Amazon Anticipates Slight Slowdown

Amazon reported a 24% increase in net sales to 35.7 billion US dollars in the first quarter of 2017 on a constant currency basis. It forecast that sales will be between 35.25 billion and 37.75 billion dollars in the second quarter, which would mean year-on-year growth of between 16% and 24%. This guidance anticipates an unfavourable impact of approximately 720 million dollars or 240 basis points from movements in foreign exchange rates.  Sales in Amazon Web Services, the cloud business, rose 43% to 3.66 billion dollars in the first quarter. source: Amazon statement