New York (EFE)
The firm led by Andy Jassy billed 9.3% more in the past three months than in the first quarter of the previous year, going from 116,444 million dollars in revenue to 127,358 million dollars, according to a statement published this Thursday.
“I like how our teams are working for customers, particularly in the midst of an uncertain economy,” said Jassy, Amazon’s chief executive, referring to fears of a recession that hasn’t quite lifted.
“Our advertising business shows strong growth, in large part due to our continued investments in machine learning that help customers see relevant information when they interact with us, which in turn delivers unusually strong results for brands,” he stressed. Executive Director.
Amazon forecasts an increase in sales
Jassy also said that “there is a lot of growth ahead” in Amazon Web Services (AWS) and pointed to the company’s investments in large language models (LLMs).
Looking ahead, Amazon said revenue will be $127 billion to $133 billion.
In its forecast for its second quarter, Amazon expects sales to increase between 5% and 10% over the same period last year.
Amazon shares were up 7.38% after today’s earnings announcement. Over the year, the tech giant’s shares are up 31% after losing about half their value in 2022.