Total revenue increased 29 percent from last year. North American sales amounted to $ 34.3 billion, an increase of 35…
Total revenue increased 29 percent from last year. North American sales amounted to $ 34.3 billion, an increase of 35 percent compared to last year, while international sales only increased 13 percent to $ 15.5 billion. AWS continued to show strong growth and jumped 46 percent in sales, even though it missed expectations tight. Amazon’s “second” category, mostly consisting of its thriving advertising industry, jumped 123 percent to $ 2.5 billion in revenues.
However, revenues increased more than 10 times from the beginning of the year to record $ 2.8 billion, which marks the fourth straight quarter with a billion dollars in profit. The $ 3.7 billion in operating profit exceeded Street estimates $ 2.1
billion. The increased profit is driven to a large extent by Amazon’s high-margin stores, including its clouds, advertisements and services from third parties.
“We were particularly impressed by the continuing YoY operating margin, which is in line with our opinion. The company has been transformed into a” win machine “driven by several tailwinds (above all AWS, which reported for the first time over 30% operating margin), says Loop Capitals Anthony Chukumba in a note published on Thursday.
Amazon Business CEO Jeff Bezos highlighted Amazon Business, its corporate marketplace.
“Amazon Business has now reached a turnover rate of $ 10 billion and serves millions of private and public organizations in eight countries, “said Bezos in a statement.
Amazon’s quarterly report is in the wake of a broader market sales which saw other technical shares hampered in recent weeks. The Amazon share is up 49 percent this year.
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