Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Amazon reports strong 1Q results driven by its cloud !

Amazon reports strong 1Q results driven by its cloud

Time:2024-05-21 22:23:59 source:Stellar Storyline news portal

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 information
  • I visited the most crowded island on Earth
  • Xi Focus: Xi Stresses Enhancing Party Leadership over Armed Forces
  • Xi holds talks with Surinamese president
  • Across China: Volkswagen Anhui rolls out targeted strategy to meet booming Chinese NEV market
  • Trump film shocks Cannes as former US President is depicted 'raping' his then
  • Xi Stresses Establishing New Systems for Higher
  • Xi Focus: Xi Calls for Striving to Realize Economic Goals in 2023
  • Scenery of Tuiwa Village by Puma Yumco Lake in Tibet
Recommended content
  • Xander Schauffele gets validation and records with one memorable putt at PGA Championship
  • China's sci
  • Big on barbecue, Zibo's star shines
  • Ambassadors gain insights from visits to Xinjiang
  • French sports minister calls for sanctions after Monaco player tapes over anti
  • China, Suriname to boost relations