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.