Friday, 24 November, 2017

Amazon Delivers Strong Sales In Q3

Use Amazon Alexa to control your Dish Network box.                  Dish Network Use Amazon Alexa to control your Dish Network box. Dish Network
Heather Davidson | 28 October, 2017, 01:09

Amazon added a whopping 159,500 employees in the last quarter, pushing its total employment to 541,900 people worldwide, according to new numbers from the tech giant released today.

The world's largest online retailer said net income rose to $256 million, or 52 cents per share in the quarter ending September 30. The recent acquisition of grocery store chain Whole Foods Market contributed $1.3 billion to this tally, having closed four weeks before the end of the reporting period.

O'Shea also noted revenue growth and operating income at AWS "more than offset" the loss Amazon took on through investments in its worldwide business. This quarter it had revenue $4.58 billion.

For the first time, Amazon broke its sales out for its business of online retail and for physical bookstores as well as its Whole Foods stores.

For the fourth quarter, the company expects revenue between $56 billion and $60.5 billion, up as much as 38 percent from the year before, and above what analysts expected. Here's what to expect from the king of e-commerce. That easily beat the 2 cents per share analysts had expected, according to FactSet.

Amazon's third-quarter revenue increased 34% year over year. Along with AWS, Business Prime Shipping gives Amazon another service offering for the growing B2B e-Commerce market. Last quarter, AWS sales surged 42% to $4.1 billion, while operating income in that segment was up 28% $916 million.

Amazon has begun charging for Alexa skills, as the online retailer looks to monetize the apps used by its Echo smart speakers.

Founder and CEO Jeff Bezos touted the popularity of its devices and pointed out that it launched five new voice-activated devices in the last month.

"And it's working - customers have purchased tens of millions of Alexa-enabled devices, given Echo devices over 100,000 5-star reviews, and active customers are up more than five times since the same time past year".

"With thousands of developers and hardware makers building new Alexa skills and devices, the Alexa experience will continue to get even better". Amazon smashed that with a gain of 52 cents per share.

The updated Amazon Echo offers several options for colored interchangeable fabric finishes.

Amazon's $13.7 billion Whole Foods acquisition accounted for $1.3 billion of revenue with an operating income of $21 million. Given Amazon's appetite for growth - even when it comes at the expense of near-term profitability - it seemed logical that Amazon might spend a significant sum integrating Whole Foods' operations into its business. However, initial signs are encouraging, and our data show some very slight movements on price perception - these are not dramatic, but they are a step in the right direction and show that Amazon's approach is being noticed by consumers.

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