I reckon that this ann from Amazon has slashed their odds of being Unith's Big 5 client.
"The e-commerce giant earned $6.7 billion, or 65 cents per share, for the three-month period ended June 30, much higher the $3.64 billion industry analysts surveyed by FactSet had anticipated.....
The company, which has been on a cost-cutting spree over the past few months, said overall revenue was $134.4 billion, up 11% from the same period last year and beating analyst expectations of 8.5% growth.“It was another strong quarter of progress for Amazon,” Amazon CEO Andy Jassy said in a statement.
Jassy was appointed to the Amazon Board in late 2020. BUT, before that he was the CEO of
Amazon WEB SERVICES!!!
Now, if you were implementing a "cost cutting spree" what area would you look at first, yes, your most expensive one. And, if you had 1.6 million employees worldwide.
(This might be dated, but)
Amazon operates in 13 countries around the world. In North America, Amazon has a strong presence in the United States and Canada. Amazon has a strong presence in the United Kingdom, Germany, France, Italy, and Spain in Europe. And, Amazon has a strong presence in China, Japan, and India in Asia.
Amazon Prime is available in 21 countries worldwide, including the United States, United Kingdom, Germany, Austria, Japan, Australia, and more. Amazon Prime is a standalone subscription service in some countries with over 150 million subscribers.
And if your CEO is a former CEO of you WEB SERVICES, where would you look to use to cut those costs???
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