Amazon operating income drops and AWS margins contract

Amazon issued a press release on their third quarter results after the market closed. Revenue increased by 24% to $70B, but operating income was down and margins for AWS and North America contracted. In terms of cloud Microsoft Azure grew 59% YoY in the previous quarter. Microsoft is definitely catching up, and there might be […]

Microsoft Cloud Strength Drives First Quarter Results

Microsoft issued a press release on its 2020 first quarter results after the markets closed with the following bullet points. Revenue was $33.1 billion and increased 14% Operating income was $12.7 billion and increased 27% Net income was $10.7 billion and increased 21% Diluted earnings per share was $1.38 and increased 21% The figures below […]