Global spending on cloud jumps 33%, report says

Global spending on cloud jumps 33%, report says

Research firm Canalys estimated that worldwide spending on cloud services in the June-ending quarter this year reached $62.3 billion, rising 33% from the same duration in the previous year. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) The growth […]

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Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. (Sign up to […]

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