Home / Business / Amazon convinces shareholders with a jump in profits | 04/26/18

Amazon convinces shareholders with a jump in profits | 04/26/18

Amazon, the online store giant, has released its figures in the last quarter.

Flowering e-commerce and thriving cloud services have dampened Amazon's early activities. In the first quarter, revenues increased by 43 percent year on year to $ 51 billion (42 billion), as the online giant announced Thursday after the US market in Seattle. The surplus rose from $ 724 million to $ 1.6 billion. Thus, the group broke the bill for the second quarter in succession, which has never been successful before.

Again, Amazon's commercial cloud division AWS proved to be an important growth driver, enabling companies to book IT services and storage space on the Internet. In this highly profitable company, revenues rose 49 percent to $ 5.4 billion. Overall, the quarterly results clearly exceeded the analyst's expectations. Investors were happy, the stock rose in a first response by about seven percent to record high.

/ hbr / DP / he

SEATTLE (awp international)

Source: Jonathan Weiss / Shutterstock.com, Twin Design / Shutterstock.com, Gil C / Shutterstock.com, Annette Shaff / Shutterstock.com

&status=0"; fjs.parentNode.insertBefore (js, fjs); } (document, "script", "facebook-jssdk"));
Source link