Amazon reports better than expected Q2 profit & revenues owing to the pandemic

Amazon reports better than expected Q2 profit & revenues owing to the pandemic

The Covid-19 pandemic helped Amazon posting better-than-expected Q2 results, with revenue up 40% to $88.9bn. Profit for Q2 was $5.8bn, up from the $3.1bn same period last year. Amazon CEO Jeff Bezos described Q2 as a ’highly unusual quarter’ for the firm, given that this time of year is usually, a relatively ’low-volume’ period for its retail business.

Milan
Milan
Top in Tech
Get the App