Amazon Web Services Archives - CFO

From Amazon Towards Microsoft — A Shift in the Cloud Arms Race

From Amazon Towards Microsoft — A Shift in the Cloud Arms Race

Microsoft could chip away further market share from Amazon cloud subsidiary Amazon Web Services.

By Lauren Muskett | March 16, 2021

Amazon Releases AI-Based Enterprise Search Solution

Amazon Releases AI-Based Enterprise Search Solution

The solution uses deep learning models to understand natural language queries and document content.

By Lauren Muskett | May 12, 2020

Amazon Profit Dives on One-Day Shipping Costs

Amazon Profit Dives on One-Day Shipping Costs

“There’s a lot of cost in the short run” from expanding the free one-day delivery program, CFO Brian Olsavsky says.

By Matthew Heller | October 25, 2019

Amazon Profit Doubles to Record $3.6B in Q1

Financial Performance

Amazon Profit Doubles to Record $3.6B in Q1

The company "has entered a new era with comparatively sluggish sales growth, but a consistently profitable business.”

By Matthew Heller | April 26, 2019

The CFO’s Crucial Role in Digital Transformation

The CFO’s Crucial Role in Digital Transformation

The need to decide what funding requests to prioritize and how much to invest puts finance chiefs squarely in the middle of digital transformation efforts.

By David McCann | February 7, 2019

Amazon Posts Record Earnings But Stock Falls

Financial Performance

Amazon Posts Record Earnings But Stock Falls

“The question for investors now is if Amazon can grow profits fast enough to make up for slowing revenue growth."

By Matthew Heller | February 1, 2019

NetApp Strives to Shed Hardware-only Image

NetApp Strives to Shed Hardware-only Image

The big data storage provider still sells mostly hardware but positions itself as a key player in a "hybrid cloud" world.

By David McCann | September 26, 2018

Juniper Networks Makes Less Money — On Purpose

Juniper Networks Makes Less Money — On Purpose

Companies are moving more of their IT needs to the cloud, and Juniper is moving right along with them. For now, that means lower revenue.

By David McCann | September 12, 2018

Intuit Is Selling Its Largest Data Center

Intuit Is Selling Its Largest Data Center

As a result of the deal, the software company, maker of Quickbooks, will incur an operating loss of as much as $85 million.

By William Sprouse | July 18, 2018

Amazon Asked to Stop Selling Facial Recognition Tech to Governments

Amazon Asked to Stop Selling Facial Recognition Tech to Governments

The ACLU says Amazon's Rekognition technology could be used by law enforcement to identify and monitor political protestors.

By William Sprouse | May 23, 2018

Consumer Favorite Destroys Businesses, Jobs

Consumer Favorite Destroys Businesses, Jobs

Amazon exerts both good and bad effects on society and business, but the net result is decidedly negative, an ex-CFO says.

By Heidi Pozzo | December 22, 2017

The Cloud: A Better Expense Model

The Cloud: A Better Expense Model

Say goodbye to over-provisioning and depreciating technology assets.

By Roy Golding | August 11, 2017

Amazon Sales Jump 25% But Profits Disappoint

Global Business

Amazon Sales Jump 25% But Profits Disappoint

CFO Brian Olsavsky defends the company's heavy spending, saying "We are continuing to invest in businesses that ... can last for decades."

By Matthew Heller | July 28, 2017

Moving Up to the Public Cloud

Moving Up to the Public Cloud

Lured by cost savings, corporate IT is shifting from data centers and company-owned servers to the public cloud.

By Keith Button | May 2, 2017

Amazon Shrugs Off Cloud-Computing Rivals

Amazon Shrugs Off Cloud-Computing Rivals

Amazon Web Services, with $890 million in operating income, accounted for most of the company's overall profit and its sales rose 43% to $3.7 billion.

By Matthew Heller | April 28, 2017