In 3Q17, Amazon (AMZN) reported Subscription Services revenues of $2.4 billion, up 59.0% year-over-year.
CIRP estimates that Amazon finished 3Q17 with 90.0 million Prime members in the US (SPY).
Amazon plans to distribute Booths Supermarkets’ goods in the southern UK, marking the first time in 170 years that Booths items would be available to consumers in this region.
Amazon’s (AMZN) balance sheet reflects total debt of $24.7 billion.
Amazon’s surprise acquisition of Whole Foods was viewed as part of its efforts to gain a stronger foothold in the $700 billion US (SPY) grocery market.
In addition to holiday hiring, Amazon noted that the second corporate headquarters that it intends to build could support as many as 50,000 jobs.
Amazon’s R&D budget, which includes spending on content acquisition, totaled $5.9 billion in 3Q17, an increase of 43.7% YoY.
In 3Q17, AWS generated revenues of $4.6 billion and posted an operating profit of $1.2 billion.
In 3Q17, Amazon’s cloud computing division, Amazon Web Services (or AWS), reported growth of 42.0% YoY to record revenues of $4.6 billion.
Amazon’s (AMZN) sales from its overseas markets are increasing and in 3Q17, this increase accelerated compared to 2Q17 and 3Q16.
Of the 27 analysts covering Cisco (CSCO), 19 have recommended a “buy,” none have recommended a “sell,” and eight have recommended a “hold.”
Cisco (CSCO) returned $3.1 billion to shareholders in fiscal 1Q18. The company paid $1.6 billion in share repurchases and over $1.4 billion as per its quarterly dividend.
Cisco’s (CSCO) Service revenue rose 1% YoY (year-over-year) in fiscal 1Q18, driven by growth in its software and solution services vertical.
We’ve seen that Cisco (CSCO) successfully launched “The Network. Intuitive.”—the company’s new intent-based networking solution.
In fiscal 1Q18, Cisco’s (CSCO) Applications business segment revenue rose 8% YoY (year-over-year) to $585 million, up from $541 million in 1Q17.
In fiscal 1Q18, Cisco’s (CSCO) Applications business segment’s revenue rose 6% YoY (year-over-year) to $1.2 billion, up from $1.13 billion in 1Q17.
Cisco (CSCO) now has five reporting segments: Infrastructure Platforms, Applications, Security, Other Products, and Services.
The US-based (SPY) tech (QQQ) heavyweight Cisco (CSCO) announced its fiscal 1Q18 results on November 15 and reported revenue of $12.1 billion.
Broadcom’s intention to redomicile in the US comes a time when the White House is seeking to reform the corporate tax code with the aim of cutting tax rates.
In fiscal 3Q17, the latest reported quarter, Broadcom reported revenues of $4.5 billion on a GAAP basis, up 18% year-over-year.