Amazon Just Won’t Stop Winning

amazon hardware

Taking over the world is one of those cliché goals you’ll find in TV shows and movies going back decades. Of course, it’s always a futile endeavor, but in the case of Amazon (AMZN), I’m not so sure.

If the company’s recent earnings report is any indication, not only is it continuing to bring money to its top line hand over fist, but it looks like it’s finally giving Wall Street what it’s wanted for years on a consistent basis: earnings. Let’s take a look at the highlights:

Revenue came in at $29.13 billion, 28.2% more than this time last year and beating the consensus estimate by a staggering $1.15 billion.

Earnings per share were $1.07, beating analyst expectations by $0.49.

AWS revenue was $2.57 billion, a 64% increase year over year, and operating profit of $604 million, up from $195 million a year ago.

International revenue is on the rise, growing 24% year over year, up from its 12% growth the same time last year.

The result: AMZN was up 12% overnight.

It’s amazing to watch Jeff Bezos do what he does, isn’t it? For all the reports talking about a toxic work environment, it’s hard to contest that Bezos is driving more innovation and on a higher level than any other CEO out there.

Amazon Business

One great example of that is Amazon’s newish segment, Amazon Business. The Staples competitor launched a year ago through a separate site and is focused on selling directly to businesses and enterprise customers. The amazing thing is that it’s generated $1 billion in sales during those first twelve months.

“We see a significant opportunity to serve business customers,” said Prentis Wilson, vice president of Amazon Business. “People are used to shopping on Amazon in their own homes… The thing we hear most often from business customers is, ‘Can we have an Amazon shopping experience at work?’”