Amazon Q1 FY24 Financial Highlights 🌟

As we delve into the latest quarterly performance of Amazon, the numbers are nothing short of impressive. For Q1 FY24, Amazon has shown resilience and growth across its segments. Let’s explore the highlights of this quarter’s financial report.

Revenue Growth 📈

• Overall Revenue: Amazon achieved a remarkable revenue of $143 billion, marking a 13% year-over-year increase, beating expectations by $0.7 billion.
• Amazon Web Services (AWS): The cloud giant reported a revenue of $25.0 billion, reflecting a robust 17% increase year-over-year.

Operating Margin Success 💰

• Amazon’s operating margin stood at 11%, showcasing a significant improvement of 7 percentage points year-over-year.
• In addition, AWS shone brightly with an impressive operating margin of 38%, a stellar increase of 14 percentage points year-over-year.

Free Cash Flow 💵

The company’s Free Cash Flow (FCF) for the trailing twelve months reached an astounding $50 billion, affirming its strong liquidity and operational efficiency.

Q2 FY24 Guidance ✨

Looking ahead, Amazon is projecting revenue in the range of $144-$149 billion for Q2 FY24, slightly lower than the anticipated $150 billion.

Conclusion 🎉

Amazon’s Q1 FY24 results highlight a company that’s not only growing but also enhancing its profitability. With strong performances from both its overall operations and AWS, Amazon seems to be on a solid path forward. The anticipated growth in revenue for Q2 indicates a positive outlook as the company continues to navigate the complexities of the market.

Stay tuned for more updates on Amazon’s journey as it continues to leave a mark in the ever-evolving tech landscape! 🌍