Sales for its cloud computing unit, Amazon Web Services, rose 20% to $21.4 billion, but were slightly below expectations and well short of 27.5% growth in the third quarter.
The company expects first-quarter revenue to be in the range of $121 billion to $126 billion, or to grow between 4% and 8%. The $123.5 billion midpoint is lower than Wall Street's estimate of $125.13 billion.
The company's recent performance has been overshadowed by a challenging economic environment that has affected e-commerce companies globally.
In addition to a weak economy, a number of adverse effects such as a sharp slowdown in digital advertising spending, inflation, rising interest rates and rising recession fears worked against tech companies.