AMZN Reports Strong Financial Results for Q4 2023 and Q1 2024

Continued Growth in Net Sales and Operating Income

Key Financial Highlights

Amazon (AMZN) has announced strong financial results for its fourth quarter ended December 31, 2023, and first quarter ended March 31, 2024.

Net sales increased by 13% to $143.3 billion in the first quarter, driven by growth across all major segments. The company's AWS segment saw a 16% year-over-year increase in sales to $21.4 billion.

Operating income increased to $48 billion in the first quarter, reflecting the company's ongoing focus on cost efficiency and operational improvements.