About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, July 31, 2020

Amazon Sees Extraordinary Growth

Amazon reported a 41% year-on-year increase in sales on a constant currency basis to 88.9 billion US dollars for the second quarter.  One year ago the top line was growing at 20%. Sales in North America rose 43%, while sales at Amazon Web Services climbed 29%. 

Amazon said it expects sales in the third quarter to grow between 24% and 33% to between 87 billion and 93 billion dollars, after an unfavourable impact of approximately 20 basis points from foreign exchange rates. source: Amazon statement

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