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Amazon tripled its net income

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The company’s net income in January-March was $10.4 billion, compared with $3.17 billion in the same period in 2023.

The world’s largest Internet service Amazon.com Inc. in the first quarter of 2024, net income increased more than three times and revenue increased by 13%, to $143.3 billion This was stated in the company’s press release.

The company’s net income in the January-March period was $10.4 billion, or 98 cents per share, compared with $3.17 billion, or 31 cents per share, in the same period last year.

Cloud service Amazon Web Services (AWS) increased revenue in January-March by 17%, to $25 billion.

Since the beginning of the year, Amazon’s capitalization has grown by 17.8%, to 1.86 trillion. dollars.

As we wrote earlier, the American corporation Microsoft and Amazon stopped accessing their cloud products in Russia from March 20.

A Moscow court fined Amazon 200 million rubles
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Source: korrespondent

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