For Q1, which ended March 31, Amazon’s revenue rose 28.2 percent, increasing to $29.13 billion from $22.72 billion at this time in 2015.
Amazon’s net income increased 800 percent from last year to this year. For Q1, Amazon reported net income of $513 million, or $1.07 cents per share. For Q1 last year, Amazon’s net income was only $57 million, or 12 cents per share.
The primary proponent of the company’s strong Q1 is Amazon Web Services, its cloud computing business, which made up 56 percent of Amazon’s total operating income.
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