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Amazon scores stellar Q4, fueled by 45% cloud-biz growth

The company of Bezos crossed $200 billion in annual revenue for the first time. It needed just 24 years to get there.

Amazon scores stellar Q4, fueled by 45% cloud-biz growth
Jeff Bezos [Photo: Bloomberg/Getty Images]

Amazon reported strong Q4 2018 revenues in all parts of its business on Thursday afternoon. Its cloud services business grew 45% over the last quarter of 2017. The only negative in the report was a lower-than-expected guidance number for the March-ending quarter.

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Here are the top lines:

  • Total Q4 revenue. $72.4 billion.
  • Total 2018 revenue. $232.9 billion (crossed the $200 billion threshold for the first time).
  • AWS revenue. $7.43 billion.
  • Echo devices. Amazon CEO Jeff Bezos said his company’s smart speaker business had a big holiday quarter. “Alexa was very busy during her holiday season. Echo Dot was the best-selling item across all products on Amazon globally, and customers purchased millions more devices from the Echo family compared to last year,” he said in a statement.
  • Q1 forecast. Revenue between $56 billion and $60 billion. Amazon says its revenues will be hindered somewhat by the strong U.S. dollar.
  • Stock. Jumped 3% in after-hours trading on the earnings report.
  • Market capitalization. Grew to $840 billion Thursday afternoon, more than Microsoft, Apple, or any other publicly traded company.

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About the author

Fast Company Senior Writer Mark Sullivan covers emerging technology, politics, artificial intelligence, large tech companies, and misinformation. An award-winning San Francisco-based journalist, Sullivan's work has appeared in Wired, Al Jazeera, CNN, ABC News, CNET, and many others.

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