Monday, February 1, 2021

Amazon expected to top $100B in sales for holiday quarter

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TODAY'S TOP STORIES

What to expect from Amazon earnings: The pandemic-driven e-commerce surge is expected to fuel record sales and profit, with Amazon likely topping $100 billion in quarterly revenue for the first time when it reports its fourth quarter earnings on Tuesday afternoon. Investors will also be keeping a close eye on revenue growth for Amazon Web Services, a key driver of profits for the larger company. Last week Microsoft reported a 50% increase in revenue for its Azure cloud computing platform and related services. 

Related: Amazon is expanding its new Amazon One palm-reading biometric identification system to three additional Amazon Go stores in Seattle. Amazon ultimately envisions the technology being used for everything from accessing office buildings to entering sports stadiums. Read our first-hand experience trying Amazon One when it debuted.

“The current Microsoft seems like the kinder and gentler Microsoft …  but don’t be fooled.” That’s one of the observations from independent journalist Mary Jo Foley, the longtime Microsoft watcher, on a new episode of the GeekWire Podcast over the weekend. Read more highlights and listen to the full episode here, or subscribe to GeekWire in any podcast app. 

Tech Moves: Health benefits platform Accolade names Cindy Kent to board of directors; Adaptive Biotechnologies promotes Mark Adams to COO; and longtime F5 Networks board members Gary Ames and Deborah Bevier are retiring. Catch up on those and other key personnel changes across the Pacific Northwest tech industry. 

Trust > Data: Trust has become the most important asset in the modern economy, even more than data, asserts Stein Broeder, a marketing executive at Microsoft, in his new book, “The Business of Trust.” Read an excerpt.

Thanks for reading, have a great week, and see all our latest headlines below. — GeekWire managing editor Taylor Soper, taylor@geekwire.com, and GeekWire editor Todd Bishop, editor@geekwire.com.
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