Shares & Derivatives
8 highlights from Amazon’s latest earnings
By Value Invest Asia  •  November 26, 2021
You may know of Amazon as the world’s largest e-commerce firm in terms of revenue. But Amazon also dominates the cloud computing market with its AWS cloud computing segment. On 28 October 2021, Amazon announced its earnings for the third quarter ended 30 September 2021. In this article, we’ll be looking at the highlights of the conglomerate’s latest earnings release.
  1. Revenue
Net sales increased 15% to $110.8 billion 3Q 2021, compared with $96.1 billion in third quarter 2020. However, on a QoQ basis, net sales decreased slightly from $113.1 billion in 2Q 2021 to $110.8 billion in 3Q 2021. Amazon saw net sales increase across its three business segments, namely North America, International e-commerce and AWS, which is the cloud computing segment of Amazon. AWS had the sharpest increase in net sales of 39%, reflecting increased customer usage. Growth in Amazon’s e-commerce sales is mainly attributed to increased unit sales,...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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