Amazon Q2 sales up 39% to $52.9bn

Amazon has reported that its net sales for the second quarter (Q2) of 2018 were $52.9bn, up 39% on last year.

Operating income for the quarter was $3.0bn, compared to $628m last year, while net income was up from $197m to $2.5bn.

In a statement about the quarterly results published yesterday (26 July), Amazon reeled off a long list of highlights, which included its recent announcement about “an offering that helps entrepreneurs build their own companies by delivering Amazon packages”.

Amazon repeated its enticement that: “Business owners can grow their companies by accessing Amazon’s delivery technology and package volume, as well as receiving discounts on a suite of assets and services such as vehicle leases and comprehensive insurance.”

The company added that it has “committed $1m to fund startup costs for eligible military veterans to start their own delivery businesses”.