Amazon Posts Largest Q2 Profit Ever and Huge Growth for Cloud Services
Last week Amazon (NASDAQ: AMZN) posted its second quarter financials, reporting huge gains in net income, net sales and revenue from Amazon Web Services (AWS). Second quarter highlights include: Net income was $857 million, compared to $92 million for the same period last year. Net sales totaled $30.4 billion, a 31 percent increase for the same period last year. According to Yahoo Finance, analysts estimated $29.54 billion in revenue. Operating income was $1.3 billion, compared to $464 million…
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