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Amazon’s sales jump 37% in the fiscal third quarter
Amazon’s sales jump 37% in the fiscal third quarter. The retail giant now employs 1.12 million full-time workers worldwide. Amazon forecasts up to £93.76 billion of revenue for Q4. Amazon Inc. (NASDAQ: AMZN) said on Thursday that its revenue in the fiscal third quarter came in 37% higher on an annualised basis. Profit in the recent quarter, the company added, was also better than expected. Amazon was reported close to 2% down in after-hours trading on Thursday. On a year to date basis, shares of the company are now more than 65% up after a nearly 100% growth since its year to date low in March. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Amazon’s Q3 financial results versus analysts’ estimates According to Refinitiv, experts had forecast the company to print £71.83 billion of revenue in the third quarter. For earnings per share, they had estimated £5.74. In its report on Thursday, Amazon topped both estimates posting a higher £74.51 billion of revenue in Q3 and £9.59 of earnings per share. The retail giant said it now employs 1.12 million full-time workers worldwide that represents a 50% increase on a
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Pence staff hit by Covid-19 outbreak as Biden says Trump has...
BANGOR, MAINE/WILMINGTON, DELAWARE (REUTERS) - Vice-President Mike Pence campaigned on Sunday (Oct 25) despite a Covid-19 outbreak among his aides and President Donald Trump claimed progress as the United States set records for daily infections, prompting Democratic challenger Joe Biden to accuse Trump of surrendering to the pandemic. With nine days to go before the Nov 3 election, the White House cited Pence's status as an "essential worker" as justification for his campaign travel despite exposure to his chief of staff, Marc Short, who tested positive on Saturday (Oct 24). Multiple senior aides to Pence also tested positive for Covid-19, the White House chief of staff said. A spokesman for the vice-president said late on Saturday that Pence and his wife had tested negative. Pence addressed a rally in Kinston, North Carolina, on Sunday and will be in Hibbing, Minnesota, on Monday (Oct 26). The United States in the past two days has registered its highest number of new Covid-19 cases - about 84,000 on Friday and about 79,900 on Saturday. The pandemic, which has caused about 225,000 US deaths and left millions of Americans jobless, remains front and centre in the presidential race. As
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Airlines' Covid-19 safety analysis is 'bad maths', says infectious diseases expert
PARIS (REUTERS) - A campaign by coronavirus-stricken aviation giants to persuade the world it's safe to fly has been questioned by one of the scientists whose research it draws upon. Dr David Freedman, a US infectious diseases specialist, said he declined to take part in a recent presentation by global airline body Iata with planemakers Airbus, Boeing and Embraer that cited his work. While he welcomed some industry findings as "encouraging", Dr Freedman said a key assertion about the improbability of catching Covid-19 on planes was based on "bad maths". Airlines and planemakers are anxious to restart international travel even as a second wave of infections and restrictions take hold in many countries. The Oct 8 media presentation listed in-flight infections reported in scientific studies or by IATA airlines, and compared the tally with total passenger journeys this year. "With only 44 identified potential cases of flight-related transmission among 1.2 billion travellers, that's one case for every 27 million," Iata medical adviser David Powell said in a news release, echoed in comments during the event. Iata said its findings "align with the low numbers reported in a recently published peer-reviewed study by
Twilio to acquire San Francisco-based Segment for £2.46 billion
Twilio to acquire San Francisco-based Segment for £2.46 billion.
Segment marks the largest acquisition for Twilio to date.
Twilio upgraded its outlook last week for sales in the third quarter.
In an announcement on Monday, Twilio Inc. (NYSE: TWLO) said it will acquire Segment (customer data infrastructure company) for £2.46 billion in Twilio Class A common stock. The transaction is likely to be completed before the start of 2021.
CEO Jeff Lawson of Twilio commented on the news on Monday and said:
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“Data silos destroy greater customer experiences. Segment lets developers and companies break down those silos and build a complete picture of their customer. Combined with Twilio’s Customer Engagement Platform, we create more personalised, timely and impactful engagement across customer service, marketing, analytics, product and sales. We are thrilled to welcome Segment to the Twilio team.”
Segment marks the largest acquisition for Twilio
The acquisition marks the largest for Twilio since its inception in 2008. Last week, the American cloud communications platform upgraded its outlook for sales in the third quarter.
Segment’s Series D funding round raised a total of £134.31 million in April 2019. In September last year, the San Francisco-based company said it had a workforce comprising of 550 employees. Founded in 2011, Segment has so far collaborated with over 20 thousand businesses, including prominent names like Levi’s, FOX, and Intuit.
Cloud companies have benefitted greatly in recent months due to the Coronavirus pandemic that pushed companies into working from home, resulting in a significant increase in demand.
CEO Peter Reinhardt of Segment also commented on the news and said:
“Together, Twilio and Segment have an incredible opportunity to build the customer engagement platform of the future. We created Segment to help businesses set themselves apart in the digital age and deliver rich, connected customer experiences built on high-quality data. By joining forces and applying our customer data platform to Twilio’s engagement cloud, we’ll be able to make the entire customer experience seamless from end to end.”
Twilio’s performance in the stock market
Twilio currently has a per-share price of £235.47 per share that translates to an over 325% growth in its stock since mid-March when it was trading at £55 per share. At the start of the year, the San Francisco-based company was trading at £79.17 per share. Here’s what you need to know about investing in the stock market.
Twilio performed fairly upbeat in the stock market last year with an annual gain of about 20%. At the time of writing, it has a market capitalisation of £35 billion.
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