Amazon recorded in the first quarter of the results better than expected, supported by the dynamism of computer science and artificial intelligence, but the group has communicated forecasts below market projections.
Net profit jumped 64% over one year, to $ 17.1 billion, according to a statement published on Thursday. Reported by Action, given the most followed by Wall Street, it appears at 1.59 dollars, better than the $ 1.37 projected by analysts.
The burst of the profit is, in part, due to a favorable basic effect, because Amazon had passed, in the first quarter of 2024, an exceptional burden linked to its participation in the capital of the manufacturer of electric vehicles Rivian.
The growth of the Seattle group (Washington State) is driven by the ‘Cloud’ (+17%), whose rate of progression is lower than that of the previous three quarters (+19% each time), but identical to that of the same period last year.
He was considered a little disappointing by the investors, who noted that his Rivals Microsoft and Alphabet had left expectations.
The Amazon Web Services (AWS) subsidiary, which has become a world’s world IT number, now weighs almost 19% of business income, whose activity has long been focused on online trade.
In total, turnover amounts to 155.7 billion, 8.6% better than the first quarter of 2024.
On its historical activities, Amazon is experiencing a deceleration, in particular outside the United States ( +5% against +9% over the whole of 2024).
The electronic commerce giant is counting on a turnover between $ 159 and $ 164 billion in the second quarter, a little better than Wall Street estimates.
On the other hand, he anticipated only operational benefit between 13 and 17.5 billion, while analysts announce 17.6 billion. If it was established at the bottom of the fork, it would then be down compared to the second quarter of 2024 (14.7 billion).
‘Given the market context and economic and political uncertainty, it is not at all surprising’, commented Neil Saunders, analyst of Globaldata.
‘But that raises the question of how Amazon will take the decisions which are currently taken’ by the government, he added, in particular the customs duties imposed by Donald Trump on the trade partners of the United States.
The New York Stock Exchange reacted badly to these forecasts and in electronic exchanges after the fence, the title released more than 2%.
During the Conference Conference for presentation of the results, the director general, Andy Jassy explained that Amazon had not observed, for the moment, the slowdown in purchases on his e-commerce platform, on customs rights funds.
The group also did not find, at this stage, a significant increase in the average selling price, according to the official.
‘Amazon is better placed than many retailers to deal with customs duties,’ said Neil Saunders, because it is the one to which consumers will turn if things deteriorate. ‘
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