Amazon's Q1 revenue of US$143.31 billion (NZ$243.62 billion) showed a 13% increase. Net income was US$10.43 billion (NZ$17.73 billion), exceeding analysts' expectations.
AWS sales hit US$25.04 billion (NZ$42.56 billion), up 17% from last year. AI capabilities have reaccelerated AWS growth towards an annual revenue target of US$100 billion.
United States consumer spending remains robust despite higher prices and borrowing costs. Amazon's CFO noted cautious spending habits among US customers, with lower spending seen in Europe.
Amazon CEO Andy Jassy highlighted a positive start to the year, emphasizing improvements in customer experience and financial performance.
[
add
]
[
|
|
...
]