Amazon is doing well, really well after the latest quarterly report was published and shows very positive figures.
Amazon is clearly an e-commerce giant that has managed to sell one thing and another. Now their latest quarterly report presented and those are clearly positive numbers.
Amazon has revenues of 113 billion dollars, which is an increase of as much as 27 percent compared to the same period last year. This means that Amazon had a profit of 7.7 billion dollars and if you look at what the analysts thought, it is a little lower, the analysts believed at 7.8 billion dollars.
Amazon thus continues to withdraw HUGE sums of money on e-commerce and it does not seem to be declining at the moment. It will be interesting to see how far this can actually go in terms of revenue.