Today following the bell, Amazon reported its first quarter 2015 financial performance, including revenue of $22.72 billion and negative earnings per share of $0.12. The street expected Amazon to lose $0.13 per share, on revenue of $22.39 billion.
Amazon also announced that its cloud computing business, AWS, had revenue of $1.5 billion in the quarter, with a run rate of $5 billion a year and profits of $265 million. The company announced in January that it would begin to break out AWS revenue as its own key metric.
“Amazon Web Services is a $5 billion business and still growing fast — in fact it’s accelerating,” Amazon founder and CEO Jeff Bezos said of the decade old offering.
In regular trading, Amazon was up a fraction. Following its earnings, Amazon is up more than 5 percent in after-hours trading.
The company’s revenue grew 15 percent, compared to the first quarter on a year-over-year basis, while its operating income grew over the same timeframe. In the comparable, year-ago quarter, Amazon had operating income of $146 million, and net income of $108 million.
Amazon ended the period with cash and equivalents of $10.2 billion.
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