Current location:Cultural Current news portal > business
Amazon reports strong 1Q results driven by its cloud
Cultural Current news portal2024-05-22 02:14:55【business】0People have gathered around
IntroductionNEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in
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.
Address of this article:http://bosniaandherzegovina.arandomquote.com/news-45b899102.html
Very good!(6)
Related articles
- Lafrenière continuing his breakthrough season as a solid contributor for Rangers in NHL playoffs
- Celtics coach Joe Mazzulla says playoff basketball doesn't change much from regular season
- Wenceel Pérez hits a 2
- Strictly Come Dancing star 'set to join Celebrity Gogglebox with his younger brother and dad'
- Eleanor Tomlinson puts on a leggy display in sparkly black minidress as she joins co
- Binky Felstead showcases her toned midriff in all
- 10 spotted seals released into ocean off northeast China city
- Police officer hiring in US increases in 2023 after years of decline, survey shows
- Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
- Rose Lavelle scores in Gotham debut for 1
Popular articles
Recommended
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Rookie Langford's inside
Celtics coach Joe Mazzulla says playoff basketball doesn't change much from regular season
Pope visits Venice to speak to the artists and inmates behind the Biennale's must
Rays opening day starter Zach Eflin placed on 15
Estrada, Yastrzemski hit back
Brandon Pfaadt strikes out career
South Africa marks 30 years since apartheid ended
Links
- Sean 'Diddy' Combs: What we know about the accusations against him
- Heavy rain warning for Westland likely to move to red
- Five arrested in Taupō on Tuesday after group brawl at Richmond shops
- Winston Peters back in the driver’s seat for coalition negotiations
- Smokefree law changes a 'completely backwards step'
- International Women’s Day: How can we have equity when we don't have pockets?
- ACC admits it failed amputee over unpaid entitlements
- Government warns against travel to Gaza, Israel border regions
- International Women’s Day: How can we have equity when we don't have pockets?
- Man arrested as hostage situation in Dutch nightclub ends