Amazon second-quarter revenue jumps 39 percent

(Reuters) - 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

Reuters July 27, 2018 03:05:16 IST
Amazon second-quarter revenue jumps 39 percent

Amazon secondquarter revenue jumps 39 percent

(Reuters) - 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.

(Reporting by Arjun Panchadar in Bengaluru)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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