Amazon second-quarter revenue jumps 39 percent
Amazon second-quarter revenue jumps 39 percent
Amazon.com Inc reported a 39 percent jump in second-quarter revenue on Thursday, driven by a surge in online shopping and higher demand for its cloud services.
The company said its net sales rose to $52.89 billion from $37.96 billion a year earlier.
Net income rose to $2.53 billion, or $5.07 per share, in the second quarter ended June 30 from $197 million, or 40 cents per share, a year earlier.
Revenue from Amazon Web Services (AWS), the company`s fast-growing cloud services business, surged about 49 percent to $6.11 billion, beating the average estimate of $6 billion, according Thomson Reuters I/B/E/S.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.