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and cloud computing giant it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that they re all doing surprising well. this has lifted markets across the board. lisa lisa we saw similar on wall street. here s the bbc s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. it s laid off 18,000 people and is currently about to eliminate another 9000 jobs. is currently about to eliminate another 9000jobs. it is currently about to eliminate another 9000 jobs. it would appear that some of those measures are already paying off, as the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t go as much as expected last quarter did very well in the first three months of this year, as did its advertising business. even retail, a core part of amazons business exceeded expectations. the boom in online ....
Part of amazons business exceeded expectations. the boom in online shopping during the pandemic has waned, and people are going back into stories, but amazon was still able to get customers to its website, as recent figures show, consumer spending in america remains steady. what has investors really cheering is amazon s guidance for the next quarter. it expects its business to grow between five and 10%. ~ . and 10%. mehta ended the session nearly and 10%. mehta ended the session nearly 1496 - and 10%. mehta ended the session nearly 14% higher, i session nearly 14% higher, after the facebook parent reporting its first sales increase in nearly a year end sales forecast coming in above market expectations. this concerns the view confirms the view that they are betting on well established platform such as facebook and instagram in the face of challenging economic conditions as we have been reporting. concerns have led mehta and other tech trends to embark on a cost cutting campaign th ....