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Amazon is Not Only an Online Store

Keeping up with the theme of this earnings season, surpassing low expectations, Amazon reported results way better than they were expected. This e-commerce giant that had fought to live up to expectations in 2022, reported a net profit of $3.2 billion on net sales of $127 billion on Thursday, for the first three months of 2023, beating analyst expectations on the top and bottom line.

Andy Jassy, the CEO of Amazon, said by pointing towards robust advertising growth, improved cost efficiency in the company’s vast fulfillment network and record fast delivery speeds for Prime members,

 

“There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,”

 

While there was in fact a lot to like in the results, stakeholders do have an inclination to focus on the negative perspectives and so it was a comment made by CFO Brian Osavsky on the company’s earnings call that turned an initial 10-percent pop in Amazon’s share price into a three-percent decline by late Thursday evening and Friday morning.

 

"As expected, customers continue to evaluate ways to optimize their cloud spending in response to these tough economic conditions in the first quarter,"

 

Olsavsky had told the analysts, warning that April figures pointed towards AWS (Amazon Web Services) revenue growth rates about 500 basis points below the growth figure of Q1. In the first quarter, Amazon had seen 16 percent growth in its AWS segment, which was already down from 29 percent growth in the full year 2022.

 

As the infographic used here illustrates, AWS is the third biggest operating segment of Amazon in terms of sales, but because it is by far the most profitable part of the company’s vast operations, the stakeholders are likely to look at its performance particularly thoroughly. The infographic also illustrates that Amazon - world’s most popular online retailer has extended its business considerably over the past few years. While its core “online stores” business, i.e. first-party e-commerce sales recognized on a gross revenue basis, accounted for 64 percent of sales in Q1 2017, it amounted to just 40 percent of total sales in the latest quarter.


Amazon is Not Only an Online Store


Infographic by: statista

Share This Infographic On Your Site

Amazon is Not Only an Online Store #Infographic

 

Amazon is Not Only an Online Store

Keeping up with the theme of this earnings season, surpassing low expectations, Amazon reported results way better than they were expected. This e-commerce giant that had fought to live up to expectations in 2022, reported a net profit of $3.2 billion on net sales of $127 billion on Thursday, for the first three months of 2023, beating analyst expectations on the top and bottom line.

Andy Jassy, the CEO of Amazon, said by pointing towards robust advertising growth, improved cost efficiency in the company’s vast fulfillment network and record fast delivery speeds for Prime members,

 

“There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,”

 

While there was in fact a lot to like in the results, stakeholders do have an inclination to focus on the negative perspectives and so it was a comment made by CFO Brian Osavsky on the company’s earnings call that turned an initial 10-percent pop in Amazon’s share price into a three-percent decline by late Thursday evening and Friday morning.

 

"As expected, customers continue to evaluate ways to optimize their cloud spending in response to these tough economic conditions in the first quarter,"

 

Olsavsky had told the analysts, warning that April figures pointed towards AWS (Amazon Web Services) revenue growth rates about 500 basis points below the growth figure of Q1. In the first quarter, Amazon had seen 16 percent growth in its AWS segment, which was already down from 29 percent growth in the full year 2022.

 

As the infographic used here illustrates, AWS is the third biggest operating segment of Amazon in terms of sales, but because it is by far the most profitable part of the company’s vast operations, the stakeholders are likely to look at its performance particularly thoroughly. The infographic also illustrates that Amazon - world’s most popular online retailer has extended its business considerably over the past few years. While its core “online stores” business, i.e. first-party e-commerce sales recognized on a gross revenue basis, accounted for 64 percent of sales in Q1 2017, it amounted to just 40 percent of total sales in the latest quarter.


Amazon is Not Only an Online Store


Infographic by: statista

Share This Infographic On Your Site

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