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October 23, 2015

Amazon sales boom fires past $25bn

News: Q3 up 23% and its thanks to the cloud.

By CBR Staff Writer

Amazon reported strong sales and profit in the Q3 due to to growth in North America and in its cloud computing unit.

Amazon Web Services (AWS) cloud-computing division reported a 79% sales increase to $2.09bn.

Overall net sales increased 23% to $25.4bn in Q3, compared to $20.6bn in the year-ago period.

Net income was $79m, or $0.17 per diluted share, compared to a net loss of $437m, or $0.95 per diluted share, for the same period last year.

Operating income was $406m in the quarter, compared to an operating loss of $544m for the same period in 2014.

Sales in North America increased 28% to $15bn, from $11.7bn in the same quarter a year ago. International sales grew to $8.3bn from $7.7bn year-over-year in the third quarter.

Amazon expects its fourth quarter net sales to be between $33.5bn and $36.75bn. Operating income is estimated to be in the range of $80m and $1.28bn.

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Q3 developments included four new tablets, including Fire, which it claims has the best display on any tablet under $50.

Accenture and AWS established the Accenture AWS Business Group, a team of professionals from both the companies who will help enterprise customers to easily migrate their existing apps and build new apps for the AWS Cloud.

AWS launched AWS IoT, a managed cloud platform that lets billions of connected devices interact with cloud applications and other devices.

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