Amazon has become the latest tech company, which in recent days officially published details of its financial performance for the quarter. The information reveals that the retail giant had generated revenue of $ 32.7 billion. This period, an increase of 29% compared with $ 24.5 million. Reported a year ago. These are data Net Sales division of Amazon reported record earnings, inform AndroidHealines. The other divisions also demonstrate good results.
In addition to net sales from Amazon reported record earnings can boast with $ 14.6 billion. Revenue from Operation Cash Flow (OCF). The results show 49% increase yoy. Cloud platform Amazon AWS is also profitable in the third quarter, exceeding analysts’ expectations. Instead of the estimated $ 3.13 billion. It generated revenues of $ 3.23 billion. The data is immediately reflected in stock quotes and increased share price on Amazon.
The trade giant in the future plans more investments in the Internet of Things platform. Gadgets like Echo Dot and Amazon Tap speakers represent yet another attempt to Amazon to become an influential factor in this segment. The head of the company Jeff Bezos has indicated that it expects the good performance to continue in full force during the last three months of the calendar year.
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