Although sales at Amazon continue to grow, alarms are going off behind the scenes. There were barely any profits in the fourth quarter, key cloud revenues are slowing and Amazon admits it is not yet successful in food.
Profits evaporate, growth slows
Amazon’s latest quarter fell short of expectations: even though revenue rose 9 % to 149.2 billion dollars (135 billion euros), that was the slowest growth in years. Moreover, almost no profit remains: net profit fell to 278 million dollars (250 million euros), compared to a whopping 14.3 billion dollars a year earlier. Amazon experienced its most profitable quarter ever last year, but those days seem to be over.
