Friday, 22 February, 2019


'Alexa was very busy': Amazon reports record profits and strong holiday season

'Alexa was very busy': Amazon reports record profits and strong holiday season 'Alexa was very busy': Amazon reports record profits and strong holiday season
Conrad Doyle | 01 February, 2019, 18:23

The company's $3 billion quarterly profit almost matched what it earned in all of 2017.

Looking at the company as a whole, holiday quarter sales hit $72.4 billion, up 20 per cent compared to the same period past year. The cost of stowing, packing and delivering goods increased 12 per cent in the holiday quarter to US$10 billion, in line with online sales growth of 12.5 per cent.

Amazon's "other" businesses, which is mostly online advertising, funnily enough, amounted to $3.4bn, up 95 per cent.

The e-commerce company on Thursday reported fourth-quarter revenue of $72.4 billion, up 20 percent and at the top of the company's guidance from October.

For the first quarter of fiscal 2019, Amazon is expecting net sales between $56 billion and $60 billion.

First published January 31, 1: 26 p.m. PT. Update, 2:14 p.m. PT: More details added throughout. Worldwide revenue was $20.8 billion. But he had few encouraging words about growth in India, saying the effects of new e-commerce regulations in the country are still uncertain.

The outlook overshadowed Amazon's record sales and profit during the holiday season. Amazon increased the price of Prime a year ago, and free two-day shipping has become a common offering from other retailers. Sales for the full year grew 31 percent to $232.9 billion.

"That number will move around", Olsavsky said on the earnings call.

Amazon Web Services- which provides cloud-computing services to Netflix, Samsung and NASA, among many others - continued to be another big revenue booster, with the segment posting 45 percent growth. The company has also committed to a major expansion in Virginia and NY with a $5 billion price tag.

Net income jumped 63 percent to $3 billion for the fourth quarter, ahead of analysts' estimates.

"At some point, they're going to have to look for more sales opportunities outside of traditional retail, otherwise the law of large numbers is going to have a greater impact on future sales growth", said Tom Forte, managing director and senior research analyst at D.A. Davidson. The cloud business has become crucial to the success of its parent, not only for revenue but also for profits.

On a 30-minute earnings call with analysts, Bezos' planned split from wife MacKenzie never came up - despite brewing concerns over how the couple of 25 years might divide up their 16 percent stake in Amazon and whether Bezos' role in the company could change as a result. AWS accounted for 10 percent of the company's net sales in the quarter, up from 8 percent in the year-earlier period. A lucrative cloud computing business, as well as fees that merchants pay Amazon to ship and advertise their products, has fattened the company's once-thin profit margin.

The results were the first to show the impact of Amazon's pay rise.

Recommended

loading...
...
  • Man allegedly 'fakes' slip and fall to get insurance money

    Man allegedly 'fakes' slip and fall to get insurance money

    A man from New Jersey was arrested trying to pull an insurance scam. "Yes, I was brought to the police department", he said. It happened past year at an unnamed company in Woodbridge, where Goldinsky was working as an independent contractor.
    Protect Yourself from Measles During the Outbreak

    Protect Yourself from Measles During the Outbreak

    Of those, just 1 percent had medical exemptions, while a massive 7 percent objected due to "personal or religious reasons". As of Friday, Clark County Public Health had posted even higher numbers, with 30 confirmed and nine suspected cases.

    'Record' fentanyl drug bust made at US-Mexico border

    Mexican traffickers also smuggle drugs using vehicles crossing north through the San Diego port of entry, the AP said. It gained notoriety after an overdose of the painkiller was deemed to have killed pop singer Prince in 2016.
  • Waterloo Region police join Bell Let's Talk conversation

    Waterloo Region police join Bell Let's Talk conversation

    How will you support your employees' mental health today? There are significant consequences to the public misconceptions and fears.
    Tusshar Kapoor over the moon after Ekta Kapoor welcomes son Ravie

    Tusshar Kapoor over the moon after Ekta Kapoor welcomes son Ravie

    Before Ekta Kapoor, it was her brother Tusshar Kapoor who became a father to son Laksshya through surrogacy in 2016. As soon as the news of Ekta embracing motherhood surfaced, she was inundated with congratulatory messages.
    Pelosi and Trump harden positions on border wall

    Pelosi and Trump harden positions on border wall

    Is there a place for enhanced fencing? "Lets just call them WALLS from now on and stop playing political games!" he tweeted. Pelosi, however, left a small door open to expanding the fencing that now exists along portions of the southern border .
  • Students killed in walkway collapse at South African school, say officials

    Students killed in walkway collapse at South African school, say officials

    The reason for the walkway's collapse was not immediately known, but all relevant authorities were on the scene to investigate. Netcare 911 reported earlier that "multiple people have sustained injuries ranging from minor to moderate".
    Champion trainer Darren Weir charged over jiggers

    Champion trainer Darren Weir charged over jiggers

    Trainer Jarrod McLean, 38, and licensed foreperson Tyson Kermond, 26, were quizzed at Racing Victoria's offices yesterday. Racing Victoria's minimum penalty for the use of illegal devices during training is a two-year ban from the sport.
    Simmons becomes Australia's first NBA All-Star

    Simmons becomes Australia's first NBA All-Star

    VideoGreg Hire talks to Chris Robinson about "the fun bus" on the road, and living vicariously through the younger players. The historic achievement is a glowing endorsement for the Melbourne-born guard's consistent form this season.
  • Russian lawmaker detained in parliament in murder probe

    Russian lawmaker detained in parliament in murder probe

    Then a vote was announced to relieve Arashukov of his parliamentary immunity to allow him to be charged for murder. The elder Arashukov now serves as advisor to the CEO of a Gazprom subsidiary.
    Mizzou football banned from 2019 bowl over academic violations

    Mizzou football banned from 2019 bowl over academic violations

    He argued that the infraction was based on the actions of one person who acted outside their expectations for staff members. That means that the Tigers' highly regarded football team won't be eligible for the SEC title game or a bowl game this fall.
    Breakfast might not help weight-loss - but you shouldn't skip meals

    Breakfast might not help weight-loss - but you shouldn't skip meals

    She said that around 80% of people in Ireland don't eat enough fibre and she said she would have "a huge concern if people suddenly cut it out".

Details Set for Trump’s Summit With North Korea’s Kim Jong Un Details Set for Trump’s Summit With North Korea’s Kim Jong Un He defended his handling of foreign policy, pointing to "tremendous progress" with North Korea over its nuclear weapons program. North Korea has balked at such a demand, claiming an inventory will give the US a list of targets to destroy.

Cory Booker jumps into 2020 White House race Cory Booker jumps into 2020 White House race When someone tweeted that her elderly father needed help shoveling his driveway, Booker showed up to do it himself. Tulsi Gabbard , and a likely run from Sen.

Dwayne Johnson Reveals 'Hobbs & Shaw' Trailer Launch Date, Potential Jason Momoa Position Dwayne Johnson Reveals 'Hobbs & Shaw' Trailer Launch Date, Potential Jason Momoa Position In another Instagram post, Johnson hinted at the film's major themes: family and smashing stuff. Unfortunately for these critics, there are more Fast and Furious spin-offs in the work.

US announces withdrawal from nuclear arms treaty with Russia US announces withdrawal from nuclear arms treaty with Russia The U.S. has informed its North Atlantic Treaty Organisation allies of its intention, according to the information. Moscow expects to receive "some sort of notice" from Washington about its withdrawal on Saturday, Peskov said.

Liverpool vs. Man City: Which one will top the Premier League? Liverpool vs. Man City: Which one will top the Premier League? The Gunners have won back-to-back top-flight matches, against Chelsea and Cardiff City, to move into the top four on goal difference.

Prince William And Kate Middleton Will Attend The 2019 BAFTAs Prince William And Kate Middleton Will Attend The 2019 BAFTAs " Meghan and I did musicals together as kids", she captioned the photo Prince Harry while also fulfilling her duties as Duchess. She paired the sleek hairdo with a floaty black midi dress, a chic Givenchy cape coat and a pair of nude stiletto heels.

Here's Why Facebook Just Hired One of Its Biggest Critics Here's Why Facebook Just Hired One of Its Biggest Critics The company faces demographic challenges as younger users shift to other platforms, seeing Facebook as less cool than it once was. Zuckerberg also noted that there would be practical benefits to allowing people to send messages between apps.

Super Smash Brothers Ultimate Piranha Plant DLC Appears To Chomp Save Data Super Smash Brothers Ultimate Piranha Plant DLC Appears To Chomp Save Data The following spirits will now appear in the Shop. ・Adjusted the calculation method for Global Smash Power. Finally, there are some new spirits themed around recent games Pokémon: Let's Go and Super Mario Party.

United Nations expert to probe Khashoggis murder United Nations  expert to probe Khashoggis murder Turkish officials accuse Crown Prince Mohammed bin Salman of having orchestrated the killing, which Riyadh denies. Ankara accused Riyadh of failure to cooperate in the investigation and called for an worldwide probe.

Interim budget 2019-20 Interim budget 2019-20 In 2018-19, the largest downside to revenues has been from the GST mop up with the shortfall likely at around Rs 1.4 lakh crore. Goyal was appointed interim Finance Minister on January 23 with Arun Jaitley undergoing treatment in the United States.

New Zealand vs India - Highlights & Stats New Zealand vs India - Highlights & Stats India were all out for 92 with 19.1 overs to spare as the dominant form that swept them to a 3-0 series victory disappeared. And sometimes, it's embarrassing losses like this one which are a blessing in disguise in the long run.

Priyanka Chopra reveals why mother Madhu Chopra was upset at her wedding Priyanka Chopra reveals why mother Madhu Chopra was upset at her wedding There were several reports in the past that the reason behind her hasty decision to get married is because she was pregnant. She stated that they used to chat on a regular basis and got to know each other pretty well from then on.

Katharine McPhee Shares Throwback Photo of Her & Meghan Markle Doing Musicals Together! Katharine McPhee Shares Throwback Photo of Her & Meghan Markle Doing Musicals Together! On Friday she will travel to Bristol for a joint engagement alongside her husband Prince Harry , her third engagement of the week. Meghan Markle has officially returned to her acting routes - however, it wasn't to Suits as some recent rumours have suggested.

Senate GOP Rebukes Trump Over Syria, Afghanistan Withdrawals Senate GOP Rebukes Trump Over Syria, Afghanistan Withdrawals The moves received considerable blowback from his defense and foreign policy establishment, as well as many Republican lawmakers. The measure would be an amendment to a broader Middle East security bill being debated in the Senate.

NBA Shocker: Mavericks Finalizing Deal to Acquire Kristaps Porzingis NBA Shocker: Mavericks Finalizing Deal to Acquire Kristaps Porzingis The Knicks would acquire guard Dennis Smith Jr . and center DeAndre Jordan while also sending Tim Hardaway Jr .to Dallas. That conversation left the team with the impression he wanted to be traded , per an earlier Wojnarowski report .