2023-08-03 21:54:57
Aug 3 (Archyde.com) – Amazon on Thursday reported sales that beat Wall Street’s expectations, driven in particular by reduced delivery times and costs.
Amazon stock jumped nearly 7% in post-close trading.
The group has reorganized its delivery network, opening warehouses allowing same-day deliveries closer to major cities, thus reducing costs and delays.
Amazon reported second-quarter revenue of $134.4 billion (€122.7 billion), up 11%, where analysts were expecting $131.5 billion.
Cloud computing services, which have slowed in recent quarters, have stabilized.
Cloud sales from the Amazon Web Services (AWS) division beat analysts’ expectations, coming in at $22.1 billion in the second quarter, up 12%.
The group also reported quarterly profit of $6.7 billion.
Amazon said it expects net revenue for the current quarter to be between $138 billion and $143 billion, where analysts polled had expected $138.25 billion. (Report Chavi Mehta; French version Camille Raynaud)
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