Five notes:
1. Amazon reported $3 billion net loss for the year through the nine months ending Sept. 30, according to a news release from the company. For the third quarter, Amazon reported $2.9 billion net income, down $3.2 billion year over year.
2. Amazon reported net sales increased 15 percent for the quarter to $127.1 billion, with North American sales jumping 20 percent year over year to $78.8 billion.
3. Amazon Web Services sales were up 27 percent year over year to $20.5 billion, and AWS operating income jumped to $5.4 billion.
4. In the fourth quarter, Amazon expects sales to hit $140 billion to $148 billion, which would be a 2 percent to 8 percent increase over the same period last year.
5. Amazon reported having 1.54 million employees, up 5 percent from the third quarter last year. Amazon started the year with 1.6 million employees but shed about 100,000 in the first half of the year.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.