Amazon is hiring more enterprise salespeople to compete with Microsoft - Business Insider

Amazon is investing more in marketing and salespeople "to handle a wider group of customers," Chief Financial Officer Brian Olsavsky said in its quarterly earnings call on Thursday.

Tech industry analyst Patrick Moorhead said Amazon's $2.3 billion in cloud sales growth for the quarter is "larger than the size of most cloud company's revenue" and chalked its revenue growth decline up to the "law of large numbers."Amazon Web Services is hiring more sales and marketing people, as the dominant cloud computing business fends off challengers including Microsoft, the Seattle-based company disclosed Thursday.

"We are investing a lot more this year in salesforce and marketing personnel mainly to handle a wider group of customers, an increasingly wide group of products – we continue to add thousands of products and features a year – and we continue to expand geographically," Olsavsky said of AWS.. Microsoft, meanwhile, has a long history of selling to large enterprise companies.

They need this segment of busines to continue its monster growth its the biggest reasons as to why Amazon has a postive net income without AWS growth they have no profit or capital to fuel their growth and the competition is getting fierce.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon, Walmart, Target sold clothes from factories ruled unsafe: WSJ - Business InsiderThe WSJ found that clothing bought from wholesalers or sold by third-party sellers on Amazon, Walmart, and Target was produced in unsafe factories. Well if we gonna think like this then we won't buy nothing from any brand name. Big racketeering in China,India and other country for nothing. Bcuz they pay low wages. Apple drain their workers in asia Fast fashion is a disaster to human rights
Source: BusinessInsider - 🏆 729. / 51 Read more »

Senators urge FTC to investigate Amazon over Capital One data breach - Business InsiderElizabeth Warren is urging the FTC to investigate Amazon over concerns that it played a role in the massive Capital One data breach that affected 100 million people
Source: BusinessInsider - 🏆 729. / 51 Read more »

What would it take for Amazon to spin out Amazon Web Services? - Business InsiderCalls to break up Big Tech have renewed speculation Amazon will spin off the AWS business into a separate company. But Amazon may simply not have enough incentive.
Source: BusinessInsider - 🏆 729. / 51 Read more »