Saturday, 18 September 2021 08:17 GMT

Amazon’s proceeds surpass USD100 bln for 3rd consecutive time

(MENAFN) On Thursday, Jul. 29 financial results showed that Amazon’s proceeds stood at more than USD100 billion during the April-June period of this year, the third consecutive time that the e-commerce giant has exceeded the staggering data.

The American company witnessed its proceeds surge to USD113.1 billion in the second quarter, a rise by 27.2 percent from USD88.9 billion in the same period of 2020.

The percentage rise, nonetheless, was feebler than the 41 percent recorded in the second quarter last year, when the COVID-19 pandemic drew customers towards e-commerce firms.

Amazon CEO Andy Jassy noted in a report: “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.”

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