A few days ago, Amazon announced the fourth quarter of 2019 financial report, revenue increased 21% year-on-year, and net profit increased 8% year-on-year, both exceeded market expectations.
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Amazon Q4 earnings report exceeds expectations, cloud computing business contributed nearly 70% of profits
A few days ago, Amazon announced its financial results for the fourth quarter of 2019. Revenue increased 21% year-on-year, and net profit increased 8% year-on-year, all exceeding market expectations. On the trading day after the earnings report was released, Amazon’s stock price rose sharply, and its market value was close to one trillion US dollars.
This quarter, Amazon’s cloud computing business performed well, with revenue of $ 9.954 billion, an increase of 34% year-on-year. Although the growth rate was lower than 40% for three consecutive quarters, the operating profit rate of 26% increased from 25.1% in the previous quarter. The operating profit of the cloud computing business in the fourth quarter was as high as $ 2.6 billion, accounting for 67% of Amazon’s total operating profit for the quarter.
Amazon’s “One Day Service” launched in April last year has also been effective. The fourth quarter financial report shows that Amazon’s online retail business growth slowed to 15% year-on-year, but third-party seller services and other businesses (mainly advertising business) increased by 30% and 41% year-on-year, and grocery delivery orders were up from last year More than double. Amazon CFO Brian Olsavsky said during the earnings call …
Editor’s comment: At present, Amazon’s advantage in cloud computing business has given the market great confidence. However, from another perspective, the strength of the cloud computing business also reflects …
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