We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon to Add New Jobs in Ireland as Part of Expansion Plans
Read MoreHide Full Article
Amazon.com Inc. (AMZN - Free Report) recently announced its plans of hiring new positions in Ireland over the next two years.
The move aligns with Amazon’s motto of providing better services to customers, accommodating rapid growth and leveraging the area’s diverse high-technology talent pool.
Coming to price performance, Amazon has outperformed the industry it belongs to on a 12-month basis. The company’s shares have gained 73.26% compared with the industry’s growth of 38.22%.
Inside the Headlines
Seattle e-commerce giant Amazon plans to add more than 1,000 new jobs in Ireland in the coming two years. In a bid to further expand its operation, the company opened a new 170,000 square feet building in Dublin.
As of now, Amazon already has 2,500 employees in Ireland, catering to needs of the people there. The new additions will bring the total workforce in the country to more than 3,500.
The new workers will include software-development engineers, data-center workers, and other IT functions for both Amazon and its cloud unit, Amazon Web Services (AWS).
The latest deal clearly demonstrates that the company is focused on expanding its operations in Ireland and delivering services to more customers. Thereby, the company is likely to achieve growth targets going forward.
Bottom Line
Ireland, the fastest-growing economy of the European Union, has gone from strength to strength in the past few years. Its attractive corporate tax rate of just 12.5% has made Ireland a hub for many U.S. companies, including heavyweights such as Apple, Google and Facebook.
Amazon believes that Ireland’s solid economic potential, coupled with a strong technological outlook, will act as a perfect springboard for its future growth. Moreover, the IT major’s profound expertise in providing financial services and other technological solutions aptly complement Ireland’s journey toward digital transformation.
Mike Beary, AWS Ireland country manager, said “Ireland is a great place to do business, the country's creative culture and diverse pool of technical skills make it an ideal location for our rapidly expanding business."
In a bid to maintain its supremacy, Amazon has been expanding on a global basis. The company is investing more in fulfillment, as well as technology and content. Although increased expenses could hurt the company’s bottom line in the near term, we believe that these measures are necessary to maintain its dominance in this highly competitive market.
Long-term earnings growth for Groupon, PetMed and Expedia is currently projected to be 6.5%, 10% and 14.5%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Amazon to Add New Jobs in Ireland as Part of Expansion Plans
Amazon.com Inc. (AMZN - Free Report) recently announced its plans of hiring new positions in Ireland over the next two years.
The move aligns with Amazon’s motto of providing better services to customers, accommodating rapid growth and leveraging the area’s diverse high-technology talent pool.
Coming to price performance, Amazon has outperformed the industry it belongs to on a 12-month basis. The company’s shares have gained 73.26% compared with the industry’s growth of 38.22%.
Inside the Headlines
Seattle e-commerce giant Amazon plans to add more than 1,000 new jobs in Ireland in the coming two years. In a bid to further expand its operation, the company opened a new 170,000 square feet building in Dublin.
As of now, Amazon already has 2,500 employees in Ireland, catering to needs of the people there. The new additions will bring the total workforce in the country to more than 3,500.
The new workers will include software-development engineers, data-center workers, and other IT functions for both Amazon and its cloud unit, Amazon Web Services (AWS).
The latest deal clearly demonstrates that the company is focused on expanding its operations in Ireland and delivering services to more customers. Thereby, the company is likely to achieve growth targets going forward.
Bottom Line
Ireland, the fastest-growing economy of the European Union, has gone from strength to strength in the past few years. Its attractive corporate tax rate of just 12.5% has made Ireland a hub for many U.S. companies, including heavyweights such as Apple, Google and Facebook.
Amazon believes that Ireland’s solid economic potential, coupled with a strong technological outlook, will act as a perfect springboard for its future growth. Moreover, the IT major’s profound expertise in providing financial services and other technological solutions aptly complement Ireland’s journey toward digital transformation.
Mike Beary, AWS Ireland country manager, said “Ireland is a great place to do business, the country's creative culture and diverse pool of technical skills make it an ideal location for our rapidly expanding business."
In a bid to maintain its supremacy, Amazon has been expanding on a global basis. The company is investing more in fulfillment, as well as technology and content. Although increased expenses could hurt the company’s bottom line in the near term, we believe that these measures are necessary to maintain its dominance in this highly competitive market.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. Price and Consensus | Amazon.com, Inc. Quote
Zacks Rank and Other Stocks to Consider
Currently, Amazon sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the same industry include Groupon (GRPN - Free Report) , PetMed Express (PETS - Free Report) and Expedia (EXPE - Free Report) . While Groupon flaunts a Zacks Rank #1, PetMed and Expedia both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Groupon, PetMed and Expedia is currently projected to be 6.5%, 10% and 14.5%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>