Amazon’s revenue for the year rose by a quarter
Amazon released another quarterly report.
Devoted to report the press release begins with reports of increased operating cash flow over the last 12 months by 37%, from 13.0 to 17.9 billion dollars — compared to the same period ended June 30, 2016.
Sales for the year increased by 25%, from 30.4 to 38.0 billion. The account of unfavorable changes in the exchange rate, which reduced the net profit of 502 million dollars, gives a value growth rate of 26%.
The company’s operating profit in the second quarter of 2017 amounted to $ 628 million. This is 51% less than a year ago, when the company received a $ 1.3 billion operating profit.
Finally, Amazon’s net profit in the second quarter of 2017 197 million dollars. For comparison: in the second quarter of 2016, this figure was equal to 857 million dollars.
In the current quarter is expected to revenue in the range 39,25-41,75 billion.