Amazon profit jumps 48% to $7.8 billion in Q2
@Tragicfonts, @Infodeaofficial
On 30th July (Thursday) Andy Jessy, chief executive of amazon gave a statement that the second quarter profit jumps 48% from a year ago to $7.8 billion. Andy Jessy who took over the place of Jeff Bezos earlier this month has also said that the company will remain focused on the delivery of goods and services to the customers during pandemic. He added “over the past 18months, our consumer business has been called on to deliver an unprecedented number of items including PPE food and other products that helped communities around the world to cope with the difficult circumstances of the pandemic.”
A higher number of consumers choose amazon during pandemic for the delivery of essentials and the cloud computing division also increase to have businesses and consumers connected with each other. On this he said amazon cloud computing division AWS “has helped so many businesses and governments maintain business continuity… as more companies bring forward plans to transform their businesses and move to the cloud.”
Amazon has recently been criticised for its workplace policies but they argued that it pays wages above the average wages and takes special care about the employ safety. Initially amazon was an online book seller which is now one of the biggest companies with operation units in many countries. The company has a market value of around $1.8trillion with 1.3 million employees.
Bezos has started devoting his more time over his new projects including his blue origin company that helped him reach space earlier this month. This has resulted in withdrawal of his attention from his 27yrs old company i.e., Amazon.
