Amazon Posts Net Loss for the Second Straight Quarter as It Manages Slower Demand


Amazon.com reported slowing sales and a net loss for the second straight quarter, as strength in the tech giant’s cloud-computing business was outweighed by continued weakness in core retail operations suffering from the aftereffects of a pandemic boom.

Revenue for the tech giant in the latest period increased by 7.2% from a year earlier to $121.2 billion. That was a hair slower than the 7.3% rise in the first quarter, which had marked Amazon’s slowest growth in about two decades.



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