From Seeking Alpha:
Amazon’s fourth quarter revenues grew 22% over the year to $43.7 billion, compared with the market’s expectations of $44.68 billion. EPS of $1.54 beat the Street’s forecast of $1.35 per share. Net income increased to $749 million from $482 million a year ago. Operating income increased 13% to $1.3 billion.
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AWS has announced three AI services: speech recognition and natural language understanding service Amazon Lex, text-to-speech engine Amazon Polly, and image recognition service Amazon Rekognition.
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Its Fulfillment by Amazon (FBA) also is seeing good traction. It delivered more than two billion units on behalf of sellers in 2016, and the number of active sellers using FBA grew more than 70%. It has over 100,000 sellers, and in Q4 FBA units represented over 55% of total third-party units. However, there are rising concerns that Amazon has failed to stop the circulation of counterfeits.
Amazon also launched a revamped and expanded version of a Pinterest-like feature called “Interesting Finds” which offers shoppers a curated feed of products across a number of categories. Pinterest, which is struggling to monetize its more than 150 million monthly users, could actually be a good acquisition prospect for Amazon, which ended the quarter with a cash balance of $19.3 billion.
Link to the rest at Seeking Alpha