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02/01/2024 |

Amazon’s Robust Q4 Caps a Stellar 2023

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Impressive Sales Growth, Inc. reported a significant surge in its fourth quarter financials for 2023, with net sales climbing 14% to $170 billion, up from $149.2 billion in the same quarter the previous year. This growth was consistent across its major segments—North America saw a 13% increase, International sales rose by 17%, and AWS (Amazon Web Services) expanded by 13%.

Operating Income Soars

A striking turnaround in operating income marked Amazon’s fourth quarter, rocketing to $13.2 billion from $2.7 billion in Q4 2022. This increase was reflected across the board: North America turned a previous loss into a $6.5 billion gain, the International segment significantly narrowed its losses, and AWS boosted its income to $7.2 billion.

Annual Performance and Cash Flow

For the full year, Amazon announced a 12% increase in net sales to $574.8 billion. The company’s net income dramatically improved to $30.4 billion, compared to a net loss in 2022. Furthermore, Amazon reported an 82% increase in operating cash flow and a substantial improvement in free cash flow, underscoring a financially robust year. Amazon’s financial results for 2023 underscore the company’s strong performance across its diverse portfolio, highlighting growth, profitability, and improved cash flow.