Feb 1, 2018
Amazon 2017 sales up by nearly a third
Online retail giant Amazon saw sales jump by nearly a third last year, and said its Alexa digital assistant had "Far exceeded" expectations. The company's performance in the final three months of the year was driven by a surge in online shopping during the holiday season and strong demand for its cloud services. Fourth quarter sales rose by 38% to $60.5bn. Fourth quarter net income was $1.9bn against $749m in the last three months of 2016. The fourth quarter results include a tax benefit of about $789m related to the new US tax law. The company's boss Jeff Bezos said projections for its Alexa assistant had been very optimistic and the company had "Far exceeded them".
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