Amazon Stock ( NASDAQ:AMZN )
One of the largest technology companies in the world, Amazon ( NASDAQ:AMZN ) operates in a number of markets, with the company’s business model focused on generating income through its North American and international e-commerce segments. In addition, Amazon has a thriving and lucrative cloud computing division. Finally, the business is well-established and expanding in the streaming video industry.
Amazon is a company with strong fundamentals, a top-tier e-commerce platform, a quickly expanding and highly lucrative cloud computing division, and a significant chance for growth in the streaming video sector. In light of these possibilities and the company’s sound fundamentals, I think Amazon stock is still a compelling long-term investment opportunity and should be purchased.
Amazon Q4 2022 Results
Amazon experienced strong revenue growth of 8.6% to $149 billion in the fourth quarter of FYE 2022, powered by its North America business and AWS, which both experienced 12% and 20% year-over-year growth rates, respectively. The International segment’s 8% revenue reduction moderately offset the sales rise. Foreign exchange fluctuations were a major factor in the collapse of the international segment. Foreign exchange changes caused net sales to drop by $15.5 billion annually, which caused problems for AMZN throughout each of the three months of 2022.
Operating expenses increased by 9% during the quarter, mostly as a result of $2.7 billion in costs for staff severance, impairment charges, operating leases, and revisions in projections for self-insurance liabilities. Additionally, Amazon experien...
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