Q1 2024 Coinbase Global Inc Earnings Call
India's Adani Green Energy reported an 86% rise in fourth-quarter adjusted profit on Friday, helped by strong energy sales to customers. The Adani Group company's consolidated adjusted profit rose to 10.34 billion rupees (about $124 million) in the quarter ended March 31, while the revenue from power supply rose 23% to 19.41 billion rupees. The company said it made a one-time gain in the year-ago period, excluding which its fourth-quarter profit would have fallen 39%.
Amazon Web Services (AWS) has been a driving force behind Amazon's (AMZN) remarkable earnings growth. The cloud services business has reached a monumental milestone, hitting the $100 billion run rate, and continues to expand rapidly. As cloud computing services and generative AI technology gain widespread popularity, the question arises: How is Amazon positioning its cloud business to sustain its success, market share, and momentum? In the latest edition of Opening Bid, Yahoo Finance Executive Editor Brian Sozzi is joined by CEO of Amazon Web Services Adam Selipsky, to discuss the future of AWS and its strategic positioning. Selipsky provides insights into his journey to becoming part of the Amazon family, the unique culture that drives the company's innovation, and how he navigates the competitive landscape against rivals like Meta (META) and Microsoft (MSFT). For more expert insight and the latest market action, click here This post was written by Angel Smith