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The US online trading giant Amazon has multiplied by 12 its net profit $ 2,500 million, again driven by its cloud-related activities, as reported this weekend.
The strong increase in revenues for the quarter ended last June is explained by a favorable basis of comparison, because the net profits of the second quarter of 2017 were affected by the depreciation of the badets, which made to drop their net profits to 197 million US dollars.
Per share, reported profits are US $ 5.07. , doubles the amount expected by the markets. The strong performance of the company boosts its market value to the point of competing with Apple as the largest publicly traded company. Together with Microsoft, which released results a week ago, are fighting an increasingly fought race to come up with billions of dollars in capitalization. The rise in business revenue is also explained by the fact that it already incorporates Whole Foods supermarkets.
On the other hand, its turnover, of 52.9 billion US dollars (+ 39%), is lower than that anticipated by several badysts. estimated at $ 53.27 billion. Geographically, it increased by 44% in North America (US $ 32 170 million) and 27% internationally (US $ 14 600 million).
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In addition, the group, citing the future effects of adverse changes, gave lower expectations than expected for the third quarter, expecting a turnover of between 54,000 and $ 57,500 million, while the markets were expected to be $ 58,000 million.
Becoming the group's real source of revenue, its "cloud" division called Amazon Web Services (AWS) has seen a 50% increase in its revenue, to $ 6,100 million, a little better than expected on average by badysts.
years, their net sales increased 49% to be above $ 5440 million, between April and June, they returned to shoot in a similar percentage. This means that they went from US $ 4100 million in the second quarter of 2017 to US $ 6100 million.
Thus, in this first half of the year that has already been completed, AWS exceeds the $ 11,500 million. In this respect, Microsoft is in second position with Azure, and Alphabet is still far from the Google Cloud platform.
While the eMarketer specialist consultant recently calculated that Amazon already manages half of online sales The United States is following eBay (6.6%) and Walmart (3.7%) very closely .
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