wordpress blog stats
Connect with us

Hi, what are you looking for?

As net income reduces QoQ, Amazon to focus on AWS and One Day shipping in Q4

For the first time since early 2017, Amazon registered a YoY quarterly decline in profits as the company focused on one-day delivery for its Prime members. Its net income reduced to $2.13 billion in Q3FY19, compared to $2.88 billion in Q3FY18. Operational Figures Operating cash flow: Up 33% to $35.5 billion for trailing 12 months, compared to $26.6 billion for trailing 12 months ending September 30, 2018 Free cash flow: Increased to $23.5 billion for trailing 12 months, compared to $15.4 billion for trailing 12 months ending September 30, 2018 Net sales: Up 24% to $69.98 billion in Q3FY2019, compared to $56.58 billion in Q3FY2018. Of this, sales in North America accounted for 61% at $42.64 billion. Operating Expenses: Increased to $66.82 billion in Q3FY19, compared to $52.85 billion in Q3FY18 Operating Income: Decreased to $3.16 billion in Q3FY19, compared to $3.72 billion in Q3FY2018 Net income: Decreased to $2.13 billion in Q3FY19, compared to $2.88 billion in Q3FY2018 (from $5.75/diluted share to $4.23/diluted share) Closer look at net sales: Online Stores: $35.04 billion (50% of all sales this quarter) Physical stores: $4.19 billion (6% of all sales) Third-party seller services: $13.21 billion (19% of all sales) Subscription services: $4.96 billion (7.09% of all sales, includes fees for Amazon Prime, audiobook, digital video, e-book, digital music and other non-AWS subscription services) AWS: $8.96 billion, (almost 13% of all sales, saw a 35% YoY increase this quarter, the most compared to sales in North America (24%) and international (18%)) Devices 37…

Please subscribe/login to read the full story.
Written By

Send me tips at aditi@medianama.com. Email for Signal/WhatsApp.

Free Reads

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

News

According to a statement, the executive body of the European Union had also sought internal documents on the risk assessments and mitigation measures for...

News

The newly launched partially open-sourced LLM Grok-1 can be commercially used but not trademarked.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ