Amazon delivers a big earnings beat heading into Bezos' final quarter as CEO
Amazon issued a rosy outlook for the upcoming quarter underlining the company's expectations of strong sales amid the vaccine rollout and economic recovery.
Total revenue increased 44% year-over-year from $75.5 billion, while AWS sales grew by 32% from $10.22 billion in that period. Profits increased to $8.1 billion, more than tripling the $2.5 billion posted in the first quarter of last year. The company said its annual Prime Day mega deals event will be returning a summertime slot in June, after being pushed back to October last year due to disruption from the pandemic. The return should give a boost to second-quarter sales, which the company projects to land between $110.0 billion and $116.0 billion.
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