Amazon Web Services is now a $17.5 billion business
03 February, 2018, 09:22 | Author: Celia Hoffman
For the fourth quarterAmazon posted a net profit of $1.8bn (£1.3bn) compared to $749m (£526m) in the same year-ago period.
On a consolidated basis (including global, North America and Amazon Web Services), Amazon registered profits at almost Dollars 2 billion in the said quarter compared to USD 749 million in the year-ago period.
Amazon's overall operating income in 2017 was down 2 percent to $4.1 billion as compared to $4.2 billion year over year. For the full year, net income was $3.0 billion, or $6.15 per diluted share, compared with net income of $2.4 billion, or $4.90 per diluted share, in 2016.
That figure includes a $789m, or $1.59 per share, penalty as a result of the US Tax Cuts and Jobs Act of 2017: the biz has a lot of dosh offshore, and this law allows it to bring that money back to America with a reduced levy on the overseas profit.
In the fourth quarter 2017, AWS had $5.11 billion in sales, which was 17% rise from the same quarter in 2016. Operating income rose 46% to $1.4 billion, very close to Amazon's North American bottom line, but on only 14% of North American revenue. Founder and CEO Jeff Bezos introduces product after product to drive new sales and customer loyalty. Customers can use Alexa to control more than 4,000 smart home devices from 1,200 different brands. Amazon.com, Inc. (AMZN) also said its Fire TV Stock and Echo Dot were 2017's best-selling products across its whole site, and buyers purchased "tens of millions of Echo devices" during the year.
Sales of its Amazon Web Services business are also up at $5.1 billion, slightly beating one analyst's estimate of $5 billion, but Amazon singled out one thing that was truly remarkable: its popular and market-leading Alexa assistant.
Trump Salutes North Korean Defector Ji Seong-ho
John Dunford, Defense Secretary James Mattis and Secretary of State Rex Tillerson - expressing concern about the prospect. Defense Secretary Jim Mattis gives the keynote address to kick off the 2017 annual meeting of the Association of the U.S.
The worldwide operations saw an operating loss of $919 million on revenues of $18 billion.
"While profitability is taking a step back, we believe Amazon is once again investing ahead of growth in commerce and voice search", Mizuho said in a note, quoted by CNBC.
"We've reached an important point where other companies and developers are accelerating adoption of Alexa", Bezos said.
Amazon has bulldozed into the food industry with its Whole Foods acquisition, built up a large cloud computing business and expanded its physical footprint with bookstores and a new automated convenience store.
"There's certainly constant cost reduction and productivity efforts underway in many areas of the company, but specifically in our warehouses", the paper cited Brian Olsavsky, Amazon's chief financial officer, as saying. Alphabet's Larry Page and Sergey Brin lost as much as $3 billion apiece as fourth-quarter earnings missed views.
The Daily Mail describes Osborne as a "far-right loner" who became radicalised after accessing extreme far-right material online. He said: "In my civilian life I have lived overseas 90% of the time, mostly in Middle East, Arabic countries".
She adds, everyone should wash their hands with soap and water for at least 20 seconds and to do not forget to cover their cough. Oklahoma is one of several states reporting widespread influenza activity, with children being especially hit hard.
The singer and actress said that it's not just in Hollywood or in Washington - it's everywhere, including the music industry. But not even in the wildest of dreams did any of us expect the extraordinary appearance that she delivered.
His remarks, however, had no impact on the PDP, which is finding itself increasingly isolated on the issue of rights abuse. He was shifted to Sher e Kashmir Institute of Medical Sciences in Srinagar where he succumbed at 3 am on Wednesday.
Meanwhile here at home, Air Canada will only allow dogs to board as recognized emotional support or psychiatric service animals. "We know that some customers require an emotional support animal to assist them through their journey", the statement said.
And for Pelicans' Center DeMarcus Cousins , news just broke that he may have suffered one of the worst sports injuries of all. Cousins suffered the injury during the Pelicans' 115-113 victory over the Houston Rockets on Friday (Saturday AEDT).
The Dow Jones industrial average dropped 241 points and briefly fell 352 points, with UnitedHealth as the biggest decliner. Drug stocks such as Eli Lilly and Merck slumped on Wednesday, while the iShares NASDAQ Biotechnology ETF retreated 1%.
Described as the world's most powerful rocket built to date, the Falcon Heavy stands at 229 feet and measures 40 feet wide. However, the Kennedy Space Center Visitor Complex will remain open, but there will be no bus tours inside the space center.
This would make this the largest hack of cryptocurrency yet - breaking the previous record set by Mt.Gox of $340 million. All told, about 500 million XEM tokens, worth roughly $420 million, was stolen from Coincheck , according to Bloomberg .
The lawmakers informed by the social media that the Congress was held under the slogan "Peace to the People of Syria". Representatives from various countries and global organizations were also invited as observers of the congress.
Ingvar Kamprad began the flatpack firm on his parent's farm in 1943 and only stepped down from the board in 2013, 70 years later. The Swedish founder of the IKEA furniture chain, Ingvar Kamprad , has died at the age of 91, the company has announced.
The Thunder shooting guard was in the middle of both All-Defensive Team and Defensive Player of the Year discussions. In 39 games this season, all starts, Roberson is averaging 5.0 points, 4.7 rebounds and 1.2 assists.
Immigration Not on Agenda at GOP Party Retreat
He's also expected to speak about immigration and people who were brought to the US illegally as children, known as "Dreamers". But while some of his terms are unpalatable to Democrats, his proposal is also too liberal for some Republicans.
Stocks fall sharply as sell-off continues
The weakness on Wall Street was partly due to profit taking, with traders cashing in on the recent strength of the markets. The index closed down 362.59 points at 26,076.89 in NY , with the broader S&P 500 index falling 31.10 points to 2,822.43.
Budget 2018: Timing, where to watch and other details
Therefore, we expect a host of measures such as increase in tax exemption limit for the salaried class in order to please them. The sector's growth is forecast to plummet to 2.1% this year as against 4% last year.
Putin, Netanyahu discuss Middle East
Israel's Permanent Ambassador to the United Nations, Danny Danon, said there are 82,000 fighters under Iran's authority in Syria. Tel Aviv firmly opposes such actions and will act on its own if the global community won't handle the issue, he warned Putin.
Irelands Abortion law has just taken a massive turn
Cara Sanquest of the London-Irish Abortion Campaign said: "Today is a huge day for Ireland and the fight for reproductive rights". It does not permit termination of pregnancy even in cases of rape, incest or fatal foetal abnormality, BBC reported.