Amazon reported the strongest holiday quarter sales growth in eight years, fueled by the company’s dominance in e-commerce and cloud computing even as it pushes into new businesses such as advertising, entertainment and groceries, according to Bloomberg.
The results reassured investors that Amazon’s spending on its various initiatives poses no threat of distractions to its main businesses. Revenue growth is accelerating even as the company is expected to cross $200 billion in sales this year. The e-commerce giant also gave a revenue forecast of $47.8 to $50.8 billion for the current quarter.
Sales gained 38 percent to $60.5 billion in the fourth quarter, the company said in a statement. Net income was $1.9 billion, or $3.75 per share. Amazon said the earnings included a $789 benefit in the quarter as a result of the new U.S. tax law.
Amazon consistently delivers big sales gains and plows most of the money back into the company. It equips warehouses with robots, builds new data centers, invents new products and updates devices like its voice-activated Echo digital speaker, which Amazon sees as key to getting a foothold in customers homes and vehicles.
The question for investors is how quickly CEO Jeff Bezos will spend his company’s money. Operating expenses in the quarter gained 37 percent to $58.3 billion, about the same pace as revenue growth.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
