Breaking News

Synology Unveils DiskStation DS225 Plus New PS5 system update beta previews DualSense wireless controller pairing across multiple devices EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3 EnGenius Announces Affordable ECW520 Access Point

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Amazon Reports Strong Quarter

Amazon Reports Strong Quarter

Enterprise & IT Apr 29,2016 0

Amazon.com on Thursday reported high profit and revenue demonstrating the growing market power of its core retail business and new cloud services division. The company also offered a bright outlook, with revenue guidance for the current quarter of $28 billion to $30.5 billion, compared to the $28.33 billion analysts had expected.

While Amazon displayed impressive growth for a company its size - revenues last quarter rose 28.2 percent to $29.13 billion, the biggest revenue growth since 2012 - its Amazon Web Services (AWS) cloud computing division was the highlight. Revenues at the division climbed 64 percent to $2.56 billion while operating income more than tripled to $604 million.

AWS, launched 10 years ago, delivered more profit in the quarter than Amazon's retail business. Research firms say AWS has more than 30 percent of the fast-growing cloud-computing market and it remains far ahead of rivals including Microsoft and Google.

Amazon said it also has seen strong growth in subscribers to its Prime loyalty program, which offers one-hour delivery, original TV programming and access to its digital entertainment products such as Prime Music and Prime Video for an annual fee of $99.

Amazon founder Jeff Bezos also touted the success of new hardware products -- such as the Echo voice-response system and the Fire TV Stick.

Amazon's net sales in North America, its biggest market by revenue, increased 26.8 percent to $17 billion in the first quarter.

Amazon reported net income of $513 million for the quarter ended March 31, marking a fourth straight quarter of profits for the once perennially money-losing company.

Tags: Amazon
Previous Post
Google's Pichai Sees the End of Computers
Next Post
Sony Reports Loss But PlayStation Keeps Performing Well

Related Posts

  • Crucial UK Amazon Tech Week Promos - May 2025

  • Crucial UK - Amazon Prime Deals

  • Crucial UK Amazon Prime Deals July 2024

  • Amazon and Anthropic Announce Strategic Collaboration to Advance Generative AI

  • Amazon Introduces Its Most Powerful Fire TV Sticks, Echo Show 8, Echo Hub, Echo Frames and eero Max 7

  • Amazon Introduces Blink Outdoor 4—Even Better Image Quality, Same Long Battery Life

  • Amazon Sues Online Stores Selling Pirated DVDs

  • AMD Showcases Leadership Cloud Performance with New Amazon EC2 Instances Powered by 4th Gen AMD EPYC Processors

Latest News

Synology Unveils DiskStation DS225 Plus
Enterprise & IT

Synology Unveils DiskStation DS225 Plus

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices
Gaming

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE
Enterprise & IT

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3
Drones

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3

EnGenius Announces Affordable ECW520 Access Point
Enterprise & IT

EnGenius Announces Affordable ECW520 Access Point

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed