CLAIM #7175 · Amazon.com Inc (AMZN) · 2022Q1 earnings call · Apr 28, 2022 · due Dec 31, 2022
“But we're hopeful and expecting that that will add to good elasticity, the same elasticity is that we start to see prepandemic?”
Brian Olsavsky · CFO
In context
“ms that are moving through that line item for the year? Brian Olsavsky: Let me start with your first question on one day and same day. Yes, we're approaching the service levels that we had pre-pandemic, and that's a positive sign. But this doesn't -- it doesn't turn on a dime, I think as a consumer, I noticed it myself, I see more things in stock. And I -- it opens up the consideration set for things that I may have had to run to a store to get in a short period of time. And that trust and -- as you see more and more of that, you trust it and you continue to order and you then go to Amazon first and say, okay, well, it's maybe my first stop before I even think about going to the store. So, it's a -- it has to be built over time. It doesn't take years. It takes hopefully, weeks and months. But we're hopeful and expecting that that will add to good elasticity, the same elasticity is that we start to see prepandemic? Dave Fildes: On the second point, the technology and content. Just as a reminder, components in there is you got the Amazon Tech and the AWS infrastructure, so everything from servers, network and equipment, data center-related depreciation, rent utilities, those types of things. The AWS Tech employee costs and costs to support the dotcom website and a number of other technology initiatives that we're working on. For Q1, it was up about 19% year-over-year, which was down a little bit, less than what you see for year-over-year growth throughout 2021. That growth rate, though, does, of course, include an offset Q1 2022 related to a partial offset, I should say, related to the change in estimated useful lives for servers, which was a little under $1 billion of impact in the first quarter. In”
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SEC filings for AMZN ↗ · Claim quote is verbatim from the 2022Q1 earnings call.