According to a January 31st, 2019 media release, Amazon net sales increased by 20 percent compared to Q4 2017. AWS revenue alone made up 10 per cent of Amazon's total quarterly sales - reinforcing just how dominant cloud computing has become for a company broadly thought of as an online retailer. Advertising and AWS are Amazon's fastest-growing segments, and the two are increasingly being used in tandem by marketing technology companies and ad agencies.
But besides revenue, profit is also a huge deal, and AWS nailed it there, as well.
The company in October predicted weak revenue for the holiday quarter - its biggest quarter of the year - though Olsavsky at the time said he expected "a strong holiday season".
"This company continues to take wallet share and operate very well", he said.
Amazon.com, Inc. (NASDAQ: AMZN) shares were volatile after reporting a fourth-quarter earnings and sales beat. The forecast was on the low end of analyst expectations' of about $61 billion. Net income was $6.04 per share, compared with an average estimate of $5.56. It has just published its financial reports for the fourth quarter of past year, and it says its revenue is up 45 per cent. Operating expenses grew 18 per cent in the recent quarter.More news: New Zealand beat India by 8 wickets in 4th one-day match
Q1 forecast. Revenue between $56 billion and $60 billion.
Amazon shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 stock index has increased almost 8 percent and the Nasdaq composite has risen 9.7 percent.
In the fourth quarter, overall losses from worldwide operations widened to $642 million, reversing a trend of improving profitability. True, the Seattle behemoth keeps hitting at least 20 percent revenue growth quarter after quarter - a huge success considering Amazon's size - thanks to its aggressive expansion efforts.
Dave Fildes, Amazon's Director of Investor Relations, said on Thursday's earnings conference call that Amazon is "continually evolving" its tools and services for advertisers, to "make sure they've got a variety of ways to meet their goals".
After rising by about 3 per cent in after-hours trading, Amazon shares dipped into the red. Its market cap, more than $840bn as of Thursday afternoon, is the largest of any publicly traded company in the world.More news: Volkswagen dune buggy makes an electric comeback
Still, a tight labour market, rising shipping costs and money-losing investments overseas remain threats.
In North America, sales increased 18% year-on-year, while its global sales climbed 15%. Amazon projected first-quarter growth to hit between 10 and 18 per cent compared to the same period previous year. Net sales increased 31 percent to $232.9 billion, compared with $177.9 billion in 2017. Sales in physical stores, which are predominantly Whole Foods locations, decreased 2.7 per cent to $4.4 billion.
Bezos pointed to the Amazon-branded Echo speakers that are at the heart of the new strategy.
Bezos, the world's wealthiest man and Amazon's biggest shareholder, announced earlier this month that he was divorcing MacKenzie, his wife of 25 years.More news: Prince William And Kate Middleton Will Attend The 2019 BAFTAs