Amazon reports strong 1Q results driven by its cloud
Release time：2024-05-01 14:19:07 Source：Global Gesture 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.
- Previous：The ship that brought down a Baltimore bridge to be removed from collapse site in the coming weeks
- Next：G7 nations commit to phasing out coal by 2035 but give Japan some flexibility
Related articles
- ‘Kraven the Hunter’ release delayed until December
- ITV are quietly shelving a popular spin
- Hockey business is booming as the NHL bounces back from the pandemic in a big way
- China unveils regulations on water conservation
- US judges reject new Louisiana congressional map
- New gallery finds footing in Beijing Fun
- Lucy Boynton turns heads in two eye
- China ready to work with neighboring countries to expand convergence of interests: spokesperson
- 2 men are charged with cutting down famous 150
- German chancellor presses China on Russia's invasion of Ukraine
- New Jersey seeks fourth round of offshore wind farm proposals as foes push back
- Chinese premier meets French FM in Beijing
- ABBA, Blondie, and the Notorious B.I.G. enter the National Recording Registry
- China's modified Long March
- CRAIG BROWN: The killer who wants to be Donald Trump's running mate
- Two killed in shooting at Ferguson, Missouri, gas station; officer fired shots
- Charlize Theron brings along adorable daughter August, 7, to sit front row at Dior's pre
- China will not allow Philippines to act willfully on South China Sea issue: Military spokesperson
- HBCU Xavier of New Orleans moves closer to establishing a medical school
- Lucy Boynton turns heads in two eye
Random recommendation
- Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,Global Gesture news portal sitemap