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Amazon profit reaches record USD 2.5 billion, boosted by cloud, Alexa

2018-07-27 09:00:00| Telecompaper Headlines

(Telecompaper) Amazon.com reported a very strong set of results for the second quarter, with revenues in-line with expectations but profit passing the USD 2 billion mark, more than tripling on the back of growth at AWS and North America. Revenues jumped 39 percent from the year before to USD 52.9 billion, while the net profit surged to 2.5 billion or USD 5.07 per diluted share, from 197 million or USD 0.40 per diluted share. The operating profit leaped to USD 3.0 billion from 628 million, widely passing guidance.

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