Quarterly figures: Amazon surprised 92 million dollars in profits – THE WORLD

Amazon surprised investors with the latest quarterly figures: expected a loss of up to 14 cents per share – instead gave CEO Jeff Bezos a quarter profit of 19 cents per share, or about $ 92 million from. Amazon surpassed sales expectations with a quarterly revenue of $ 23.2 billion – 20 percent higher than the same period last year – also significantly.

In the first quarter Bezos had a loss of over $ 120 million Report, winning the last three months comes unexpectedly for investors.

Accordingly, reacted positively to the stock price in after-hours trading, the Amazon papers posted an increase of up to 18 percent of its value and traded with more than 500 dollars on a new all-time high.

Profits surprised investors also because Jeff Bezos had in recent quarters earnings announcements completely avoided – Amazon has invested its revenues each complete and reported due to invest billions in . infrastructure and marketing programs like Prime each loss

proved to be profit drivers especially Amazon’s Web services division AWS: The cloud business increased its sales compared to the previous quarter increase by more than 80 percent, bringing the Group become a more than 1.8 billion dollars per quarter.

Unlike the trading business with its extremely low margins is AWS, the currently most successful cloud service for businesses, also highly profitable: Amazon showed for the quarter an AWS-profit of 391 million, corresponding to a margin of 21 per cent – the commercial act involves Amazon only a margin of about two percent.

AWS division is thus responsible apparently single-handedly for the unexpectedly high profits Amazon. AWS is currently especially successful in Europe, Amazon pointed explicitly to the high growth rates of the newly opened European office in Frankfurt.

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