What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Friday, April 26, 2019
Amazon Keeps Adding Billions In Revenues
Amazon said it expects its revenue to grow by between 15% and 20% year-on-year in the second quarter to between 59.5 billion and 63.5 billion dollars. This guidance anticipates an unfavourable impact of approximately 150 basis points from foreign exchange rates. For the first quarter of 2019, Amazon reported a 19% increase in sales on a like-for-like basis to 59.7 billion dollars. Sales in North America were up 17%, international sales up 19% and AWS was up 42%. source: Amazon statement