Amazon.kom, Inc. Records 1st quarter sales growth and posts $1B-plus profit

Amazon.com Ink. (Nasdaq: weekly news) reported its best sales growth in more than six years, and soared past $1 billion profit again. Yesterday the stock events of the week closed with almost 4% In anticipation of the results for the first quarter of 2018.

Amazon more than doubled quarterly net profit of $1.6 billion, while revenues grew by nearly 43%. Revenue growth was one of the best events of the week of the 3rd quarter of 2011. Said Amazon.com the better-than-expected results were achieved thanks to its web services, Amazon Cloud services and the surge of the advertising company.

“Arm had a gap of seven years ahead of peers of the competition, and the team never slowed down,” says Jeff Bezos, Amazon founder and CEO. “As a result, the aws are by far the most developed and the most functionality rich. Aws allows developers to do more and quicker, and it continues to get better every day. That’s why you see this wonderful growth of the aws now for two consecutive quarters. A huge thank you to all our aws customers and you can be assured that we will continue to work for you.”

Managing events of the week updated its guidance B2, anything that net sales are expected to be between 51.0 billion and $54,0 billion, or to grow from 34% to 42% compared to Q2 2017. This guidance assumes a favorable impact of approximately $ 1.2 billion, or 320 basis points from foreign exchange rates. Operating profit is expected to be between $1.1 billion and $1.9 billion, compared with 628 in the 2nd quarter of 2017 million.

Source: Statista

Aws and saw huge growth. Sales rose 49 per cent to 5.44 billion dollars, and operating profit increased by 57% to $ 1.4 billion. Arm has faced increased competition from rivals, including Microsoft (Nasdaq: Russian market) and alphabet Inc (USA: stock markets) in recent months. Microsoft on Thursday said that its cloud-business revenue grew 93%.

Ahead of yesterday’s announcement of the profit InvestorPlace Josh Enomoto wrote: “I completely understand why some traders adopted a cautious approach heading into weekly earnings. While I half joke that Amazon shares automatic investment, you must be vigilant with everything that concerns money. That said, I think that some bears don’t look too deeply into details, trying to find weaknesses that don’t exist”.

 

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