Amazon grows sales and earns $9.922 million through June

Amazon leaves losses. The US company let its sales skyrocket in the first half of the year $9.922 millioncompared to losses of $5,872 million in the same period last year.

A statement reads: Company led by Andy Jassy has pointed out Net sales increased 10% between January and June up to $261,741 million, compared to $237,678 million for the same period in 2022 benefiting from the good pace in the second quarter of the year.

«It was another quarter of strong progress for Amazon“, explained the CEO Andy Jasywhich, as key factors, is reducing the costs of its distribution network, growing its division in the cloud, Amazon Web Services (AWS)and that “strong demand» its advertising services.

«AWS has continued to expand its leadership position in the cloud with a variety of generative AI releases that make it much easier and cheaper for companies to train and run models. We continue to see strong demand for our advertising services as the team continues to innovate for brands and create interactive experiences for consumers. We are still excited to see what is in store for customers and the company‘ the supreme leader of Amazon declared.

inside second quarter of the yearAmazon registered one Net income of $6.750 millionafter reporting losses of $2,028 million in the same period last year. Earnings per share came in at $0.65, up from $0.20 in 2022. On the other hand, net sales between April and June rose 11% to $134,383 million, compared to $121,234 million in second quarter of 2022.

By segments

The sales of the segment North America reported an 11% year-over-year increase to $82,500 million, while revenue of the international segment it’s grown 10% over the past 12 months to reach $29.7 billion. Speaking of AWS segment revenue is up 12%and reached 22,100 million year-on-year.

By your side, Operating income increased to $7.7 billion in the second quarter, compared to $3.3 billion for the same period last year. North America segment operating income was $3,211 million compared to a loss of $627 million in the second quarter of 2022. International segment operating loss was $895 million compared to $1,771 million in the second quarter Last year’s quarter, while AWS operating profit increased, reached $5,365 million.

Aside from that, Operating cash flow saw a 74% increaseup to $61.8 billion for the trailing twelve months, compared to $35.6 billion for the twelve months ended June 30, 2022.

Forecasts for the third quarter

Amazon has provided guidance for the third quarter of the year in which it expects to Net sales are between $138,000 and $143,000 millionor grow between 9% and 13% compared to the third quarter of 2022. The company expects a positive impact of about 120 basis points from exchange rates. It also appreciates some Operating income ranges from $5.5 billion to $8.5 billioncompared to $2.5 billion for the same period in 2022.

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here