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Departing Amazon cloud chief Adam Selipsky will walk away from millions in compensation

His remaining restricted stock units, valued in the tens of millions, would have taken several more years to fully vest......»»

Category: topSource: bizjournalsMay 16th, 2024

Amazon To Invest $9B In Singapore Cloud Infrastructure, Doubling Its Current Investment

Amazon.com has announced a $9 billion investment in expanding its cloud computing infrastructure in Singapore. This decision comes as part of a broader trend of global tech companies increasing their presence in Southeast Asia. read more.....»»

Category: blogSource: benzingaMay 7th, 2024

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud — and it seems to be paying off

Am.....»»

Category: personnelSource: nytMay 1st, 2024

Amazon"s cloud division has its most profitable quarter ever

The Seattle-based tech giant reported its first quarter earnings on Tuesday, beating Wall Street estimates nearly across the board......»»

Category: topSource: bizjournalsApr 30th, 2024

Is Amazon Stock Worth Buying Ahead of Q1 Earnings?

Amazon (NASDAQ: AMZN) is scheduled to report first-quarter 2024 results on Apr 30. The company has been rising on its dominant position in the online retail and cloud computing markets. It has been benefiting from the solid momentum across Prime and Am.....»»

Category: earningsSource: benzingaApr 26th, 2024

Amazon to Open More Cloud Centers in Southeast Asia for Better Data Protection

Amazon plans to establish cloud regions in Southeast Asia to meet customer demands for local data storage, investing $6 billion in Malaysia by 2037. read more.....»»

Category: blogSource: benzingaApr 24th, 2024

Google fires 28 employees who protested Israel cloud contract

The protests, organized by the No Tech for Apartheid campaign, raised concerns about Google and Amazon's $1.2 billion contra.....»»

Category: topSource: latimesApr 18th, 2024

The Pentagon may axe its $10 billion JEDI cloud-computing contract with Microsoft because of endless litigation from Amazon, a report says

Microsoft won the $10 billion JEDI contract in 2019 to store and manage sensitive military and defense data. Amazon has objected .....»»

Category: personnelSource: nytMay 11th, 2021

Court Battle With Amazon May Force Pentagon To Scrap "JEDI" Cloud-Computing Program

Court Battle With Amazon May Force Pentagon To Scrap 'JEDI' Cloud-Computing Program Has Jeff Bezos overpowered the Pentagon with legal firepower? Amazon's leg.....»»

Category: blogSource: zerohedgeMay 10th, 2021

Prime Day is coming, use of the cloud is soaring and other factors driving Amazon’s surge

Amazon reported first-quarter profit of $8.1 billion, compared to $2.5 billion the year before. Revenue jumped 44% to $108.5 billion, and Amazon said revenue will remain at that level in the second quarter, in part b.....»»

Category: topSource: chicagotribuneApr 30th, 2021

Amazon sales top $108B as Bezos touts Prime and cloud growth

Amazon's sales soared as CEO Jeff Bezos prepares to step aside for his successor Andy Jassy......»»

Category: topSource: foxnewsApr 30th, 2021

Amazon trumpets streaming prowess alongside record first-quarter profits

The company reported net sales that were up 44% year over year. Amazon Web Services, its cloud business, also saw significant growth......»»

Category: topSource: bizjournalsApr 29th, 2021

Amazon sets new sales record as Bezos touts Prime and cloud growth

The majority of those sales came from the North America segment, which reported total revenue of $63.4 billion, up from $46.1 billion a year ago, and operating i.....»»

Category: topSource: foxnewsApr 29th, 2021

Court rejects motion to dismiss JEDI allegations, allowing Amazon to argue for depositions

Microsoft and the Defense Department had asked the court to dismiss allegations that President Donald Trump improperly interfered in the Joint Enterprise Defense Infrastructure contract, a $10 billion military cloud project......»»

Category: topSource: washpostApr 28th, 2021

Court rejects motion to dismiss JEDI allegations, allowing Amazon to seek depositions

Microsoft and the Defense Department had asked the court to dismiss allegations that President Donald Trump improperly interfered in the Joint Enterprise Defense Infrastructure contract, a $10 billion military cloud project......»»

Category: topSource: washpostApr 28th, 2021

Cloud, Retail Sales In Focus as Amazon Earnings Near, But Regulatory Concerns Also Loom

At this point, it’s hard to build up much suspense for Amazon’s (NASDAQ: AMZN) earnings. That&rsq.....»»

Category: earningsSource: benzingaApr 27th, 2021

Amazon to prioritize women- and minority-owned retailers at HQ2

Amazon.com Inc. plans to prioritize leasing retail space at its D.C.-area offices to businesses owned by people from historically underrepresented groups, an official with the e-commerce and cloud computing giant said recently. “We're still in the.....»»

Category: topSource: bizjournalsApr 27th, 2021

Dish stock rallies after 5G deal with Amazon"s AWS

Amazon.com Inc. and Dish Network Corp. struck a deal that will make Amazon's AWS Dish's preferred cloud provider. Dish plans to build its 5G network on AWS through t.....»»

Category: topSource: marketwatchApr 21st, 2021

Amazon names former exec Adam Selipsky as new AWS head

Amazon.com Inc. on Tuesday named Adam Selipsky as the next chief executive of its powerhouse AWS cloud division. Selipsk.....»»

Category: topSource: marketwatchMar 23rd, 2021

Amazon names Adam Selipsky the incoming CEO of its $40 billion cloud business

Amazon named Adam Selipsky, a former executive and CEO of Tableau Software, as the incoming head of its cloud business. Adam Selipsky is the incoming CEO o.....»»

Category: topSource: businessinsiderMar 23rd, 2021