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## Amazon Stock and Earnings Report Analysis

Amazon stock saw gains in Wednesday trading as investors examined the tech giant’s first quarter earnings report. Sales and earnings for Amazon (AMZN) surpassed expectations, but the company provided a lighter-than-expected sales forecast for the upcoming June quarter.

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## Amazon’s Strong Q1 Performance

In the latest quarterly report, Amazon announced earnings of 98 cents per share on sales of $143.3 billion, marking a 13% year-over-year increase. Analysts had predicted earnings of 84 cents per share on sales of $142.7 billion. For comparison, in the same period a year earlier, Amazon reported earnings of 31 cents per share on sales of $127.4 billion.

## AWS Growth and Future Projections

Sales for Amazon’s Amazon Web Services cloud-computing division rose by 17% year over year to $25 billion in the quarter, surpassing consensus expectations of 15% year-over-year growth. Looking ahead, Amazon anticipates sales of $144 billion to $149 billion for the next quarter, slightly below analysts’ projections.

## AI’s Impact on AWS and Amazon’s Market Position

In a statement, Amazon CEO Andy Jassy highlighted the role of AI in driving AWS growth, with the division now operating at a $100 billion annual revenue run rate. AWS is positioned as a key player in the cloud-computing market, competing against major rivals such as Microsoft and Alphabet.

## Operating Income and Revenue Breakdown

Operating income for AWS surged by 84% to $9.4 billion, with an operating margin of 37.6%. Additionally, Amazon’s international retail segment posted its first operating income since 2021, while North American operations contributed $5 billion in operating income.

## Outlook and Analyst Commentary

Despite lower-than-expected sales guidance and no mention of a dividend, Amazon remains focused on investing in long-term growth initiatives. The lack of a dividend may have tempered investor excitement, but analysts believe the company’s continued growth and margin improvements are positive signs.

## Conclusion: Implications for Amazon Stock

Overall, Amazon’s earnings report showcased strong performance across various segments, with notable growth in AWS and operating income. While the stock may see muted reactions from investors in the short term, the company’s solid financial results and strategic investments position it well for continued success in the market.

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