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The world's largest online retailer continues to benefit from the growth of e-commerce and the prosperity of IT services. The turnover and profits of Amazon have further increased significantly in the second quarter
Above all, the profit was surprisingly positive: it rose in the second quarter to $ 2.5 billion (the equivalent of about 2.1 billion euros), as announced by the Seattle company. During the same period last year, the group had earned $ 197 million. For the current third quarter, Amazon is expecting a profit much higher than expected by badysts: it should be between $ 1.4 billion and $ 2.4 billion. The experts had projected $ 843 million.
The turnover between April and the end of June, however, went below expectations, increasing by 39 percent to $ 52.9 billion. Nevertheless, the share price rose 4.1% after trading hours.
Amazon has become one of the largest companies in the world, with its different business sectors: traditional online commerce, artificial intelligence, video and groceries. Amazon also provides customers with cloud storage and markets the offering as Amazon Web Services. Division sales doubled in the second quarter, while operating income increased 80% to $ 1.64 billion.
The founder and CEO Jeff Bezos became the richest person in the world following the rise of Amazon. His fortune, consisting primarily of the company 's shares, amounts to about $ 149 billion, according to a statement from the Bloomberg news agency. Forbes magazine estimated it at $ 112 billion earlier this year.
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