Author: Emil Protalinski / Source: VentureBeat
Amazon today reported earnings for its first fiscal quarter of 2019, including revenue of $59.7 billion, net income of $3.6 billion, and earnings per share of $7.09 (compared to revenue of $51.
0 billion, net income of $1.6 billion, and earnings per share of $3.27 in Q1 2018). North American sales were up 17% to $35.8 billion, while international sales grew 9% to $16.2 billion.Analysts had expected Amazon to earn $59.65 billion in revenue and report earnings per share of $4.72. The retail giant thus only slightly beat on revenue but destroyed on earnings per share. The company’s stock was flat in regular trading, but up some 1% in after-hours trading. Amazon gave second quarter revenue guidance in the range of $59.5 billion and $63.5 billion, compared to a consensus of $60.88 billion from analysts.
AWS, subscriptions, and ‘other’
Amazon Web Services (AWS) continued to be the star of the show, growing 41% in sales to $7.7 billion. AWS thus accounted for about 13% of Amazon’s total revenue for the quarter. AWS is the cloud computing market leader, ahead of Google Cloud and Microsoft…
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