My first most vivid and broad impression of the identity of things, seems to me to have been gained on a memorable raw afternoon towards evening. The Amazon ( AMZN) conference call is set for 5:30 p.m.Ours was the marsh country, down by the river, within, as the river wound, twenty miles of the sea. $130.1B consensus and operating income of $2.0B to $5.5B vs. Looking ahead, Amazon expects Q2 revenue of $127.0B to $133B vs.

And, while our AWS business navigates companies spending more cautiously in this macro environment, we continue to prioritize building long-term customer relationships both by helping customers save money and enabling them to more easily leverage technologies like Large Language Models and Generative AI.' Our Advertising business continues to deliver robust growth, largely due to our ongoing machine learning investments that help customers see relevant information when they engage with us, which in turn delivers unusually strong results for brands. Net income was $3.2B, inclusive of a pre-tax valuation loss of $0.5B included in non-operating expense from the common stock investment in Rivian Automotive ( RIVN).įree cash flow improved to an outflow of $3.3B for the trailing twelve months, compared to an outflow of $18.6B for the trailing twelve months a year ago.ĬEO Andy Jassy: 'Our Stores business is continuing to improve the cost to serve in our fulfillment network while increasing the speed with which we get products into the hands of customers (we expect to have our fastest Prime delivery speeds ever in 2023).

Operating margin was 3.7% of sales to mark the highest level in more than a year. Operating income was reported at $4.8B in comparison to the consensus mark of $3.0B and the company's guidance range of $0B to $4B. $21.0B consensus, up 16% from a year ago.

The cloud business was strong again as AWS revenue came in at $21.35B vs. $75.3B consensus, while international revenue was $29.1B vs. The Seattle-based e-commerce giant reported total revenue in North America in Q1 was up 11% to $76.88B vs.

Amazon ( NASDAQ: AMZN) shot up in after-hours trading after reporting operating income above expectations for Q1 and setting strong guidance for Q2.

Amazon great expectations