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The Latest Breaking News from Andy Jassy

Amazon cloud and ad revenue grows as shoppers remain cautious

San Francisco (AFP) - Online retail titan Amazon on Thursday reported that its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.

Amazon beats expectations in first quarter earnings as shares jump 11%

Amazon beats expectations in first quarter earnings as shares jump 11%

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth

The Guardian - US

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

Android Central

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Amazon shares surge as earnings beat expectations

San Francisco (AFP) - Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023.

Amazon stocks surge after Q1 revenue, profit wins

Amazon on Thursday reported a slowdown in its cloud computing unit AWS, but stronger-than-expected revenue and profits for the first quarter sent its stocks higher in after-hours trading

The Independent UK

Amazon Stock Slides As Softer Cloud Outlook Mars Q1 Earnings Beat

“There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,” said CEO Andy Jassy.

Amazon Made a Big Mistake (And It Could Hurt You)

The tech giant has struggled to live up to the delivery expectations of its customers.

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Amazon Earnings Preview: Cost Cuts, Retail Sales Strength, AWS Outlook In Focus

Amazon Earnings Preview: Cost Cuts, Retail Sales Strength, AWS Outlook In Focus

"I’m optimistic that we’ll emerge from this challenging macroeconomic time in a stronger position than when we entered it," Amazon CEO Andy Jassy told investors in his annual letter to shareholders.

Amazon's Newest Offering Directly Takes on Revolutionary Elon Musk Product

Amazon's Newest Offering Directly Takes on Revolutionary Elon Musk Product

Amazon is getting into this new market and pretty soon, it’s going to make you an offer.

A Shareholder Revolt at Amazon Reveals Potential Changes Ahead

A Shareholder Revolt at Amazon Reveals Potential Changes Ahead

This intriguing nugget in the company's annual proxy statement points to ongoing controversy over pay for executives, including CEO Andy Jassy.

AWS CEO warns of some potential big changes this year

AWS CEO warns of some potential big changes this year

Amazon’s not all that bothered about the short-term wobbles, it seems, as CEO Andy Jassy looks to the future.

Amazon CEO Has Bad News (Why It Hurts You Too)

Amazon CEO Has Bad News (Why It Hurts You Too)

Just because you don't work for Amazon doesn't mean this major change won't make your life worse.

Amazon Faces a Mind-boggling Dilemma (Why That’s Bad For You)

Amazon Faces a Mind-boggling Dilemma (Why That’s Bad For You)

The e-commerce giant is walking a fine line between appeasing customers and actually making money.

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Jassy had a smaller compensation package than Amazon founder Jeff Bezos in 2022, as well as peers in Big Tech like Apple's Tim Cook and Microsoft's Satya Nadella.

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Amazon is launching its new A.I. game plan

Amazon is joining the A.I. race with a strategy that differs from other tech giants’.

Amazon's Andy Jassy Issues a Chilly Warning About the Economy

In his annual letter to holders, Andy Jassy warns that AWS, Amazon's most profitable business, faces 'short-term headwinds.'

Investors Business Daily

Amazon Makes Its Swan Dive Into ChatGPT Artificial Intelligence Pool

Amazon stock jumped Thursday as the e-commerce giant made its move into the field of artificial intelligence, joining Alphabet and Microsoft.

Amazon CEO Andy Jassy is doubling down on his return to office mandate

Amazon’s New York and Austin offices reportedly won’t be ready to open until September, despite a mandate for staff to be back at their desks from May.

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Amazon CEO Andy Jassy has identified the business’ next frontiers

Catering to a range of Amazon customers' basic needs makes up part of Jassy's strategy moving forward.

Amazon CEO Has Some Bad News About the Economy

In his annual letter to holders, Andy Jassy warns that AWS, Amazon's most profitable business, faces 'short-term headwinds.'

The Independent UK

Amazon's Jassy says AI will be a 'big deal' for company

Amazon CEO Andy Jassy signaled confidence the company will get costs under control in his annual letter to shareholders

Amazon CEO Says Americans Are Using This Clever Tactic to Save Money

Reading the economic tea leaves has Americans changing how the shop on Amazon.

Digital Camera World

DPReview is being shut down by Amazon today – "what a waste" says founder

DPReview is closing after almost 25 years, and founder Phil Askey puts Amazon on blast for the baffling decision

Amazon warning as retailer to close popular online book shop

The online retailer giant announced the closure as they continue to shake up the business and make cuts in a bid to save money.

Birmingham Post

Amazon set to close its Book Depository online shop amid global job cuts

Gloucestershire-founded Book Depository was acquired by the retail giant in 2011

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