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Andy Jassy, the current CEO of Amazon, will be in the spotlight this Thursday, 29. It is the first time that the digital retail giant has released quarterly results since it Jeff Bezos left the company on July 5th.
Jassy is no newcomer: he is one of the company’s first employees and was one of those responsible for Amazon Web Services’ rise to leadership in the lucrative cloud computing market.
When the results are released, the good winds will be in favor of the executive. Since the pandemic started, e-commerce sales have exploded and so have Amazon’s numbers. All the results that the company released in the period came above what was expected by the market.
And, on this Thursday, it shouldn’t be different. The company is expected to have sales of $115 billion, with 7.8 billion operating profit in the second quarter. With the growth of e-commerce and the demand for cloud computing amid a search of companies for digitization, the market expects that the result will once again be better than the order.
Recent figures from other giants specializing in digital ad sales, like Google e Facebook, may point to an improvement in Amazon’s fledgling ad division.
Jassy may also bring some insider insights into the company’s recent betting. Amazon has increased its presence in the physical world, expanding and opening new distribution centers, hiring staff, opening markets and convenience stores, and even buying companies such as MGM Studios, which are now part of Amazon Prime Video.
Amazon has established itself as a company always willing to change and transform itself. Jassy must show today how she is continuing this process.