Quarterly figures: Amazon surprises with profit of $ 92 million – 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 last year’s 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 reports completely avoided – Amazon has invested its revenues each complete and reported on the basis of .-billion investment in infrastructure and marketing programs as Prime each loss

As a profit-driver proved particularly Amazon’s Web services division AWS: The Cloud Business was able to increase its sales over the same quarter last year by more than 80 percent, and brings the Group now 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 AWS profit of 391 million, corresponding to a margin of 21 percent – the trading business Amazon provides 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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