Amazon reported $143.31 billion in Q1 revenue, 13% higher than last year, with a net income of $10.43 billion, beating Wall Street expectations. CEO Andy Jassy highlighted strong customer experience and financial results.
U.S. consumer spending stays robust despite higher costs. CFO Brian Olsavsky noted consumers are price-conscious, seeking deals and spending less in Europe. Amazon continues to benefit from discount events and fast shipping.
Amazon's AWS revenue reached $25.04 billion in Q1, a 17% increase YoY. AWS, vital for Amazon's AI competitiveness, serves primarily business clients. The unit's growth remains steady amid the competitive tech landscape.
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