Amazon sales up 32% in the first quarter of Amazon

Amazon announced its first quarter 2021 financial results (closed March 31) on April 29, US time. Amazon Web Services (AWS) has an annual revenue run rate of $ 54 billion. The cloud business grew 32% year-on-year, contributing to better-than-expected first-quarter performance. Amazon’s net revenue was $ 108.5 billion, up 44% year-over-year. Net earnings were $ 8.1 billion and diluted earnings per share were $ 15.79, up from $ 2.5 billion in the year-ago quarter and $ 5.01 per diluted share.

AWS, Microsoft, Google–Major Cloud Trends 2021 (1) Analysts forecast sales of $ 104.46 billion and earnings per share of $ 9.54. “The two businesses we’ve grown have celebrated their 10th and 15th anniversary, respectively, until they’ve grown rapidly and each is at its best,” Jeff Bezos, CEO, said in a statement. In its 10th year, Amazon Prime Video has more than 175 million prime members streaming shows and movies over the past year, with streaming times increased by more than 70% year-on-year. In just 15 years, AWS has grown to a $ 54 billion annual revenue run, competing with the world’s largest technology company, and that growth is gaining momentum, up 32% year-on-year. Increasing. Airbnb, McDonald, Volkswagen and others use AWS because we offer an overwhelming range of tools and services. We continue to invent for those companies. I have. ” By sector, AWS net revenue was $ 13.5 billion, up 32% year-over-year, up from 28% in the fourth quarter. Growth in the first quarter of 2020 was 33%.
Amazon’s North American division saw net sales of $ 64.37 billion, up 40% year-over-year, after a turbulent year driven by Corona. Net sales in the overseas division reached $ 30.65 billion, showing a phenomenal increase of 60% year-on-year. AWS continued to account for the majority of operating profit this quarter, generating $ 4.16 billion. Meanwhile, the North American division was $ 3.45 billion and the overseas division was $ 1.25 billion. Advertising services also seem to be boosting sales in the “other” sector. The division’s net sales grew 77% to $ 6.91 billion. Amazon expects net sales of $ 110- $ 116 billion for the second quarter. Operating profit is expected to be $ 4.5-8 billion.