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The sharp rise in profits for the quarter ended last June is the reason by favorable comparison base, as net earnings in the second quarter of 2017 were affected by badet writedowns
(afp_tickers)
US online trading giant Amazon increased net profits by 12 quarterly, to $ 2.5 billion, again driven by its activities related to the "cloud," reported Thursday.
The sharp increase in profits for the quarter ended last June is explained by a favorable basis of comparison, as the net profit of the second quarter of 2017 was affected by the depreciation of badets, which made lower their net profits to $ 197 million.
Per share, earnings reported On the other hand, their business figure of $ 52.9 billion (+ 39%) is below badysts' expectations, which estimated it at $ 52.9 billion (+ 39%). geographically, it increased by 44% in North America (32 170 million) and by 27% internationally (14 600 million).
In addition, the group, citing the future effects of adverse changes, gave lower than expected expectations for the third quarter, anticipating a turnover of between $ 54 and $ 57,500 million, as markets expected about 58,000 million.
Becoming the group's real source of revenue, its cloud computing division called Amazon Web Services (AWS) saw a 50% increase in its revenue, to $ 6,100 million, a little better than expected average of badysts
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AFP