Fashion
Amazon beats cloud growth estimates
By
Reuters
Published
October 30, 2025
Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence.
The massive cloud demand is helping the tech company ease the pressure from weaker growth at its e-commerce business, which is gearing up for the holiday season amid weakness in consumer confidence stemming from global trade uncertainty.
The company’s shares surged more than 10% in extended trading.
Its cloud unit, Amazon Web Services, reported a 20% rise in revenue in the third quarter ending in September, compared with the estimates of a 17.95% increase.
Amazon projected net sales of between $206 billion and $213.0 billion for the fourth quarter, while analysts on average were expecting revenue of $208.12 billion, according to data compiled by LSEG.
The strong results from AWS, the world’s largest cloud provider, followed stellar cloud revenue growth reported on Wednesday by Microsoft’s Azure and Google Cloud, the No. 2 and No. 3 players in the industry, respectively.
Microsoft, Google-parent Alphabet and Facebook owner Meta all announced plans for higher annual capital expenditures as they pour money into chips and data centers.
AWS typically accounts for a little more than 15% of Amazon’s total revenue, but the segment is a huge profit engine, making up roughly 60% of the company’s total operating income. The unit reported revenue growth of 17.5% in the second quarter.
© Thomson Reuters 2025 All rights reserved.
The legislation was introduced by Democratic Senators Tim Kaine, Amy Klobuchar and Mark R Warner, Senate minority leader Chuck Schumer and Republican Senator Rand Paul to challenge President Donald Trump’s International Emergency Economic Powers Act (IEPPA) tariffs on Canada.
The US Senate recently voted 50-46 to pass bipartisan legislation that would nullify US tariffs on Canada.
The legislation was introduced to challenge President Donald Trump’s International Emergency Economic Powers Act tariffs on Canada.
The legislation is supported by several organisations, including the AFL-CIO, Small Business Majority, the US Chamber of Commerce, AAFA and NRF.
The vote came shortly after newly released inflation data showed that consumer prices rose in September at their fastest pace in eight months, a release from the office of Virginia Senator Kaine said.
Public opinion surveys have overwhelmingly demonstrated that the American people do not support Trump’s trade wars, the release noted.
“In order to strengthen our weakening economy, we need stability and strong relationships around the world—not chaotic trade wars that raise prices, shut American businesses out of foreign markets and decrease tourism to the US,” said Kaine.
“Now it’s time for the House [of Representatives] to stop playing procedural tricks to hide from its constitutional responsibility to stop President Trump from abusing his authority to unilaterally impose new taxes on the American people,” he noted.
“We can’t afford to keep raising costs, hurting businesses, and eliminating jobs by attacking our neighbour and ally,” said Klobuchar.
“President Trump’s tariffs are driving up prices for families, raising costs for small businesses, and creating completely unnecessary uncertainty for our economy,” said Warner.
The legislation is supported by the AFL-CIO, United Steelworkers, North America’s Building Trades Unions, International Federation of Professional and Technical Engineers, Conference of Mayors, Public Citizen, National Association of Women Owned Businesses, Mainstreet Alliance, Small Business Majority, National Taxpayers Union, the US Chamber of Commerce, the American Apparel & Footwear Association and the National Retail Federation.
Fibre2Fashion News Desk (DS)
Published
October 31, 2025
Centric Software, a product lifecycle management (PLM) specialist owned by Dassault Systèmes, has announced the appointment of Fabrice Canonge as chief executive officer.
Canonge knows the company well; he joined in 2004 and has held a number of key roles, including vice-president of European sales, then global sales, chief operating officer, and president since March 2023. He previously worked at enterprise software specialist PTC as well as at Italian vendor Finmatica.
“Fabrice Canonge’s mission is to define and accelerate the brand’s strategic roadmap for software-as-a-service (SaaS), to meet evolving customer needs and strengthen its leadership with a new generation of AI-powered cloud solutions,” says Dassault Systèmes.
With its artificial intelligence-powered product lifecycle management (PLM) solutions, Centric Software serves more than 700 brands in 59 countries. The company says it is leveraging AI to develop new capabilities in planning, pricing, inventory management, product experience management (PXM) and market intelligence.
Acquired in 2018 by Dassault Systèmes, the company has notably pursued growth through acquisitions. At the end of 2021, it took over Italian retail planning specialist Harmonica Retail. In February, German product management tools provider Contentserv was acquired by the French company.
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Imports of textile fabrics (Chapter **) continued to expand at a faster pace, climbing *.* per cent to NZ$**.** million, compared with NZ$**.** million in ****. The category’s steady growth underscores ongoing demand for knitted and woven fabrics used in domestic apparel manufacturing and retail supply chains. Local garment makers have been increasingly sourcing specialty and performance fabrics to meet evolving fashion trends and sustainability expectations.
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