Amazon blames disappointing results on fuel costs and lower demand

clock • 2 min read
Amazon greatly expanded its physical storage capacity to meet pandemic demand
Image:

Amazon greatly expanded its physical storage capacity to meet pandemic demand

But cloud computing business continues to grow strongly

Amazon's stock dropped sharply in late trading Thursday after the company's first-quarter results and outlook disappointed investors. Both the company's core online retailing division and its ad...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Decoding the bat signal: How machine learning is helping conserve bats and their habitats

Artificial Intelligence

Acoustic data that once took years to decipher can now be analysed in days

clock 04 June 2024 • 6 min read
Microsoft to cut jobs in Azure and mixed reality, report

Corporate

Another round of layoffs at the Redmond giant

clock 04 June 2024 • 1 min read
UK cloud market consolidating around two major players, CMA says

Cloud and Infrastructure

AWS remains the market leader but Microsoft steals the show with growth and new customers

clock 29 May 2024 • 2 min read

More on Finance and Reporting

Apple revenues fall - but not by as much as expected

Apple revenues fall - but not by as much as expected

Investors cheered by better-than-expected results and stock buyback

John Leonard
clock 03 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft and Google see AI investments bearing fruit

John Leonard
clock 26 April 2024 • 4 min read
Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read