Amazon North American Segment Sales Increased 12% YoY, International Segment Sales Increased 11%, AWS Segment Increased 13%
Portfolio Pulse from Benzinga Newsdesk
Amazon reported a year-over-year sales increase across its segments: North American sales grew by 12%, International sales by 11%, and AWS (Amazon Web Services) sales by 13%.
February 01, 2024 | 9:03 pm
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POSITIVE IMPACT
Amazon's diverse segments show robust year-over-year growth, with North American sales up 12%, International sales up 11%, and AWS sales increasing by 13%.
The reported growth across all major segments of Amazon indicates a strong and diversified revenue stream, which is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term. The growth in AWS, being a high-margin segment, is particularly noteworthy as it suggests continued dominance in the cloud sector.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100