Amazon revenue grows 38% to $60 5 billion in Q4 2017, AWS sales up 45%

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Amazon revenue grows 38% to $60.5 billion in Q4 2017, AWS sales up 45%,
(Reuters) — Amazon.com on Thursday said its sales surged over the winter holiday season and profit topped expectations, as the online retailer drew millions of new customers to its Prime fast-shipping club and as changes to U.S. tax law added to its bottom line.

Shares rose more than 5.6 percent in extended trading, after previously closing down 4 percent on the Nasdaq.

Seattle-based Amazon is using fast shipping, television shows exclusive to its website and forays into new technology, such as its voice-controlled Alexa devices, to win and keep high-spending Prime members. Its $13.7 billion acquisition of Whole Foods Market last year is helping it capture shoppers’ grocery sales, too.



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Tags:
Amazon
revenue
grows
38%
to
$60.5
billion
in
Q4
2017
AWS
sales
up
45%
Amazon revenue grows 38% to $60.5 billion in Q4 2017
AWS sales up 45%