Services

How Amazon Web Services makes money: Estimated margins by service

Adam Selipsky, CEO, Tableau Software

Scott Mlyn | CNBC

Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud division, Amazon Web Services, which provides online services and tools that software developers can stitch together to run websites and applications.

It’s an impressive business in absolute dollar terms, not just percentages: AWS ended 2020 with $13 billion in operating income, which helped Amazon report total net income of $21 billion for the year. No wonder Amazon chose the head of AWS for 15 years, Andy Jassy, as its CEO when

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Services

CPS exclusive schooling: Districts presents money payments for families denied companies

Chicago Public Faculties programs to offer income payments to people whose disabled children were wrongly denied exclusive instruction services concerning 2016 and 2018.

The payments to the households of up to 12,000 latest and former college students could cost the university district as a lot as $22 million. That figure is centered on a WBEZ and Chicago Solar-Instances investigation of information and facts offered by CPS on the selection of students denied providers, what solutions ended up skipped and the amount CPS suggests it will fork out for each missed assistance. CPS disputes the determine but did not elaborate and

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Companies

S&P 500: 6 Money Losing Companies Are About To Roll In The Dough

Investors love a good rags to riches story — they’re making lots of money on them, too. And soon, there will be likely many more to choose from in the S&P 500.




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No fewer than 22 S&P 500 companies, including industrials like Boeing (BA) and Delta Air Lines (DAL) plus energy firm Valero (VLO), are expected to make money in 2022 after losing money in both 2021 and 2020, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

And six of those 22 losers-to-winners are expected

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