According to reports, Amazon today released its first quarter financial report for fiscal 2021.
Highlights of the first quarter performance:
——Total net sales amounted to 108.518 billion U.S. dollars, an increase of 44% from the 75.452 billion U.S. dollars in the same period of the previous year. Excluding the favorable impact of the 2.1 billion U.S. dollar exchange rate change, total net sales increased 41% year-on-year;
· Net product sales were 57.491 billion U.S. dollars, an increase of 37% from 41.841 billion U.S. dollars in the same period last year;
· Net service sales were US$51.027 billion, an increase of 52% from US$33.611 billion in the same period last year;
——Total operating expenses were US$99.653 billion, an increase of 39% from US$71.463 billion in the same period last year;
——Operating profit was 8.865 billion U.S. dollars, an increase of 122% from 3.989 billion U.S. dollars in the same period last year;
——Net profit was 8.107 billion U.S. dollars, an increase of 220% from the 2.535 billion U.S. dollars in the same period last year;
---- Diluted earnings per share was US$15.79, an increase of 215% from US$5.01 in the same period last year;
——For the past 12 months ending March 31, 2021, operating cash flow was US$67.2 billion, an increase of 69% from US$39.7 billion in the same period last year; free cash flow was US$26.4 billion, compared with 24.3 billion in the same period last year The dollar increased by 9%; excluding the principal repayment of financing leases, free cash flow was US$14.9 billion, an increase of 4% from US$14.3 billion in the same period of the previous year; excluding equipment financing leases and all other financing leases and financing debt repayments, free cash flow Flows were US$16.8 billion, an increase of 44% from US$11.7 billion in the same period last year.
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Divided by department:
——The net sales of AWS cloud service department in the first quarter were 13.503 billion US dollars, an increase of 32% from 10.219 billion US dollars in the same period of the previous year, accounting for 13% of total net sales; operating profit was 4.163 billion US dollars, compared with The US$3.075 billion in the same period last year increased by 35%.
—— Net sales of the North American division in the first quarter were US$64.366 billion, an increase of 40% from US$46.127 billion in the same period of the previous year, accounting for 59% of total net sales; operating profit was US$3.450 billion, compared with the previous year. The US$1.312 billion in the same period increased by 163%;
—— Net sales of the international division in the first quarter were US$30.649 billion, an increase of 60% from US$19.106 billion in the same period last year, and accounted for 28% of total net sales; operating profit was US$1.252 billion, compared with the same period last year. Operating loss was US$398 million.
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Outlook for the second quarter:
-Net sales are expected to be between 110 billion U.S. dollars and 116 billion U.S. dollars, an increase of 24% to 30% year-on-year; this guiding expectation includes the favorable impact of exchange rate changes of approximately 200 basis points;
-Operating profit is expected to be between US$4.5 billion and US$8 billion, compared to US$5.8 billion in the same period last year; this guidance assumes that the cost associated with the new crown pneumonia epidemic is approximately US$1.5 billion;
-This guide assumes that Prime Day shopping day will be held in the second quarter of this year;
——This guiding expectation assumption does not include other commercial acquisitions, investments, reorganizations or litigation settlements.
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Performance expectations:
Amazon predicts that in the second quarter of fiscal 2021, net sales will reach US$110 billion to US$116 billion, an increase of 24% to 30% year-on-year, which includes approximately 200 basis points of the positive impact expected from exchange rate changes.
Amazon also predicts that operating profit in the second quarter of fiscal 2021 will reach US$4.5 billion to US$8 billion, compared with US$5.8 billion in operating profit for the same period in 2020. This expectation assumes that the cost related to the new crown virus will reach about 1.5 billion US dollars.
The above performance guidance assumes that the Prime Day event will take place in the second quarter of 2021.
Amazon's average of the expected range of net sales for the second quarter was $113 billion, exceeding analyst expectations. According to data provided by the Yahoo Finance Channel, 34 analysts on average expect Amazon's net sales in the second quarter to reach US$108.1 billion.
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