Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.
The company reported third-quarter sales and profit that topped analysts’ estimates. The results reassured investors that the company can integrate its biggest-ever acquisition, Whole Foods, without disrupting its dominating e-commerce performance. Shares rose as much as 8.5 percent in extended trading.
Whole Foods generated $21 million of operating income in the period, which included about a month of sales. Revenue from “physical stores,“ primarily Whole Foods locations, was $1.28 billion.
Net income increased to $256 million, or 52 cents per share, from $252 million, or 52 cents, a year earlier, the company said in a statement. Sales gained 34 percent to $43.7 billion. Amazon projected operating income in the current quarter of $300 million to $1.65 billion on revenue of $56 billion to $60.5 billion.
Revenue from Amazon Web Services, its profitable cloud-computing division, increased 42 percent to $4.6 billion. Sales of warehousing, packaging and other logistics services Amazon provides for e-commerce merchants increased 40 percent to $7.9 billion. Second-quarter growth was the same for both segments.
After its first year, Abysalto is entering a phase of growth, cultural consolidation and preparation of products for foreign markets. The company now has around 450 people and a broad portfolio, from transport and energy to HR, public procurement, and sales automation. Željko Tandarić says AI will not eliminate good developers, but will move them towards the role of system architects and orchestrators.
Qualcomm has finalized the renewal of its global licensing agreement with Apple, which is scheduled to commence on April 1, 2027.
Telefonica has established a hardware and devices unit within its consumer business segment in Spain.
