Amazon, 150 million Prime users worldwide and growing earnings

Amazon, 150 million Prime users worldwide and growing earnings

Amazon he just released his quarterly earnings report for fiscal year 2019 and the response from investors has been exceptional, to such an extent that the company has exceeded one trillion share as market capitalization. The turnover for the last quarter was 87.4 billion dollars for the Bezos company, also thanks to the "frenzy" of the Christmas holidays. In addition, a 21% increase was recorded compared to last year.

According to what Amazon's management revealed, the company has shipments quadrupled in the day and for the next day compared to last year's figures and attributed part of the success of the Christmas season to the company's ability to offer fast shipments. Thanks to its fast delivery services, it managed to bill almost $ 13 billion in shipping costs, an increase of 40% over the previous year.

Among the numbers of the company, the i 150 million Amazon Prime subscribers worldwide. In addition, the excellent financial result for the quarter was also achieved at growth, in continuous trend, by AWS, Amazon Web Services. Amazon's cloud service reported sales of $ 9.95 billion, with 34% year-on-year growth. Some investors expressed some concerns about the slowdown in the growth rate of the service, also in light of the 62% of Azure and the fact that the Microsoft service is gaining ground compared to that of Amazon.

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Furthermore, recently Amazon he lost a major deal with the government, Project JEDI, worth $ 10 billion, which went to Microsoft. Furthermore, among the strongest competitors in the sector, the Google Cloud Platform should not be underestimated. Despite the slowdown in growth by AWS, Amazon's quarter was decidedly positive, also in terms of profits: the company has in fact grown by 8% with a profit of 3.27 billion. Following the announcement, Amazon's shares grew to exceed the trillion dollar threshold, then stabilized around 930 billion.

In the "billion" club there are only a few other companies, mainly in the technology sector: first Apple, followed by Microsoft and Alphabet. The estimates for the next quarter are quite uncertain (from 69 to 73 billion), due to the economic impact still not fully understood that the Chinese coronavirus epidemic could have.


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