Amazon Arrangement
02/04/2020 |
Amazon’s 19Q4 corporate revenue hit $87.4 billion due to robust holiday sales, and operating income was $3.9 billion. These results made Amazon the 4th US firm to have a market cap of over $1 trillion. More interestingly, Amazon Web Services, its’ cloud-computing operation, had 19Q4 sales of $10 billion (barely 11% of all sales), but operating income of $2.6 billion (66% of all operating revenue). AWS is the secret sauce!