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Flourishing Internet Commerce and Flourishing
Cloud services bring Amazon
Strong business growth. Sales increased in the first quarter
compared to last year’s figure 26 percent to 75.5 billion
Dollar (€ 68.9 billion) as the world’s largest online retailer in
Announced on Thursday after the close of the US market. However, Amazon does
due to the pandemic also high costs, for example due to a
Offensive hiring before the large influx of clients in its
Delivery services.
Quarterly profit fell about 30 percent to $ 2.5 billion.
Dollars However, the biggest burdens are yet to come. So
In the current quarter, Amazon warned about special costs of around 4.0
Billions of dollars due to the crown pandemic. The group wants about
in its delivery logistics and in measures to protect employees
invest Amazon gave a forecast for the operating result
a range from minus to plus $ 1.5 billion and raised
An increase in income of between 18 and 28 percent is anticipated.
Amazon emphasized that reliable forecasting is currently difficult.
The stock initially reacted with a clear secondary market
Price losses in the quarterly report. However, Amazon has
Up to now indisputable crisis for the big winners. In the last
Three months ago, the stock price rose and rose more than 30 percent
reached new records. As a majority shareholder, this also benefits
Chief and founder Jeff Bezos Strong. His fortune is the Bloomberg.
According to the billionaire’s index, around 29 billion since the beginning of the year.
increased to $ 143 billion, giving it its status as
richest person in the world during the crisis.
Exit restrictions due to pandemic crown have
Demand for Amazon delivery services in many regions of the US USA
exploded in recent months. The company made
However, the large crowd was difficult and temporary.
overwhelmed Many customers still have to wait longer than usual
wait or even at the coveted grocery services
Do not place orders. Bezos wants these problems with high
Fix investments. Record US Jobs
dismantling, Amazon hires employees for this on a large scale.
In March, it was announced that 100,000 people would be hired to help
to cope with the increased demand. Recruitment continued in April
another 75,000, but Amazon stands out for its working conditions
He also criticized strongly, especially in the Corona crisis. The group
is accused of not being enough to protect his employees
do and always faces protests. Amazon Points
the allegations returned but could still get in trouble. So changed
For example, due to the controversial termination of one
Organizer of the strike at New York Mayor Bill de
Blasio and the powerful Attorney General Letitia James.
The group can trust the era of staying home and
the task continues in his lucrative cloud business, the
Includes IT services and Internet storage space. Amazon
Flagship, the AWS web platform: the market leader in
Cloud Services for Business: Recent Revenue Increase
Quarter almost a third to $ 10.2 billion. The
The division’s operating profit even grew about 40 percent to 3.1
Billions of dollars Microsoft, Amazon’s biggest rival in the cloud
Informed area./hbr/DP/jha
ISIN US5949181045 US0231351067
AXC0020 2020-05-01 / 07: 02
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage is not allowed without the prior express consent of dpa-AFX.
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