{"id":7431,"date":"2018-04-26T16:18:41","date_gmt":"2018-04-26T20:18:41","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=fd8f804936ee8251505acef5a21d31f4"},"modified":"2018-04-26T16:18:41","modified_gmt":"2018-04-26T20:18:41","slug":"amazons-first-quarter-revenue-surges-43-with-sales-rising-to-51-billion","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/26\/amazons-first-quarter-revenue-surges-43-with-sales-rising-to-51-billion\/","title":{"rendered":"Amazon\u2019s first-quarter revenue surges 43%, with sales rising to $51 billion"},"content":{"rendered":"<p>Amazon.com Inc reported first-quarter revenue and profit on Thursday that trounced analysts\u2019 estimates, driven by a surge in online shopping and higher demand for its cloud services.<\/p>\n<p>Amazon, whose shares were up 7.1 per cent in after-hours trading, forecast net sales of between US$51 billion and US$54 billion for the current quarter.<\/p>\n<p>Net sales in North America, its biggest market, jumped 46.4 per cent to US$30.73 billion in the latest quarter.<\/p>\n<ul class=\"related_links\">\n<li><a href=\"http:\/\/business.financialpost.com\/technology\/personal-tech\/amazon-releases-new-echo-dot-aimed-at-entertaining-bored-children\">Amazon releases new Echo Dot aimed at entertaining bored children<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/technology\/to-beat-porch-thieves-amazon-slips-packages-in-car-trunks\">Amazon\u2019s new plan to beat porch thieves: Package delivery to parked cars<\/a><\/li>\n<\/ul>\n<p>Amazon, which reported it had over 100 million Prime subscribers last week, said its net sales rose to US$51.04 billion from US$35.7 billion, a year earlier, beating the average analyst estimate of US$49.78 billion.<\/p>\n<p>Revenue from Amazon Web Services (AWS), the company\u2019s fast-growing cloud services business, soared 48.6 per cent to US$5.44 billion, beating the average analyst estimate of US$5.25 billion, according Thomson Reuters I\/B\/E\/S.<\/p>\n<p>Amazon\u2019s total operating expenses rose 41.5 per cent to US$49.12 billion, as the company invests heavily into expanding its Prime program, creating original video content and building its warehouse and delivery infrastructure.<\/p>\n<p><em>\u00a9 Thomson Reuters 2018<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon, which reported it had over 100 million Prime subscribers last week, said its net sales rose to US$51.04 billion from US$35.7 billion, a year earlier<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7431"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7431"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7431\/revisions"}],"predecessor-version":[{"id":7434,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7431\/revisions\/7434"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}