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Amazon Announces Strong Financial Results for Q4 2023

Record-breaking revenue driven by AWS and retail segments

Earnings per share beat analyst expectations

Seattle, WA (April 27, 2024) - Amazon.com, Inc. (NASDAQ: AMZN) today announced its financial results for the fourth quarter ended December 31, 2023.

Key highlights include:

• Net sales increased 10% to $154.6 billion
• AWS segment operating income was $54 billion, up 20% year-over-year
• Retail segment operating income was $4.3 billion, driven by strong holiday sales
• Net income decreased to $29 billion, or $6.26 per diluted share
• Earnings per share beat analyst expectations by $0.15

The company's strong performance was driven by continued growth in its cloud computing (AWS) business and its retail operations. AWS recorded its highest-ever quarterly revenue, while the retail segment benefited from a surge in online shopping during the holiday season.

Looking ahead, Amazon expects to continue investing in its core businesses and exploring new growth opportunities. The company is optimistic about its long-term prospects and believes it is well-positioned to capitalize on the evolving landscape in technology and retail.

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