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Amazon Reports Mixed Q1 Results As Jeff Bezos Vows Massive COVID Response: “We’re Not Thinking Small”
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deadline.com
deadline.comBy Dade Hayes Finance Editor Amazon, whose operations have been put to an extreme test during the coronavirus outbreak, posted mixed first-quarter earnings after the close of trading Thursday.
Founder and CEO Jeff Bezos issued a strikingly assertive statement along with the the company’s earnings. He said the tech giant is “not thinking small” as it responds to COVID-19 and will plow billions of profits back into its efforts across the world.
Three bullet-pointed pages of text at the top of the release highlighted initiatives across units like Whole Foods, delivery services, Alexa and many more.
Revenue rose 26% from the same quarter a year ago to $75.5 billion, ahead of expectations, and the revenue gain in the U.S. was even higher, up
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