Jassy said the company was grappling with higher costs: Nevertheless, Jassy was upbeat about the company’s prospects, Revenue in the three months ended in December rose 9%, year over year, to $137.4 billion, yielding a net profit of $27.75 a share, including a one-time “pre-tax valuation gain of $11.8 billion included in non-operating income from our common stock investment in Rivian Automotive, Inc., which completed an initial public offering in November.” Analysts had been modeling $137.68 billion and a net profit of $3.61 per share. Revenue in the AWS cloud computing unit accelerated its growth, rising by 40%, year over year, to $17.78 billion. That is faster than the 39% growth in Q3 and the 29% growth in the year-earlier quarter. AWS’s operating income rose by 46%, year over year, excluding the postive effect of $83 million with of currency benefit from the rising dollar, the company said. Profit was 29.8% of revenue, down slightly from 30.3% in Q3. For the current quarter, the company sees revenue of $112 billion to $117 billion, below consensus for $120.94 billion.
