Amazon’s Q2 sales up 25% to $38bn
Amazon.com has announced that its net sales for the second quarter (Q2) of 2017 amount to $38.0bn, up 25% on last year’s Q2. Operating income, however, was down 51% to $628m.
In a statement issued yesterday (27 July), Jeff Bezos, Amazon founder and CEO, said: “In the last few months, we launched Echo Show (our newest Echo device with a video screen), introduced calling and messaging via Alexa on all Echo devices, debuted Inside Edge on Prime Video (the first of 18 Indian Original Series), introduced Amazon Channels in both the U.K. and Germany, launched four new Fire tablets, expanded Amazon Fresh to Germany, launched Prime Now in Singapore, launched our 25th airplane with Prime Air, hired more than 30,000 new employees, opened three new Amazon Books stores, launched more than 400 significant AWS features and services, migrated more than 7,000 databases using AWS Database Migration Service, and held our third annual Prime Day — signing up more Prime members than ever before.
“It’s energizing to invent on behalf of customers, and we continue to see many high-quality opportunities to invest.”
News of Q2 results drove up the Amazon share price and this briefly propelled Jeff Bezos to the top of the world’s rich list yesterday. However, the Amazon share price then dropped back and Microsoft’s Bill Gates regained the top post.