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Amazon reports strong profits and net sales for 2Q, fueled by robust growth in cloud computing unit
Amazon posted strong Q2 profits and sales; its cloud computing unit's 37% surge drove overall gains
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LA NACION
NEW YORK (AP) — Amazon delivered strong profits and net sales during its fiscal second quarter, helped by surging growth in its prominent cloud computing unit .
The e-commerce and technology company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth rate in 18 quarters.
The Seattle-based company also offered a sales outlook in the current quarter that beat analysts' expectations.
Amazon reported net income of $62.65 billion, or $5.75 per share, in the three-month period ended June 30. That compares with $18.16 billion or $1.68 in the year-ago period.
Net sales rose to $200.6 billion from $167.7 billion in the year-ago period.
Analysts were expecting sales of $197.03 billion for the latest quarter.
The results from the latest quarter underscored that demand keeps growing for Amazon’s services and technology .
LA NACION
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