Amazon Com Stock Price, News & Analysis

ezCater, a leading food for work technology company in the US, has appointed Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian brings over 20 years of experience from high-growth companies like Lyft, Amazon, and Visa. As CRO, he will oversee sales and partnerships, aiming to expand ezCater's platform and increase the growth of its food solutions among workplaces.

Subramanian's role comes at a time when demand for workplace food is rising, with 53% of surveyed business orderers planning to increase their food spending in 2024. This year, ezCater has added notable restaurants and companies as partners and customers. Subramanian previously held senior leadership roles at Lyft, Amazon, and Visa, managing strategic partnerships and launching new products. His extensive experience is expected to drive ezCater's growth and solidify its position as a top choice for workplace food solutions.

Amazon (NASDAQ: AMZN) and Grubhub announced a partnership, allowing Prime members to order from Grubhub directly via Amazon.com and the Amazon Shopping app.

Prime members benefit from $0 delivery fees on eligible orders, reduced service fees, 5% credit back on pick-up orders, and exclusive Grubhub offers, valued at $120 annually.

For a time, Prime members save $5 on Grubhub orders over $25 until June 2. This integration aims to enhance convenience and savings.

Since the Grubhub+ offer started, Prime members have saved hundreds of millions in delivery fees and promotions.

Amazon Web Services (AWS) and SAP have announced an expanded collaboration to enhance enterprise resource planning (ERP) experiences using generative AI. This strategic partnership integrates SAP AI Core with Amazon Bedrock models, enabling advanced AI-driven insights and process automation. AWS's support of SAP solutions accelerates generative AI adoption, boosts performance, and optimizes energy efficiency, significantly benefiting SAP workloads. Notably, SAP's use of AWS's Graviton3 chips has led to substantial performance gains and cost savings. Additionally, Amazon's Project Kuiper is now using RISE with SAP to streamline its operations and improve productivity.

EDF Renewables North America and Enbridge have announced the completion and commercial operation of the 150 MWac Fox Squirrel Solar Phase 1 in Madison County, Ohio. This project is part of a larger 577 MWac solar development planned to be finished by the end of 2024. The project is a significant milestone in Ohio's renewable energy sector and is expected to meet the region's growing power demands, which are projected to double by 2028.

Amazon has entered into power purchase agreements for the full generation capacity of Fox Squirrel Solar, supporting its commitment to operate on 100% renewable energy by 2025. The project has created hundreds of jobs and will continue to provide economic benefits to the local community. EDF Renewables and Enbridge highlight this project as a testament to their ongoing partnership and commitment to the energy transition.

United Natural Foods has extended its distribution partnership with Whole Foods Market until May 2032. This agreement solidifies UNFI as the primary distributor for Whole Foods, replacing the prior agreement that was set to expire in September 2027. David Matthews, President of National Sales for UNFI, highlighted the commitment to providing quality foods and supporting Whole Foods' growth. David Garraway, VP Supply Chain for Whole Foods, emphasized the importance of UNFI in their supply chain as they continue to expand.

CrowdStrike and AWS have extended their strategic partnership to accelerate cloud security and AI innovation. Amazon is unifying its cybersecurity protection on the CrowdStrike Falcon platform, while CrowdStrike is expanding its use of AWS services to drive innovation in cloud security and AI use cases.

Amazon Business kicked off its third annual Small Business Month to support small businesses in the U.S, introducing the Small Business Success Studio and the 2024 Small Business Grants program. The studio offers free educational resources, while the grants program gives small businesses the chance to win over $250,000 in grants. The company aims to assist small businesses in overcoming challenges like high inflation, operations costs, and supply chain issues, with most business owners optimistic about the economy and looking to invest in procurement and AI technologies.

Amazon.com, Inc. (NASDAQ: AMZN) reported strong financial results for Q1 2024, with net sales up 13% to $143.3 billion, driven by growth in all segments. Operating income increased to $15.3 billion, and net income rose to $10.4 billion. AWS segment sales rose 17%, contributing to the positive results. The company continues to focus on improving customer experience and expanding its offerings across various business areas.

Amazon Web Services, Inc. (AWS) announces the general availability of Amazon Q, a generative AI-powered assistant that accelerates software development and leverages internal data for companies. Amazon Q offers advanced coding accuracy, security, cloud capabilities, and the ability to build generative AI apps. Customers like Accenture, Toyota, and others are already benefiting.