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Amazon profit reaches record USD 2.5 billion, boosted by cloud, Alexa

2018-07-27 09:00:00| Telecompaper Headlines

(Telecompaper) Amazon.com reported a very strong set of results for the second quarter, with revenues in-line with expectations but profit passing the USD 2 billion mark, more than tripling on the back of growth at AWS and North America. Revenues jumped 39 percent from the year before to USD 52.9 billion, while the net profit surged to 2.5 billion or USD 5.07 per diluted share, from 197 million or USD 0.40 per diluted share. The operating profit leaped to USD 3.0 billion from 628 million, widely passing guidance.

Tags: record amazon usd profit

Airtel net profit falls 73.5% in June quarter on continued price war in India

2018-07-27 08:28:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported net profit for its fiscal first quarter to June down 73.5 percent to INR 973 million, hurt by the continued price war in the Indian mobile market. Revenues fell 8.6 percent to INR 200.8 billion, as the acquisition of Telenor India could not offset the price pressure and cuts to termination rates. Excluding regulatory effects and divestments, Airtel said revenues were up 2.3 percent. EBITDA dropped 12.6 percent to INR 68.37 billion, and the margin fell to 34.0 percent from 35.6 percent a year ago.

Tags: net price june war

Amazon profit rises but sales growth could slow

2018-07-26 22:30:41| BBC News | Business | UK Edition

The online retailer warns its sales growth could slow down in the coming months.

Tags: sales growth amazon slow

Google Q2 profit hit by EU fine but cash position unaffected

2018-07-24 09:01:00| Telecompaper Headlines

(Telecompaper) All operations contributed to the strong results, with Google segment revenues, including Nest, rising to USD 32.512 billion from 25.913 billion the year before, including advertising revenues lifting to USD 28.087 billion from 22.672 billion. Segment revenue also includes non-advertising revenue, including cloud computing services, Pixel-branded smartphones and the Play store; these advanced to USD 4.425 billion from 3.241 billion. Revenues from "Other Bets" leaped to USD 145 million from 97 million; this stream includes Verily, Google Fiber and Waymo.

Tags: google position hit fine