On Thursday, Amazon announced the largest profit in its 26-year-old historicala Dragoons
While offline stores have closed and cut staff, Amazon hired 175,000 people.
Revenue increased by 40% compared to last year and reached 88,9 billion U.S. dollars.
Amazon predicted that the second quarter will lose money because I intended to spend $ 4 billion to protect personnel from COVID-19. That’s exactly what he did and still earned
5.2 billion dollars. Thus Amazon doubled net profit compared with last year.
The company’s shares this year has increased by 60%.
Jesse Cohen, senior analyst Investing.com said that the business model of Amazon strengthens a dominant position in the field of electronic Commerce, through the pandemic COVID-19.
Sale in online stores during the second quarter jumped 48% to 45.9 billion. At the same time, third-party sellers on Amazon, to pay her more for services rendered. This led
the revenue growth from services for third-party sellers.
Amazon’s cloud services also faced with the increased demand. Revenue from Amazon Web Services (AWS) have increased nearly 29 percent to 10.81 billion.
However, cloud business rival company Google Inc has grown on 43% in comparison with the previous year.
Amazon expects net sales in the third quarter from 87 to 93 billion dollars.
E-Commerce
Amazon
