You might say Amazon did OK in the first quarter of 2021.

The Seattle-headquartered multinational technology company, which specializes in everything from e-commerce and cloud computing to artificial intelligence, increased its first quarter 2021 revenue by 44% year over year to $108.5 billion.

Jeff Bezos, Amazon

Net income increased to $8.1 billion in Q1 2021, or $15.79 per diluted share. That compared with net income of $2.5 billion, or $5.01 per diluted share, in the first quarter 2020.

Amazon’s operating income more than doubled year over year to $8.9 billion, while operating cash flow increased 69% to $67.2 billion for the trailing twelve months, compared with $39.7 billion for the trailing twelve months ended March 31, 2020.

Recent developments at Amazon that have particular relevance for the promo products industry include an expansion of a gamified workplace program and the launch of an offering that allows fans to buy branded merchandise from some musical artists directly within the Amazon Music app.

Amazon touted a range achievements by its various business units here.

“As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” noted Amazon founder/CEO Jeff Bezos. “In just 15 years, AWS has become a $54 billion annual sales run rate business competing against the world’s largest technology companies, and its growth is accelerating, up 32% year over year.”

Amazon forecasts that its net sales for the second quarter of 2021 will increase 24% to 30% year over year to between $110 billion and $116 billion.