Leidi.com Rakuten August 4th
Amazon (NASDAQ: AMZN ) reports earnings today. The financial report shows that Amazon's revenue in the first half of 2023 was US$261.7 billion, compared with US$237.678 billion in the same period last year; net profit was US$9.922 billion, compared with a net loss of US$5.872 billion in the same period last year.
Amazon's revenue in the second quarter of 2023 will be $134.4 billion, an increase of 11% from $121.2 billion in the same period last year.
Amazon CEO Andy Jassy (Andy Jassy) said: "We continue to reduce the cost of serving our fulfillment network, while providing Prime customers with the fastest delivery speed we have ever recorded. As customers begin to move from cost optimization to new Workload deployment, our AWS growth has plateaued, and AWS continues to solidify its meaningful position in the cloud with a series of generative AI releases, making it easier and more cost-effective for companies to train and run models (Trainium and Inferentia chip), customizing large language models to build generative AI applications and agents (Bedrock), and writing code more efficiently with CodeWhisperer.”
Among them, Amazon’s revenue from North America in the second quarter of 2023 was US$82.5 billion, an increase of 11% over the same period last year; revenue from international business was US$29.7 billion, an increase of 10% over the same period last year; revenue from the AWS sector It was 22.1 billion US dollars, an increase of 12% over the same period last year.
Cloud computing performance is top of mind for tech investors right now, as the industry navigates a slowing economy and an uncertain future. For Amazon in particular, AWS has long been seen as vital to its broader business.
Amazon's operating profit in the second quarter of 2023 was US$7.7 billion, compared with US$3.3 billion in the same period last year; among them, operating profit from North America was US$3.2 billion, compared with an operating loss of US$600 million in the same period last year; The operating loss of the segment was US$900 million, compared with an operating loss of US$1.8 billion in the same period last year; the operating profit from the AWS segment was US$5.4 billion, compared with an operating profit of US$5.7 billion in the same period last year.
Amazon's net profit in the second quarter of 2023 was US$6.75 billion, compared with an operating loss of US$2.028 billion in the same period last year.
It is worth noting that Amazon made major layoffs at the beginning of the year, and Amazon's layoffs will expand to more than 18,000 positions, which will improve Amazon's profit level.
Amazon expects revenue in the third quarter of 2023 to be US$138 billion to US$143 billion, an increase of 9% to 13% over the same period last year; operating profit is expected to be US$5.5 billion to US$8.5 billion.
Although the outside world had concerns about Amazon's cloud business performance earlier, Amazon's revenue and profits exceeded expectations. Amazon's stock price rose by more than 9% today. As of now, the company's market value is about 1,457.8 billion US dollars.
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