Amazon’s Q1 sales jump 43% to $51bn

Amazon’s Q1 sales jump 43% to $51bn

Amazon notched up net sales of $51bn for the first quarter (Q1), which was an increase of 43% on last year.

Operating income almost doubled – up from $£1.0bn in Q1 2017 to $1.9bn.

One of the key drivers for growth was the Amazon Web Services (AWS) cloud computing business, which was up 49%, accounting for $5.4bn.

The results were significantly better than expected – and Amazon shares were up 7% in after-hours trading.

Meanwhile, sources report that the annual membership feel for Amazon Prime will be increasing on 11 May, In the US, sources report, the annual membership cost will rise by $20, from $99 a year to $119.

Relevant Directory Listings

Listing image

PasarEx

PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This