Shifting business mix drives impressive profits
Q1 operating profit almost doubled YoY as AWS accelerated again, advertising continued to grow strongly and the core ecommerce business delivered another robust performance. Q2 guidance implies similar trends, while, at the same time, there appears no slowdown in the pace of investment, which should drive years of very strong growth. We remain Overweight, lifting our PT to $1,900.Amazon.com serves consumers through its online and physical stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and the company develops and produces media content. The company operates customer service centers and provides programs that enable sellers to grow their businesses, sell their products in its stores, and fulfill orders through the company The company serves developers and enterprises of various sizes, including start-ups, government agencies, and academic institutions, through its Amazon Web Services segment, which provides a set of global compute, storage, database, and other service offerings. The company also provides services, such as advertising.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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