Amazon significantly increased sales and profits in the Christmas quarter thanks to its retail business and cloud division.
Revenues grew by 14 percent year-on-year to 170 billion US dollars (154.4 billion euros), as Amazon announced after the US stock market closed on Thursday. The bottom line is that profits jumped from around $300 million a year ago to $10.6 billion.
In the AWS cloud division, sales rose by 13 percent to $24.2 billion. This means that growth accelerated somewhat after being at twelve percent in the previous quarter. At the same time, AWS increased its operating profit from $5.2 to around $7.2 billion.
Amazon shares are 5.57 percent higher at $168.15 in after-hours US trading on the NASDAQ.
Editors finanzen.net and dpa-AFX
Selected leverage products on Amazon
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Amazon
The leverage must be between 2 and 20
Advertising
Image sources: Ioan Panaite / Shutterstock.com, Sundry Photography / Shutterstock.com