Business

Amazon sales will iincrease by 39% to reach $ 52.9 billion in the second quarter of 2018

At the 2nd quarter of 2018, Amazon’s sales went up by 39% to reach $52.9 billion

Amazon has revealed its financial report for the 2nd quarter of 2018, in which it achieved huge numbers compared with the same time last year; as the net sales rose by 39%, while the operating income reached $3 billion in that period.

The company said that the financial liquidity of operational processes rose by 22% to reach $21.8 billion in the last 12 months, in comparison with $17.8 billion in the 12 months that ended in June 2017. Also, the cash flow has reached $10.4 billion in the same period compared with $9.6 billion last year.

This large flow came after the company’s net sales reached $52.9 billion with an increase of 39% over the past year. Also, these numbers don’t include the exchange fees of foreign currency at the time, which were $760 million.

The operational processes income rose to reach $3 billion compared with $628 million in the second quarter of the last year. This also happened with the net income; which rose to $2.5 billion compared with $197 million in the second quarter of the last year.

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