Amazon’s One Sure Thing Starts to Look Shaky
The growth rate for its cloud-computing business was the lowest dating back to at least 2014.
Are those darkening skies?
Photographer: Sean Gallup/Getty Images
Amazon.com Inc. may have cured one of its financial headaches. But now it has other problems on its hands.
Amazon’s third-quarter financial report, released on Thursday, showed that customers are buying more stuff from its online bazaar, which is good news for a company that had a puzzling slowdown in growth. It appears to have helped that Amazon started to move from two-day standard shipping for its Prime shopping club members to one day. The number of individual items Amazon sold in the quarter increased at an accelerated rate of 22% in the third quarter, and revenue was higher than analysts had expected.