Amazon rises over 6% signs of cloud business acceleration [financial results summary] do you know better than anywhere else

Amazon's third-quarter sales were 143.83 billion dollars, up 13% from the same period last year, and surpassed market expectations of 141,563 billion dollars, an 11% increase from the same period last year.

What is the sales volume of the cloud business that is attracting attention12%An increase of 23.059 billion dollars. The rate of increase in sales fell to a record lowApril-6 month termIt was flat since then.Although the sales growth rate of the cloud business fell slightly short of expectations, drastic cost control progressed, and strong sales in the online shopping business boosted profits。Chief Executive Officer Andy Jassie (CEO) at the financial results briefingThe cloud business is stable, and many contracts were signed at the beginning of this fiscal yearI explained that to investors. There was a scene where stock prices that rose after financial results were announced temporarily broke the closing price on the 26th due to disgust over the sense of stagnation in the cloud business. In response to Mr. Jassie's remarks at the financial results briefing, once again temporarily at the closing price ratio on the same dayOver 5%It began to rise.

It is said that the profit margins of the company's North American and international operations have reached the highest level in recent years. The sales forecast for the third quarter was 138 to 143 billion dollars, and the operating profit forecast was 5.5 to 8.5 billion dollars. It was revealed that the results for the third quarter exceeded the company's highest expectations.

In addition to the increase in sales in all business divisions, factors that boosted Amazon's profit more than expected includeCost containmentwas also successful.

AWS sales for the third quarter reached $23.59 billion, which was almost in line with market expectations. Sales growth of 12.3% over the same period last yearSigns that it will accelerate for the first time since the fourth quarter of 2021, putting an end to six consecutive quarters of slowdownIt was shown, but the growth rate, which stays in the 12% range, is not high.

AWS's operating profit reached 7 billion dollars in the third quarter, up 29% from the same period last year, making it the highest level in history. The profit margin also soared to 30.25%, reaching a high level for the first time in 2 years.

Meanwhile, it is also attracting attention that the sales growth rate of Amazon's cloud business was far inferior to Microsoft Azure's 29% and Google Cloud's 22% in the 3rd quarter. It is said that this suggests that Amazon has lost part of its market share in the cloud field.

Online store salesIt surpassed market expectations of 57 billion dollars, up 7% from the same period last year to 57.267 billion dollars. Amazon says that Prime Day membership day in July is the biggest promotion in the company's history.