Six Takeaways From Amazon's Second Quarter Earnings
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The business world held its collective breath when Amazon reported second-quarter earnings on Thursday. While sales for the Seattle-based ecommerce giant were up 25% to $38 billion over the year-earlier period, net income, at $197 million, failed to meet analyst expectations.
Yet the company, which in the last week alone has introduced Amazon Spark, its own social network, and a private-label accessories line called The Fix, is just getting started. Much of the recent sales growth was led by increased adoption of the company’s Fulfillment by Amazon business-to-business offering and its Amazon Web Services public cloud program, which now counts Ancestry.com and California Polytechnic State University as customers, though growth has slowed in recent quarters.
Below, a few key takeaways:
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