Connect with us

Hi, what are you looking for?

World

Amazon triples quarterly profit as cloud and ads grow

Amazon Fresh truck. Source: — SounderBruce, CC SA 2.0.
Amazon Fresh truck. Source: — SounderBruce, CC SA 2.0.

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.

The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion compared with a profit of $3.2 billion on $127.4 billion in sales in the same period a year earlier.

Amazone shares were up more than 3 percent in after-market trades that followed release of the earnings figures.

AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

You may also like:

Business

A digital ID is an online representation of an individual, which contains personal information.

Entertainment

Oscar-winning songwriter and screenwriter Dean Pitchford chatted about his induction into the Songwriters Hall of Fame.

Entertainment

‘Inside Out 2’ is a rarity in animation as its child character actually ages, introducing new complicated emotions.

World

Russian President Vladimir Putin dismissed the Summit on Peace in Ukraine as a 'trick' designed to distract attention - Copyright AFP NATALIA KOLESNIKOVA Robin...