Tag: earnings
In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars
It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across…
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IPOs, crypto funds and other things I missed this week
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. What a week it’s been. I’m exhausted. Not only are we another cycle deeper into the COVID-19 quarantine, but there seems to be more news than ever to sift through.…
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Apple’s growth stalls as it deals with COVID-19’s impact
Apple released its quarterly earnings this afternoon for the first time since the COVID-19 outbreak began to reshape lives and economies, and the results are unsurprisingly mixed. The company saw slumps in hardware sales almost across the board, but… Source
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AWS hits $10B for the quarter putting it on a $40B run rate
AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in…
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Oculus sales are booming despite stock shortages
When Facebook announced its latest financial results on Wednesday, it came as no surprise that the company said demand for advertising was down. But unexpectedly there was also a silver lining thanks to its virtual reality business.The company's non-… Source
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Tesla’s ‘full self-driving’ feature is coming in subscription form
During the Q1 2020 earnings call on Wednesday, Tesla CEO Elon Musk confirmed that the company’s “Full Self-Driving” system will become available as a monthly subscription later this year.Tesla has been installing the necessary hardware for its autono… Source
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