Amazon has reported a significant increase in its full-year revenue for 2023, amounting to $574.8 billion, marking a historic rise from its $74.5 billion revenue a decade ago. The company's stock price has responded positively, with recent tweets noting a price of $169+ and approaching an all-time high of $188.65. Amazon Web Services (AWS) has been a substantial contributor to this growth, with its revenue increasing by 13% year-over-year to $24.2 billion on an FX-neutral basis. AWS's operating income also saw a robust increase of 37.7% year-over-year to $7.17 billion. Amazon CEO @ajassy has indicated that they expect AWS's growth to accelerate into 2024, with the platform's run rate revenues reaching approximately $97 billion, a 13% increase year-over-year in Q4. This growth is attributed to factors such as less cautious clients, more visibility on deals, General AI technology, and North America margins moving beyond mid-single-digit percentage levels with increased cost discipline.
Good $AMZN 🧵 https://t.co/0E2aAZIOIp
Some Quotes from Amazon [@Amazon] Q4 23 Earnings Call: 1. AWS almost a 100B annual run rate business. "In Q4, AWS added more than $1.1B of incremental QoQ revenue which, on an FX-neutral basis, is more than any other cloud provider as far as we can tell" — $AMZN CEO @ajassy https://t.co/kLjamjFqGB
Amazon $AMZN bull thesis: "1) AWS re-accelerating in 2024, w/continued secular cloud growth & ultimately strong Gen AI contribution; 2) N-T Stores share gains driven by SD1D delivery, Prime, & 3P; 3) N.America margins moving beyond MSD% levels w/increased cost discipline,
$AMZN sees AWS continuing to accelerate in 2024. Yes growing slower than $GOOGL or $MSFT, but acceleration drivers are clear: less cautious clients, more visibility on deals & Gen AI. All in, also suggests building corporate confidence. $SPY https://t.co/257bvM9KrW
#AWS revenue increased 13% to $24.2bn, with executives saying growth will accelerate this year https://t.co/Q3tbmdbKiV
$AMZN AWS run rate revenues to ~$97 billion (+13% YoY in Q4) https://t.co/lCGYlwgcTO
$AMZN mother fucka! https://t.co/y41Kot2Fhk
AWS $AMZN growth accelerated sequentially to 13.2% YoY to $24.2B, while the segment's operating income increased 37.7% YoY to $7.17B. https://t.co/LEgOcT8Kmd
$AMZN expects AWS acceleration to continue into 2024. He said it. Just now.
AWS is crushing it. Don't let the noise fool you. $AMZN https://t.co/Ib5dg6EM7n
The rise of Amazon $AMZN has been historic. A decade ago, in 2013, Amazon’s full year revenue was $74.5 billion. Amazon just posted full year revenue for 2023 of $574.8 billion 🤯
$amzn 188.65 ath wow not too far
$amzn $169+. Nice move https://t.co/NtFDHJOosE