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Back In The Black: Amazon Oz

CANBERRA: Amazon Web Services Australia is back in the blue, reporting an $8.6 million profit for the year ended December 31, 2019. That compares with a loss of $15.7 million in 2018.

Revenue for latest year came in at $534 million, according to accounts Amazon filed with the Australian Securities and Investment Commission.

Staff wages were up by 53 percent to more than $200 million, as Amazon boosted its Australian presence. Benefits also climbed by $23 million.

AWS’s MD for Australia and New Zealand, Paul Migliorini, stepped down from its board as of February 2020, and was replaced by former director of enterprise Adam Beavis, now the company’s managing director for Australia and New Zealand commercial sales.

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