Amazon reports strong 1Q results driven by its cloud
NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service.
The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the first three months of this year, a 13% jump compared to the same period last year. Net income came out to $10.43 billion, or 98 cents per share. That soundly beat Wall Street analysts’ expectations for 84 cents a share, according to FactSet.
“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said in a statement.
The nation’s biggest online retailer is coming off better-than-expected results for the holiday shopping period, when it saw strong consumer spending aided by discounts and faster shipping speeds. Amazon held another discount event in late March, right before the end of the first quarter.
Related articles
Bell's RBI single in 10th lifts Marlins to 3
MIAMI (AP) — Josh Bell singled with the bases loaded in the 10th inning to give the Miami Marlins a2024-05-22Ordos Protects Women Employees' Rights
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Shangrao Increases Efforts to Build Harmonious Communities
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Greater Bay Area Women in Science and Technology Forum Held in Shenzhen
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Kansas takes control in the ninth and beats Kansas State in the opener of the Big 12 Tournament
ARLINGTON, Texas (AP) — Hunter Cranton struck out two in the ninth inning to help earn his seventh s2024-05-22'Family Affairs Investigators' Help Residents Resolve Marital, Family Disputes
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22
atest comment