Amazon.com Inc. had its first nonholiday quarter with more than $1 billion in revenue. The Web retailer lost $10 million on the $1.1 billion in sales for the first quarter ended March 31. The company made $39 million on an operating basis, but interest on its $2.3 billion in debt and some noncash expenses swallowed those gains. Amazon predicts its strategy of cutting costs so it can lower prices will let it keep the $1 billion-plus sales pace in the second quarter and reach at least $4.7 billion for the year.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.