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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