wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon Web Services grew by 50%, profit exceeds expectation: Amazon Q2 2018 earnings

amazon prime

Amazon Inc. reported its Q2 2018 earnings, exceeding Wall Street expectations and posting a profit of $2.5 billion, a 1200% rise from the same quarter last year when the company reported a net income of $197 million. Amazon also reported earnings per share of $5.07, which is more than double of what analysts estimated ($2.50).

Amazon fell just short of revenue expectations by bringing in $52.9 billion instead of the market expectation of $53.41 billion. This is the third consecutive quarter in which Amazon has posted a net income surpassing $1 billion and the first quarter in which it has crossed the $2 billion mark. Shares rose 4.1% in extended trading after the positive earnings call. Amazon’s rapidly growing ad business topped $2 billion in sales for the first time this quarter, a growth of 132% percent year-on-year.

Amazon Web Services grew almost 50%

Amazon Web Services grew by almost 50% with sales at $6.1 billion as compared to $4.1 billion in the same quarter last year and $5.4 billion in the previous quarter. In its international segment, Amazon’s net sales grew to $14.6 million as compared to $11.4 million year-on-year but fell 18% from the end of FY 2017. Loss in international segment shrank by 30% year-on-year to $494 million.

AWS is perhaps the highlight of this quarter’s earnings call — it has an operating margin over 25 percent compared to its tiny margins on retail. AWS business is its biggest contributor to its actual net income.

Advertisement. Scroll to continue reading.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ