Amazon reports revenue of $143.3 billion in the first quarter of 2024
Amazon reported its highest first-quarter profit on Tuesday, continuing to gain efficiencies from its retail operations and recharging growth in its cloud computing operations.The company was also, for the first time, on track to hit $100 billion in annual cloud computing sales.In the first three months of the year, the company reported revenue of $143.3 billion, up 13% from a year earlier. Profit more than tripled to $10.4 billion. The results exceed analysts' expectations.“It's been a good start to the year for the entire company, and you can see it in both customer experience improvements and financial results,” Andy Jassy, Amazon's chief executive, said in a statement.After a year in which companies slashed technology spending, Amazon's lucrative cloud computing bus...