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Amazon revenue rises 20% y-o-y to touch $63.4 bn

Jeff Bezos-led Amazon reported mixed second quarter results as it missed earnings estimates but beat estimates on revenues. The e-commerce giant reported earnings per share (EPS) of $5.22 in contrast to $5.55 expected EPS. At the same time, it posted revenues of $63.4 billion while market...

iWorld e-commerce
Amazon posts record profit of $3.6 bn, smashes industry expectations

E-commerce giant Amazon posted its first-quarter earnings beating analysts’ expectations for profit. It reported $3.6 billion net income in the quarter, more than twice the investors’ predictions. However, the $59.7 billion revenue of the company was in line with Wall Street expectations, up 16 per...

iWorld e-commerce
Pepperfry launches gift registry an industry first service in indian e-commerce

Pepperfry.com, India’s No.1 Furniture and Home products marketplace, announced the launch of Gift Registry - a first of its kind service by an Indian e-commerce company.

MAM Marketing MAM
Amazon saw most ever Prime subscriptions in Q4 2018

E-commerce giant Amazon beat analysts' expectation for the fourth quarter of 2018 after falling short of revenue expectations for the last two quarters. The company posted revenue of $72.4 billion and a record net profit of $3 billion. Despite the strong result, Amazon’s weak guidance for quarter 1...

iWorld e-commerce
The year M&A changed the face of the media and entertainment industry

The emergence of numerous streaming platforms and convergence between technology, media, and telecom companies shook the core of the media and entertainment business globally. Giant tech and telco players, on the back of their direct customer reach, started taking content creation and distribution...

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