Cloud Services Industry Shows Early Signs of a Comeback bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Cloud services companies are rallying as earnings reports suggest the wave of spending cuts that had hammered the industry are starting to subside.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthProsecutors Alert Judge to Trump’s ‘Coming After You!’ PostThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersAmazon.co
Amazon s cost-cutting efforts led to higher sales and earnings in the first quarter, but its online revenue was flat compared to the first quarter of 2022.
Stocks futures lower as big tech crashes earnings party; Apple edges higher after Q4 earnings beat, iPhone 14 hopes; Amazon pummeled as soft holiday sales outlook clouds Q3 earnings; Intel powers higher as job, cost cut plans soothe demand concerns and Tesla slips as musk takes on another CEO role after Twitter takeover.