Technology giants like Apple and Intel have released their latest quarterly financial reports, and Amazon’s first-quarter financial report has also announced that it will be released on 29th of this month.
Amazon declared on its official website that their first-quarter earnings report will be released on the 29th, and the earnings analyst conference call will begin at 2:30 pm Pacific time.
In Amazon’s business, in addition to the e-commerce business with huge sales, the cloud computing business is also very concerned.
They are currently the world’s leading cloud computing service provider, and the cloud computing business is also the main source of their profits for several consecutive quarters.
Contributed more than half of their operating profits. As more and more vendors are using cloud computing services, Amazon has also acquired a large number of customers.
The revenue of their cloud computing business has maintained growth for 26 consecutive quarters. After the fourth quarter of last year, the chain has been growing, and the growth momentum is expected to continue in the first quarter of this year.
In the last quarter, the fourth quarter of 2020, Amazon’s cloud computing business revenue reached 12.742 billion U.S. dollars, a rise of 1.141 billion U.S. dollars from the 11.601 billion U.S. dollars in the previous quarter.
In the first quarter, the revenue of Amazon’s cloud computing business is likely to exceed 13 billion U.S. dollars and is even expected to reach 14 billion U.S. dollars.
(Via)
