Amazon Com Stock Price, News & Analysis

Amazon Web Services has launched Amazon FinSpace, a new analytics service designed specifically for financial services institutions (FSI). This service streamlines the process of discovering, preparing, and analyzing financial data, reducing the time from months to minutes. Amazon FinSpace aggregates and catalogs data across various silos, providing an easy-to-use web application and a managed Apache Spark analytics engine. It is designed to help FSI organizations improve compliance, enhance data governance, and ultimately drive revenue opportunities. The service is now available across multiple regions.

Amazon.com, Inc. (AMZN) reported a strong performance for Q1 2021, with net sales soaring 44% to $108.5 billion compared to $75.5 billion in Q1 2020. Operating cash flow increased 69% to $67.2 billion, while free cash flow rose to $26.4 billion. Operating income nearly doubled to $8.9 billion, and net income reached $8.1 billion, translating to $15.79 per diluted share. AWS achieved a remarkable 32% growth year-over-year, indicating strong demand. The company also announced plans for employee pay increases and continues to expand its workforce significantly.

Amazon Web Services (AWS) announced that The Walt Disney Company is using its cloud infrastructure to enhance the global expansion of Disney+, which recently surpassed 100 million subscribers. With AWS's support, Disney+ has quickly rolled out its service to 59 countries, utilizing over 50 AWS technologies for various functions, including real-time data analysis and performance monitoring. The collaboration has allowed Disney+ to effectively manage high demand, notably attracting over 10 million new subscribers within 24 hours of its launch.

Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), launched Amazon Nimble Studio, enabling rapid setup of content production studios. This service provides scalable resources, allowing artists to collaborate globally without upfront costs, paying only for usage. Nimble Studio supports high-performance workstations and flexibility, addressing the demand for premium content while reducing production delays and expenses. Available in six regions, it aims to transform content creation, catering to the needs of media giants and educational institutions.

Amazon has been named the No. 1 company where Americans want to work in 2021 by LinkedIn, rising from No. 3 in 2019. This annual ranking assesses how companies attract and retain talent, focusing on promotions and diversity. In 2020, Amazon created over 400,000 jobs in the U.S. and received 30 million job applications. With a starting pay of at least $15 an hour, 93% of new hires cited company-funded skills training as a retention factor. Amazon continues its commitment to employee development, investing $700 million by 2025.

Amazon has unveiled the next generation of Fire HD 10 tablets, featuring a new design, improved performance, and enhanced display. The Fire HD 10 is available for $149.99, with a brighter 10.1” Full HD display, an octa-core processor, and up to 12 hours of battery life. Additionally, the Fire HD 10 Plus, priced starting at $179.99, offers even more RAM and wireless charging. Customers can also purchase the Fire HD 10 Productivity Bundle, which includes a detachable keyboard case and a Microsoft 365 subscription for $219.99. All products will begin shipping on May 26.

Amazon.com, Inc. (NASDAQ: AMZN) has launched the all-new Fire Kids Pro tablets for children aged 6-12 and the next-gen Fire HD 10 Kids tablet for ages 3-7. The Fire Kids Pro features a one-year subscription to Amazon Kids+, offering thousands of educational and entertainment options, along with a digital store for app requests. Key features include enhanced parental controls, a web browser with filters, and voice/video calling capabilities. The new tablets come with a protective case and a two-year worry-free guarantee, ensuring a safe and engaging experience for kids.

Amazon (AMZN) has expanded its Key by Amazon In-Garage Grocery Delivery service to over 5,000 U.S. cities, allowing millions of Prime members to receive their groceries securely in their garages. Originally launched in five cities, this service addresses the growing demand for convenience, as highlighted by a Morning Consult survey where 70% of Americans find grocery delivery beneficial. The service is available at no extra cost for eligible Prime members, requiring a compatible garage door opener for secure delivery.