AWS net sales came to $5.44 billion for the quarter and delivered operating income of $1.4 billion.
The online retail giant saw its profits for the period more than double from $724m to $1.6bn. The segment's net sales grew year-over-year 49 percent. Shares climbed in after-hours trading.
Analysts on average were expecting US$1.26 per share, according to Reuters. Shares of the online retailer gained 6 percent in extended session. They did say, however, that the company plans to invest further in its own shipping services, which includes planes and on-the-ground logistics that can ship its boxes. Olsavsky added that the company had been experiencing "rises in cost" for providing some of the perks Prime offers like shorter shipping times and access to video streaming.
Amazon Prime has more than 100 million paid subscribers worldwide by Amazon's latest count. Existing members will be charged the higher price starting June 16 as their accounts become eligible for renewal, CFO Brian Olsavskyannounced on Thursday (April 26).
Amazon Web Services, the company's cloud computing business, now has a $20 billion annual revenue run rate, Bezos wrote in the same letter. Overall sales rose 43 percent to $51 billion, up from $35.7 billion a year earlier.
Floor plans reveal Jeff Bezos' big ideas for $23M DC mansion | GeekWire
"The significant acceleration in Other revenues suggests Amazon's advertising ambitions continue to ramp quickly, and is now large enough to drive upside in Amazon's margin profile", said Baird Equity Research analyst Colin Sebastian in a note.
From 11 May, new members will pay $119 Dollars per year for a subscription, up from $99 USD right now.
Profit hit $1.6 billion, or $3.27 a share, compared with $724 million, or $1.48 a share, a year ago. It's the second straight quarter of accelerating growth for the profitable unit.
"Amazon and its consumer flywheel continue to accelerate in the market, both domestically and globally and is showing no signs of slowing down", Ives wrote.
The success of the Switch has been a huge development for Nintendo after the company whiffed on its last console, the Wii U. As for the company's Labo cardboard peripherals, there is no sales information since they were launched only recently.
I do expect a bounce back game from Klay Thompson and I think Iggy will help them a lot control the tempo of this game in Oakland. The Heat have erased a 3-1 deficit only once, in 1997 against NY . "We feel like we're unstoppable".
When Reinking was stopped trying to enter the White House in July 2017, IL state investigators took away four of his weapons. Sustrich said Reinking's' father said he was aware of his son's mental issues and was trying to rekindle their relationship.
Pope Francis has offered prayers and support for Alfie and his parents, including meeting Tom Evans in an audience. On Tuesday, a high court judge decided that the boy's parents could not take him overseas for further treatment.
The Cedar Falls Police Department will once again participate in a national effort to remove potentially risky drugs from homes. According to the Drug Enforcement Agency, 6.4 million Americans abused controlled prescription drugs in 2015.
Voting was 316 to 245, majority 71, to carry over most of the EU Charter of Fundamental Rights into domestic law post-Brexit. Prime Minister Theresa May doesn't really have a choice, the bank's PowerPoint slideshow says.
Trump will decide by May 12 whether to restore the sanctions, which would probably result in a reduction of Iranian oil exports. American crude oil output has overtaken that of top exporter Saudi Arabia.
Earlier, the court has given the guidelines to the public to maintain the law and order during the hearing on Asaram rape case . The judgment is expected to be pronounced around 11am at the special court set up on the premises of Jodhpur Central Jail .
Jeremy Corbyn apologises for Labour anti-Semitism
He added: "The Jewish Leadership Council and the Board of Deputies of British Jews requests were hardly unreasonable". Allegations of Labour anti-Semitism have grown since pro-Palestinian socialist Corbyn was elected leader in 2015.
Former President George HW Bush tweets thanks to Houston
The nation's 41st president has been in hospital since Sunday, a day after the funeral for Barbara Bush , his wife of 73 years. Bush has been moved out of the intensive care ward at a Houston hospital, according to a family spokesperson.
Rapper Meek Mill to be released from prison on bail
Judge Brinkley, who has been barred to speak publicly about the case, appears that she will not recuse herself from the case. Ordering Mill out on bail, the state's Supreme Court cited "credibility issues" over a police officer who was a witness.
Semifinal meeting between Bayern and Madrid rich in history
He will, however, have to contend with the loss of Arturo Vidal after the Chilean's injury ruled him out for the rest of the term. According to France Football's latest figures, Argentina and FC Barcelona forward Messi is the best paid footballer in the world.
Sox Player In Critical Condition After Brain Aneurysm
Farquhar, 31, collapsed in the dugout during the sixth inning of Friday's game against the Astros after facing four batters. My God, this certainly shows the fragility of life and how we take every day for granted.