Marketplace®

Daily business news and economic stories

Tech giants elbow in on Amazon’s cloud computing profits

There was a common theme in some of the big tech earnings announcements this week: the cloud. Most of Amazon’s more than $700 million first-quarter profit came not from shipping books and electronics all over the globe, but from its Amazon Web Services business. Amazon was a pioneer in letting companies rent computer processing and […]

There was a common theme in some of the big tech earnings announcements this week: the cloud. Most of Amazon’s more than $700 million first-quarter profit came not from shipping books and electronics all over the globe, but from its Amazon Web Services business. Amazon was a pioneer in letting companies rent computer processing and data storage on its huge collections of internet-connected servers, but this week, Microsoft and Alphabet’s Google also reported growth in their cloud businesses. 

Click the audio player above to hear the full story.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    3 hours ago
    25:19
  • Make Me Smart
    8 hours ago
    19:00
  • Marketplace Morning Report
    11 hours ago
    6:55
  • Marketplace Tech
    15 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45