Menu
Amazon's Cloud is flying high, but profit disappoints overall

Amazon's Cloud is flying high, but profit disappoints overall

AWS produced $US687 million profit last quarter, a jump of 69 per cent

Profits from Amazon's Cloud division jumped 69 per cent last quarter, but the rest of its business fared less well.

Amazon Web Services generated an operating profit of $US687 million in the three months to December 31, on sales of $US2.4 billion, Amazon said. That was up from $US240 million in profit and sales of $US1.4 billion a year earlier.

Amazon started breaking out its Cloud numbers last year and it's proved to be the most profitable part of its business. Operating margins at AWS were 29 per cent last quarter, compared to 3 per cent for the company as a whole.

But its results overall, including e-commerce sales and movie rentals, fared less well. Total worldwide sales were up 22 per cent to $US35.8 billion, but earnings of $US1 per share were well below the $US1.56 analysts had been expecting, according to a poll by Thomson Reuters.

That pushed Amazon's shares 11 per cent lower in after hours trading, to $US562, wiping out the 9 per cent gain it made during regular trading.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags amazon.com

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments