May 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Amazon logs 26% revenue growth

Buoyed by the surge in demand as people stayed home ...

Amazon’s Q1 performance fell in line with its guidance, with $4 billion in operating income. It’s cloud computing service AWS logged $10.2 billion in sales this quarter, up from $7.7 billion from the year-ago quarter. “From online shopping to AWS to Prime Video and Fire TV, the current crisis is demonstrating the adaptability and durability of Amazon’s business as never before, but it’s also the hardest time we’ve ever faced,” said Bezos. Amazon announced that more than 15,000 small and medium-sized businesses selling in Amazon’s stores in the U.S. surpassed $1 million in sales in 2019. Additionally, third-party sellers sold more than 700 million items that shipped with prime free one-day delivery or faster in the US in 2019.

AWS announced the opening of the AWS Europe (Milan) and AWS Africa (Cape Town) regions. AWS now spans 76 availability zones within 24 geographic regions, with announced plans for nine more availability zones and three more AWS regions in Indonesia, Japan, and Spain.




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