Friday, 2 February 2018

Online retailer Amazon 2017 sales jump by nearly a third

Online retailer Amazon saw sales jump by nearly a third last year, helped by growth in its Prime delivery service.

Full-year revenue came in at $177.9bn (£124.6bn), a rise of 31%, while profit hit $3bn, against $2.4bn in 2016.

The company reported record sales in the final three months of the year, driven by a surge in online shopping over the holiday season and demand for its cloud services.

Shares in Amazon rose by 6% in after-hours trading.

The company said more than five billion items were sent using its Prime shipping service worldwide in 2017.

BBC                        News.

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