On October 24, 2019, online retail giant Amazon reported earnings for its third fiscal quarter of 2019. The company presented revenue of $70.0 billion, net income of $2.1 billion, and earnings per share of $4.23 (compared to revenue of $56.6 billion, net income of $2.9 billion, and earnings per share of $5.75 in Q3 2018).
Amazon Web Services (AWS) continued to be the star of the show ( © VentureBeat), growing 35% in sales to $9.0B. But the star isn’t shining as brightly as before. Even though the AWS growth continues to slow down it still accounts for about 13% of Amazon’s total revenue for the quarter. AWS is the cloud computing market leader, ahead of Microsoft Azure and Google Cloud.
Over the last couple of years, AWS has provided the bulk of Amazon’s operating income. In Q319, AWS operating income totaled $2.26B, up 9% from the year-ago period. AWS delivered an incredible 71% of Amazon’s total operating income.
If you look back several years, most recently 2017, AWS was responsible for pretty much all operating profit company-wide. However, over the last two years that trend has changed. While AWS remains responsible for a majority of the company’s overall operating profits, the rest of the business has landed in the black consistently on its own.GeekWire Analysis Amazon without AWS
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