Amazon recently released its first quarter earnings report for the 2018 fiscal year. The report showed that Amazon's first-quarter net profit was $1.629 billion, a 125% increase from the net profit of $724 million in the same period last year; net sales were $51.04 billion, an increase of 43% compared to $35.714 billion in the same period last year. Amazon's first-quarter revenue and earnings per share, as well as second-quarter revenue forecast for the second quarter of 2018, exceeded Wall Street analysts' previous expectations, driving its share price to rise sharply by nearly 7%. Let's take a look at the related content with the network communication Xiaobian.
In the fiscal quarter ended March 31, Amazon's net profit was $1.629 billion, and earnings per share were $3.27, a performance much better than the same period last year. In the first quarter of fiscal 2017, Amazon's net profit was $724 million, and earnings per share were $1.48.
Amazon's operating profit for the first quarter was $1.927 billion, an increase of 92% compared to $10.05 million in the same period last year.
Amazon's first quarter net sales were $51.04 billion, an increase of 43% compared to $35.714 billion in the same period last year. Excluding the positive impact of the $1.6 billion brought about by exchange rate changes, Amazon's first quarter net sales increased 39% compared to the same period last year.
Amazon made a fortune, how did the first cloud computing company make money?
In February of this year, Amazon expects net sales for the first quarter of FY18 to be US$47.75 billion to US$50.75 billion, up 34% to 42% year-on-year, including a positive impact of expected exchange rate changes of approximately US$1.2 billion. , 330 points. Amazon also expects operating profit for the first quarter of FY18 to be between $300 million and $1 billion, compared to $1 billion in operating profit for the same period in 2017.
Amazon's first-quarter revenue and earnings per share exceeded Wall Street analysts' expectations. Financial information provider FactSet survey shows that analysts on average expected Amazon's first quarter earnings per share of 1.24 US dollars, net sales of 49.9 billion US dollars.
Such achievements are undoubtedly difficult to predict before cloud computing vendors have yet to achieve collective profitability. Because of this, Amazon CEO Jeff Bezos even once won the position of the richest man in the world. People's pursuit of Amazon stocks is better than the pursuit of Amazon's AWS business.
In the field of cloud computing, Amazon AWS has been the leader of the Gartner Magic Quadrant, and even far beyond other cloud computing competitors. The reason why Amazon AWS can occupy the commanding heights of cloud computing for a long time is to be closely related to its ability in the following three aspects.
First, keep up with the trend of technology, new features are available every day.
At the “Clouds in the Future†AWS Technology Summit in 2017, Dr. Werner Vogels, Chief Technology Officer of Amazon, said that Amazon AWS will have new features every day, following the development of new technologies such as cloud computing, big data, Internet of Things, and artificial intelligence. On the line, AWS has launched thousands of new features to help users build new applications and truly realize the development of “supersonicâ€.
At the same time, Amazon AWS is also actively innovating container technology, serverless technology, and adopting a more open architecture to provide customers with greater freedom; not only that, but Amazon AWS also supports multiple database types in an open manner and provides The corresponding database migration service helps companies quickly get on the cloud.
Second, there are millions of active users every month.
For Amazon AWS, it is the product technology that is so strong that the company can capture a large number of users and partners around the world and form an increasingly sophisticated ecosystem. When customers have demand, they can quickly find many successful cases in the ecosystem and can learn from them directly.
More than just such loyal customers are growing together with Amazon AWS, and many partners are constantly joining the Amazon AWS ecosystem. As Dr. Werner Vogels said, Amazon AWS will focus on making the IaaS and PaaS parts a lot and freeing up a lot of space for partners. Today, Amazon has thousands of APN partners in the country. Not only that, but from technical consulting to service type partners, it has reached a very high level of service and has the ability to provide comprehensive solutions.
Three, ten years of grinding a sword, plum blossoms
In China, Amazon AWS is accelerating its efforts in technology and operation and maintenance that it has accumulated over the past 10 years in the field of cloud computing. AWS Global Vice President and Greater China Executive Director Rong Yongkang said that Amazon AWS is helping organizations of all sizes to discover the power of cloud computing, making them more agile, growing faster, and able to operate with previously unimaginable flexibility. Today, almost all industry sectors are clearly turning to embrace cloud computing, and Chinese companies are accelerating their transformation. In China's fast-growing market, AWS is working with its partner, Halo, to help customers gain the convenience and benefits of cloud computing.
Of course, for Chinese users, these advantages are not completely able to fully land in China.
On the one hand, Amazon AWS is limited by the issue of compliance, especially in China, where the emphasis on network security continues to increase, Chinese users' data protection and cloud computing procurement have some new specifications, which restrict to some extent. The landing of Amazon AWS services in China;
On the other hand, Amazon AWS is also subject to the capabilities of its partners. Although Amazon AWS has partnered with Halo New Network to bring its leading global cloud services to China, this knowledge transfer, service capability replication and nodes are The spread of the Chinese mainland.
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