In its first-quarter financial results, released Tuesday afternoon, Amazon reported $143 billion in revenue, $10.4 billion in profit and 98 cents earnings per diluted share. Amazon's first-quarter profit matches the result it saw at the end of last year, when the company reported $10.6 billion in net income.
On Tuesday, Amazon CEO Andy Jassy credited factors like faster delivery, growing advertising business, and increased interest in cloud computing and AI among business consumers for Amazon's growth. 'It's very early days in all of our businesses and we remain excited by how much more we can make customers' lives better and easier moving forward,' Jassy said.
Sales for Amazon Web Services increased 17% to $25 billion, advertising service sales increased 24% year over year to $11.8 billion, and overall operating income increased to $15.3 billion in the first quarter of 2024, compared to $4.8 billion in the same period last year.
[
add
]
[
|
|
...
]