The global online retailer and ecommerce giant announced its results in the US this morning (Australian time), beating market expectations to record its most profitable quarter.
Amazon also reported a significant increase in sales and profit over the same period last year, with net sales up 31% and the US$857 million in net income, up from last year’s US$92 million.
The outlook also looks good for Amazon, with the company announcing that it expected revenue for the third quarter to be between US$31 billion and US$33.5 billion.
In a nutsehell, here’s Amazon’s key numbers for the quarter:
• Q2 earnings per share (GAAP): US$1.78 per share vs. US$1.11 per share estimated;
• Q2 revenue: US$30.4 billion vs. US$29.56 billion estimated (up 31% year-over-year);
• AWS revenue: US$2.88 billion vs. US$1.82 billion last year, up 58% year-over-year; and
• Operating cash flow: U$12.7 billion, up 42% from US$9.0 billion last year