Amazon.com, Inc on Thursday announced its financial results for the second quarter, with a 10 per cent net sales increase year on year.
Amazon's net sales grew to 148.0 billion US dollars in the quarter, compared with 134.4 billion dollars in the same period last year. Excluding the 1 billion dollars unfavourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11 per cent, reports XINHUA.
The company's North American segment sales increased 9 per cent year over year to 90.0 billion dollars. International segment sales increased 7 per cent year over year to 31.7 billion dollars, or increased 10 per cent excluding changes in foreign exchange rates, the US e-commerce giant said.
Amazon Web Services (AWS) segment sales increased 19 per cent year over year to 26.3 billion dollars.
According to its financial report, Amazon's net income increased to 13.5 billion dollars in the second quarter, or 1.26 dollars per diluted share, compared with a net income of 6.7 billion dollars, or 0.65 dollars per diluted share, in the second quarter of 2023.
"We're continuing to make progress on a number of dimensions, but perhaps none more so than the continued reacceleration in AWS growth," said Andy Jassy, Amazon president and CEO. "As companies continue to modernize their infrastructure and move to the cloud, while also leveraging new Generative AI opportunities, AWS continues to be customers' top choice."
