeff Bezos.
Source: mailandguardian - 🏆 2. / 92 Read more »

Where to stream Game of Thrones online in South AfricaSPONSORED | Set up a meeting with Game of Thrones at Westeros with you and your laptop or smart TV ShowmaxOnline When did television programs become news?
Source: BDliveSA - 🏆 12. / 63 Read more »

Lesufi to announce online school admissions opening date this weekend
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Do not spend your money with THESE online sitesBefore you go online to buy aluminium windows, leather shoes or furniture online, or to book a company to move your household contents, best you heed the ombudsman for consumer goods and services' warning about the dodgy operators who'll take your money and then fail to deliver.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Do not spend your money with THESE online sitesBefore you go online to buy aluminium windows, leather shoes or furniture online, or to book a company to move your household contents, best you heed the ombudsman for consumer goods and services' warning about the dodgy operators who'll take your money and then fail to deliver.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Illegal logging in Brazil turns Amazon into a powder kegAccording to Para-based conservation group Imazon, deforestation in the Amazon increased 54% in January — the first month President Bolsonaro was in office — as compared with a year earlier.
Source: mailandguardian - 🏆 2. / 92 Read more »

Editorial - Mail & GuardianEDITORIAL: The scale of the response to Notre Dame dwarfed the global response to other tragedies such as the millennia of irreplaceable of history contained within the walls of Brazil’s National Museum, which last year was itself the victim of a fire.
Source: mailandguardian - 🏆 2. / 92 Read more »