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Amazon's Full-Year Results 'A Mixed Bag', Says Analyst

Published on Feb 1 2019 10:00 AM in Technology tagged: Featured Post / Amazon / Sales / Whole Foods / GlobalData Retail / Paywall

Amazon's Full-Year Results 'A Mixed Bag', Says Analyst

While online giant Amazon has ended its fiscal year on a positive note, there is now a "clear divergence" in the performance of its top and bottom lines, "with the latter accelerating and the former decelerating," a leading industry analyst has said.

Neil Saunders of GlobalData Retail was commenting on the back of results that showed Amazon's net income rising by 63.1% and operating income growing by 78.0%.

Much of this growth was driven by AWS, its cloud computing arm, where operating income rose 61%.

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