Today: November 2, 2024
November 2, 2024
1 min read

Amazon exceeds expectations with profit of USD 15.3 billion

Amazon

amazon It far exceeded market expectations with its third quarter results, obtaining a net profit of $15.3 billion, more than 54% compared to the same period last year.

Amazon’s cloud computing subsidiary AWS drove the results.

The American online commerce giant had a turnover of $158.9 billion in the period considered, 11% more than in the same quarter last year. The data exceeds the market expectation, which expected 157.2 billion dollars, according to a statement published this Thursday.

“We are entering the holiday season (end of year) and we are very enthusiastic about the stocks we have for our clients,” said Andy Jassy, ​​CEO of the group, which forecasts sales between 181.5 billion and 188.5 billion dollars in the next quarter. .

The market reacted well to the results published after the Wall Street close, and Amazon gained around 5% in after-hours electronic exchanges.

Investor expectations were focused on AWS. The cloud is essential for the development of artificial intelligence (AI), and requires massive investments in energy-intensive data centers.

This Amazon subsidiary, which this year could exceed a turnover of $100 billion for the first time, recorded business in the quarter for $27.5 billion, 19% more than in the same quarter last year.

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