Amazon.com Announces Second Quarter Results

*Operating cash flow increased 16% to $59.3 billion for the trailing twelve months, compared with $51.2 billion for the trailing twelve months ended June 30, 2020.
*Free cash flow decreased to $12.1 billion for the trailing twelve months, compared with $31.9 billion for the trailing twelve months ended June 30, 2020.
*Net sales increased 27% to $113.1 billion in the second quarter, compared with $88.9 billion in second quarter 2020. Excluding the $2.5 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 24% compared with second quarter 2020.
*Operating income increased to $7.7 billion in the second quarter, compared with $5.8 billion in second quarter 2020.
*Net income increased to $7.8 billion in the second quarter, or $15.12 per diluted share, compared with $5.2 billion, or $10.30 per diluted share, in second quarter 2020.

“Over the past 18 months, our consumer business has been called on to deliver an unprecedented number of items, including PPE, food, and other products that helped communities around the world cope with the difficult circumstances of the pandemic. At the same time, AWS has helped so many businesses and governments maintain business continuity, and we’ve seen AWS growth reaccelerate as more companies bring forward plans to transform their businesses and move to the cloud,” said Andy Jassy, Amazon CEO. “Thank you to all of our passionate, innovative, mission-driven employees around the world for continuing to stay focused on delivering for customers—I am very excited to work with you as we invent and build for the future.”
details at: https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-second-quarter-results-1

Related Posts

Adobe Reports Record Revenue

Financial Highlights • Adobe achieved record quarterly revenue of $2.20 billion in its second quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth. • Operating income grew 39 percent and net income grew 77 percent year-over-year on a GAAP-basis; operating income grew 33 percent and net income grew 62 percent year-over-year on a non-GAAP basis. • Cash flow from operations was $976 million, and deferred revenue grew 27 percent year-over-year to approximately $2.63 billion. Click Read More below for additional information.

Claiming Liberal Bias, Pub Drops Association with ‘NYT’ Bestseller Lists

Complaints about the lack of transparency in how the New York Times compiles its bestseller lists are nothing new. For years, some publishers have complained that the paper's methodology—relying on point-of-sale data from a secret and select list of stores—can produce skewed and inaccurate results. For publishers of conservative books, the Times' approach has long been a headache. Now, one of these publishers has taken action.

Attorneys General Urge FCC To Delay Net Neutrality Repeal

Eighteen state attorneys general on Wednesday asked the Federal Communications Commission to postpone a planned vote on net neutrality until investigators have weeded out fake comments submitted to the agency about its proposed rollback. "If the well of public comment has been poisoned by falsified submissions, the Commission may be unable to rely on public comments that would help it reach a legitimate conclusion to the rulemaking process," the law enforcement officials write. "Or, it must give less weight to the public comments submitted which also undermines the process." The FCC is scheduled to vote Thursday on a proposal to repeal net neutrality rules that prohibit broadband providers from blocking or throttling traffic and from creating paid fast lanes. The agency is expected to repeal the rules on a 3-2 party line vote.
Back To Top
×Close search
Search