Amazon did something this week it hasn’t done in a long time: posted a profit for four quarters in row.
And it did so this time around in style, taking Wall Street by surprise.
All in all, Amazon had some pretty big numbers that showed that its “investment mode” may have finally hit profit mode.
Here’s the skinny on what Amazon announced for its Q1 results yesterday (April 28):
$29.1 billion | Amazon’s revenue for the quarter, which was a 28-percent increase from the $22.7 billion a year ago.
$20.5 billion | Amazon’s retail sales for the quarter, a 31-percent increase from the year prior.
$2.6 billion | Amazon Web Services revenues for the quarter, up 63 percent.
$1.1 billion | Amazon’s operating income for Q1, up from $255 million in 2015’s Q1.
$513 million | Amazon’s quarterly profit, a far cry from last year’s $57M loss.
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