Amazon Q115 earnings report digest
Amazon reported its results recently and some readers might want to delve deeper into what they said about the health of the Amazon business for Q115.
You can find the Seeking Alpha transcript here. If you scroll through to the analyst and investor Q and A you’ll find lots of questions about profits and margins.
But I want to pick out one bit. After his digest of the financials, it seems to me that this comment from Brian Olsavsky, the Chief Financial Officer of Global Consumer Business at Amazon, was critical: “We remain heads down focused on driving a better customer experience through price, selection and convenience. We believe putting customers first is the only reliable way to create lasting value for shareholders.”
It’s a dead giveaway to sellers who are using Amazon and also those utilising FBA. I’d urge you all to have a read of the whole transcript.
But Tamebay has never pretended to be a source of financial analysis and so we leave that to experts like Scot Wingo at ChannelAdvisor.
In his piece Seller-oriented deep dive into Amazon’s Q1 2015 results he looks at the results in full.
The highlight for me is: “The biggest excitement of the call was Amazon’s lifting of the cloak of secrecy on their cloud (Amazon Web Services, or AWS) business. Turns out this is a $5b business growing 50% and very profitable – much more profitable than Wall St. guesstimated. That’s a good news/bad news situation.”