SEATTLE — Amazon.com Inc. reported third-quarter revenue and earnings that topped analysts’ forecasts, and the e-commerce giant said it expects fourth-quarter net sales to be between $160 billion and $167 billion, which would be an increase of between 7% and 12% compared with the fourth quarter of 2022. For the fiscal third quarter ended September
SEATTLE — Amazon.com Inc. reported net sales of $134.4 billion in the second quarter of fiscal 2023, an 11% increase compared to the same period in 2022 when net sales stood at $121.2 billion. Sales in North America totaled $82.5 billion for the quarter, up 11% versus the prior year period, while the company’s international sales
SEATTLE — Amazon Web Services, Inc. (AWS), an Amazon.com, announced the AWS Generative AI Innovation Center, a new program designed to help customers successfully build and deploy generative artificial intelligence (AI) solutions. AWS said it is investing $100 million in the program, which will connect AWS AI and machine learning (ML) experts with customers around
In the conclusion of a two-part Video Forum interview, Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, talks about the AWS business model and shares his views on the role of technology in the drive toward greater personalization, the need to rethink the supply chain in the wake of
SEATTLE — Amazon.com posted profits of $2.5 billion for the second quarter, up from $197 million a year earlier, on revenue of $52.9 billion. Operating profit margin came in at 5.6%. It was the third consecutive quarter in which Amazon posted profit of $1 billion or more, extending its profitability streak to three years. Amazon