[ad_1]
Amazon announced today that it has exceeded the already optimistic forecasts of the first quarter of Wall Street. The e-commerce giant's revenues have slowed somewhat, helping to moderate trading fluctuations after regular business hours, but the company is benefiting significantly from its ever-increasing profit margins.
Net income for the quarter reached $ 3.6 billion, a new record for the company. Much of these inflated margins can be attributed to online services, including advertising and, in particular, to cloud services via AWS.
The results report shows how the site has diversified its portfolio. Profits now include the results of Whole Foods, absorbed by Amazon last year. The grocery chain has seen the impact of multiple price declines since joining Amazon, although growth in this area is slow compared to the company's cloud offerings.
Jeff Bezos took the opportunity to highlight the increased investment of society in education. Amazon has been striving to put forward its moderate side lately, as it has been the target of negative publicity on working conditions in its execution centers and has since terminated the project to open a head office in Queens.
"Leo Jean Baptiste, son of a single working mother, grew up speaking Haitian Creole in a New Jersey home without access to the Internet. He is also one of the first 100 high school students to have received a $ 40,000 Amazon Future Engineer Scholarship and an internship at Amazon, "he said in a statement. "Our passion for invention has led us to create Amazon Future Engineer to help young people like Leo from under-represented groups and underserved communities across the country."
This is an optimistic picture for a company that kills profits, although it was less optimistic about the second quarter as its growth slowed. Amazon has provided forecasts of $ 1.6 billion below Wall Street's $ 4.2 billion expectations. As noted by CNBC, this may well indicate the company's intention to make additional investments in the future.
[ad_2]
Source link