Amazon reports that it earned a net income of $7.8 billion on $113.1 billion in revenues for the quarter ending June 30. Revenues were up 27 percent year-over-year.
“Over the past 18 months, our consumer business has been called on to deliver an unprecedented number of items, including PPE [personal protective equipment], food, and other products that helped communities around the world cope with the difficult circumstances of the pandemic,” Amazon CEO Andy Jasse said. “At the same time, AWS has helped so many businesses and governments maintain business continuity, and we’ve seen AWS growth reaccelerate as more companies bring forward plans to transform their businesses and move to the cloud.”
As part of its earnings announcement, Amazon produced a bewildering list of new products it released, new initiatives in which it was involved, and other milestones, but none of that came with any financial information. For example, Prime members in 20 countries shopped more and saved more this Prime Day than any previous Prime Day, purchasing more than 250 million items. And Amazon earned 20 Emmy Award nominations, including Amazon Studios’ first-ever category nominations for a drama series and a limited series. Yawn.
Looking at the actual numbers, we can see that AWS delivered net sales of $14.8 billion, a gain of 27 percent YOY. I’d compare that to Microsoft’s Commercial Cloud number, but the software giant provided an annual figure, and not a quarterly number, this week.